APN News

  • Thursday, March, 2019| Today's Market | Current Time: 03:05:43
  • Finance Ministry urges foreign diplomatic missions to mention place of supply in GST return forms

    The finance ministry has asked foreign diplomatic missions or UN organisations to correctly mention the ‘place of supply’ of services in their GST return forms to enable quick processing of refund. GST Act provides for allotting a Unique Identification Number (UIN) to consulates, embassies and UN organisations to enable them claim refund of the GST […]

    RBI starts process to set up Public Credit Registry for capturing borrowers’ details

    The Reserve Bank has initiated setting up a digital Public Credit Registry to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies.   The Reserve Bank has invited expression of interest for developing the registry from companies with a turnover of over 100 crore […]

    Rupee witnesses big jump of 96 paise to Rs. 72.49 vs USD

    The rupee, at the forex market, today witnessed a big jump of 96 paise to 72 rupees and 49 paise against the US dollar. In the previous session, it had depreciated 50 paise to close around 73 rupees and 45 paise against the US currency

    GST collections cross Rs 1 lakh crore mark in October

    GST collections have crossed Rs 1 lakh crore mark in October this year. In September, the revenue from goods and services tax was 94,000 crore rupees. In a tweet, Finance Minister Arun Jaitley said, the success of GST is lower rates, lesser evasion, higher compliance, only one tax and negligible interference by taxation authorities.

    Rupee gains 14 paise to 73.33 against US Dollar in early trade

    The rupee recovered by 14 paise to 73 rupees  33 paise  against the US currency in early trade today, on fresh dollar selling by exporters.  The benchmark BSE Sensex started the session on a positive note  rising 200 points to 33,550 in opening trade today.

    Finance Ministry extends deadline for filing September GST returns to October 25

    The Finance Ministry has  extended the due date for filing of summary sales return GSTR-3B for the month of September by five days to 25th of this month. With this extension, businesses which want to claim Input Tax Credit (ITC) benefit for July 2017 to March 2018 period can do so till  the extended period. […]

    WPI inflation rises to 5.13% in September

    Inflation based on wholesale prices rose to a two-month high of 5.13 per cent last month, mainly due to hardening of food prices and rise in cost of petrol and diesel. The Wholesale Price Index (WPI) based inflation stood at 4.53 per cent in August and 3.14 per cent in September last year. According to […]

    Features Of Third Party Insurance In 2018

    There are certain changes proposed by the insurance regulator, IRDAI (Insurance Regulatory and Development Authority of India) for the third-party premium of two-wheelers. The changes are applicable from 1st April 2018. As a matter of fact, the insurance regulator will revise the third-party insurance premium on an annual basis. The revision will be done on […]

    World Bank approves Country Partnership Framework for India to support its transition to higher middle- income country

    World Bank Board has endorsed an ambitious five-year Country Partnership Framework (CPF) for India, which aligns with New Delhi’s objectives of high, sustainable and inclusive growth. The move is aimed at supporting India’s transition to a higher middle-income country by addressing some of its key development priorities such as resource efficient and inclusive growth, job […]

    PNB fraud: ED eyes Nirav Modi’s Rs 4,000 crore worth of foreign assets

    Enforcement Directorate (ED) has zeroed in on foreign assets worth about 4,000 crore rupees of absconding diamond jeweller Nirav Modi for quick attachment under the anti-money laundering law in connection with the 2 billion dollar PNB fraud case. Officials said, the agency has got issued a number of judicial requests (Letters Rogatories), and with a […]