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  • Mon Jul 24 2017 14:07:21 GMT+0530 (IST)
  • Govt extends time limit for filing intimation for composition levy

    Govt extends time limit for filing intimation for composition levy

    Government has decided to extend time limit for filing intimation for Composition levy, the intimation FORM GST CMP-01, upto 16th of next month. Finance Ministry, in a series of tweets, said the period of applying for cancellation of registration is also extended up to 30th September this year. The ...

    Notes in circulation at 85% of pre note-ban level: Govt

    Notes in circulation at 85% of pre note-ban level: Govt

    Government on Friday said that notes in circulation are above 85 per cent of the pre-demonetisation levels and steps have been taken to accelerate remonetisation. Minister of State for Finance Arjun Ram Meghwal said this in a written reply to the Lok Sabha. He said, as on 23rd of last month...

    Union Cabinet approves 15% hike in salaries for public sector company employees

    Union Cabinet approves 15% hike in salaries for public sector company employees

    Union Cabinet has cleared a 15 per cent hike in salaries for public sector company employees. The Cabinet meeting chaired by Prime Minister Narendra Modi approved implementation of the recommendations of the 3rd Pay Commission for central public sector enterprises' employees. The new wages are effec...

    Cabinet clears draft bill to replace ordinances promulgated to introduce GST in J&K

    Cabinet clears draft bill to replace ordinances promulgated to introduce GST in J&K

    Union Cabinet today approved a draft bill to replace ordinances that were promulgated to introduce the Goods and Services Tax (GST) in Jammu and Kashmir. Earlier this month, the Centre had promulgated ordinances to make the Central GST and Integrated GST, which deals with inter-state commer...

    India foodgrain output up 8.7% at record 273.38 MT in 2016-17

    India foodgrain output up 8.7% at record 273.38 MT in 2016-17

    Foodgrain production in the country has been estimated at a record level of over 273 million tonnes during 2016-17. This was stated by Minister of State for Agriculture SS Ahluwalia in reply to a question in the Lok Sabha today. He said the earlier record production of foodgrain was in 2013...

    GST Council to meet in New Delhi; likely to take stock of implementation of new tax regime

    GST Council to meet in New Delhi; likely to take stock of implementation of new tax regime

    Over two weeks into the Goods and Services Tax regime, the GST Council will meet today in New Delhi, to take stock of the implementation of the new tax regime. This will be the first meeting of the Council since the launch of the GST on 1st of this month. Under the chairmanship of Finance M...

    Misunderstandings about GST are being spread: Arun Jaitley

    Misunderstandings about GST are being spread: Arun Jaitley

    Union Finance minister Mr Arun Jaitley said that The Goods and Services Tax(GST) is very simple and several misunderstandings are being spread about this new system. Those who follow the law will not be called to office for assessment under this system. For them everything including the returns and ...

    Wholesale inflation falls to 0.9% in June

    Wholesale inflation falls to 0.9% in June

    Wholesale inflation fell to 0(point)9 per cent in June this year as prices of food articles, including vegetables, fell. The inflation figure is the lowest in at least eight months--since the availability of data for the new 2011-12 base year series.Inflation based on the wholesale price in...

    No GST on sale of old jewellery by individuals

    No GST on sale of old jewellery by individuals

    Government has clarified that the sale of old jewellery by an individual to a jeweller will not attract any GST as the sale is not for furthering any business. In a statement, Finace Ministry said that the sale of old jewellery by an individual to a jeweller will not attract the provisions ...

    Retail inflation hits "historically low" level of 1.54 % in June

    Retail inflation hits "historically low" level of 1.54 % in June

    Retail inflation hit a "historically low" level of 1(points)54 per cent in June this year. Inflation had stood at 2.18 per cent in May this year, and at 5.77 per cent in June last year. Sources reports that Chief Economic Adviser Arvind Subramanian has said that the inflation rate of 1.54 p...

    Sensex breaches 32,000 mark for first time

    The Sensex at the Bombay Stock Exchange breached the 32,000 mark for the first time ever in morning trade. Later, the Sensex remained strong, and had surged 236 points, or 0.7 percent, to 32,041 a short while ago. The Nifty at the the National Stock Exchange also touched a new intra-day pea...

    Petrol pump dealers defer protest against daily fuel price revision

    Image TitlePetrol pump dealers have deferred their no-purchase, no-sale agitation against daily revision in fuel prices till 1st of next month. All India Petroleum Dealers Association had called on its members not to buy any fuel from oil companies or sell any petrol and diesel to consumer...

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