GST has made a complete arrangement to defeat China without fighting at the border. The biggest advantage of GST is that it will strengthen the small Indian economy devastated by Chinese goods and market will become stronger again.
The Unique Identification Authority of India (UIDAI) has asked all the states to ensure that till September 2017 this year, all the base centers or enrollment centers from outside should be transferred to government occupied campus.
The Narendra Modi government of the center has shocked the small investors. The government has reduced the interest rates paid on public provident fund (PPF) accounts, Kisan Vikas Patra (KVP) and National Savings Certificate (NSC) under the Small Savings Scheme.
Goods and Services Tax (GST) came into effect from July 1, 2017 throughout the country. President Pranab Mukherjee and PM Narendra Modi put GST in the country at just 12 o'clock by pressing the button.
Goods and services tax (GST), the bill has been a latest talk in India. Tonight it is going to be launched. GST has made many lose their sleep nights sleeps, but for consumers for at least three years is not going to cause any trouble.
Post GST implementation on 1st July, the Railways is also going to change their rules. This is going to give a lot of benefit to travelers. The way the railway is going to change the rules, it seems that it will make the passengers enjoy the journey more than before.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi approved the recommendations of the 7th CPC on allowances with some modifications. The revised rates of the allowances shall come into effect from 1st July, 2017
After GST arrives, your everyday needs will be a little expensive and a little cheaper. If you feel that inflation will go up too much then it will not be so. What will be the difference between your everyday life for the things you buy post the implementation of GST
GST is just a few days to launch, However Congress has pulled Bollywood superstar Amitabh Bachchan into a controversy related to this tax act. Sanjay Nirupam, the Mumbai Congress chief has slammed Bachchan for promoting GST.
The Hon’ble Supreme Court of India in its Landmark Judgement has upheld Section139AA of the Income Tax Act,1961 as constitutionally valid which required quoting of the Aadhaar number in applying for PAN as well as for filing of income tax returns.
There are 34 GSPs that have been selected by GSTN to provide additional channel of filing returns and other compliances related to GST. GSPs are expected to help large businesses with complex and varied internal processes.
A brand new note of 1 rupee will be available in the market soon with new features and color and design. Even after the introduction of this new note, the old notes present in the market will also be valid.
Taxpayers can go to http://www.incometaxindiaefiling.gov.in and click on the link on the Left Pane à Link Aadhaar, provide PAN, Aadhaar number and ENTER NAME EXACTLY AS GIVEN IN AADHAAR CARD (avoid spelling mistakes) and Submit.
Narendra Modi says, NITI Aayog is working on a 15 year long term vision, 7 year medium term strategy, and 3 year action agenda. He said this effort needs support of States, and will eventually reflect in benefits to States.
UIDAI has said that Aadhaar based authentication is robust and secure as compared to any other contemporary systems. Aadhaar system has the capability to inquire into any instance of misuse of biometrics and identity theft and initiate action.
Leading banks in India like The HDFC Bank, ICICI Bank and Axis Bank have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals after four free transactions in a month.
SARTTAC is a collaborative venture between the IMF, the member countries, and development partners. The center’s strategic goal is to help its member countries strengthen their institutional and human capacity to design and implement macroeconomic and financial policies that promote growth and reduce poverty.
The Centralised Processing Centre (CPC) of the Income Tax Department (ITD) at Bengluru has already processed over 4.19 crore Income Tax Returns (ITRs) and issued over 1.62 crore refunds during the current financial year up to 10th February, 2017.
The Department is encouraged to note that taxpayers have increased the cash deposit amount in nearly 90,000 accounts and provided details of additional 25,000 bank accounts in which cash was deposited.
A Task Force set-up under the Co-chairmanship of the Revenue Secretary and Corporate Affairs Secretary with members from various regulatory Ministries and Enforcement Agencies to monitor the actions taken against deviant shell companies by various agencies.
FICCI appreciates the Government for the passing Goods and Services Tax Bill, GST will help in increasing the productivity and transparency in the country by increasing the tax-GDP ratio. Further One-Country-One-Tax policy will be implemented in the greater interest of the national economy.
Reserve Bank partially restored status quo ante by removing the restrictions on cash withdrawals from Current / Cash credit / Overdraft accounts and ATMs effective January 31, 2017 and February 01, 2017
Latest data from the National Payments Corporation of India (NPCI), which has been executing the schemes, shows that Rs.117.4 crore has been disbursed as reward money to over 7.6 lakh consumers and merchants, as on February 7, 2017.
The Interest rates are determined by the banks with the approval of their respective Board of Directors subject to regulatory guidelines on interest rate on advances issued by RBI from time to time. However RBI does not keep information on the rate of commission charged.
Budget’s thrust on stimulating growth, relief to Middle Class, Affordable Housing, Curbing Black Money, promoting Digital Economy, transparency of Political Funding and simplification of Tax Administration
Atal Mission was launched in June, 2015 to ensure water supply connections to all urban households in 500 mission cities and improving sewerage and drainage networks, urban transport with focus on non-motorised transport like cycling and walking and development of parks and open spaces.
Expert international assistance will be harnessed to improve safety preparedness. The thorough put is expected to be raised by 10 percent. This will be done through modernization, upgradation of identified corridors.
Madam Speaker, I have outlined the Budget proposals under our overarching agenda: “Transform, Energise and Clean India”. Our emphasis will now be on implementing all these proposals for the benefit of the farmers, the poor and the underprivileged sections of our society.
Our Government was elected amidst huge expectations of the people. The underlying theme of countless expectations was good governance. The expectations included burning issues like inflation and price rise, corruption in day to day transactions and crony capitalism.
The Union Finance minister today broke the backbone of the political funding by making a major change in the political funding. now onwards the political parties while getting the one above Rs 2000 will have to make only through cheque or digital mode.
The Income Tax Department has identified 18 lakh taxpayers who will be served notices to seek explanation within 10 days. As per the tax officials, the transactions carried out by these taxpayers post demonetisation and were not in sync with earliar declarations. Is out of line.
There are around 950 Central Government schemes cost around 5 percent of GDP, so there can be like hood if not in the present but in the future after discussion and through planning UBI can be implemented
New estimates of labour migration in India have revealed that inter-state labor mobility is significantly higher than previous estimates. This was stated in the Economic Survey 2016-17 presented by the Finance Minister Shri Arun Jaitley in the Parliament today.
The Economic Survey 2016-17 states that the year was also marked by some tumultuous external developments. In the short-run, world GDP growth is expected to increase because of a fiscal stimulus in the United States but there are considerable risks. These include higher oil prices, and eruption of trade tensions from sharp currency movements, especially involving the Chinese yuan, and from geo-political factors.
In a notification dated on 30th January by the Reserve Bank of India, RBI removed the cash withdrawal limits from the ATMs effective from Wednesday i.e February 1, however this is valid only for the current accounts holders.
The Government would provide interest subsidy under the scheme. Interest subsidy would be available to every rural household who is not covered under the Pradhan Mantri Aawas Yojana (Grameen), PMAY(G).
The (VPBY) will be implemented through Life Insurance Corporation of India (LIC) in the current financial year, which will provide social security during old age and protect old aged people above 60 years from falling of the intrest rates on money due to uncertanies in market.
Earlier the Petrol Pumps association across India had said they will be using only cash as a made of transaction from Monday 8th onwards.The Center Government steps in, they have postponed their decision till January 13.