|GST Council increases cess on cigarettes||18 July 2017|
|Railways Minister dedicates country's first solar powered DEMU train to nation||15 July 2017|
|Union Government forms Directorate to flag high-risk areas in Customs, GST||14 July 2017|
The Scheme can be purchased offline as well as online through Life Insurance Corporation of India which has been given the sole privilege to operate this scheme.
The NTFAP aims to improve ease of doing business by improving investment climate through better infrastructure and doing away glitches that trouble businesses to perform well.
The cess was increased to make the total tax incidence on cigarettes in GST regime at par with the total tax incidence in pre-GST regime.
India’s first 1600 HP solar-powered DEMU train was launched from Safdarjung railway station. It will run from Sarai Rohilla in Delhi to Farukh Nagar in Haryana.
The Directorate General of Analytics and Risk Management will function under the Central Board of Excise and Customs (CBEC) for data analytics and risk management.
Denying the reports that GST@18% is levied on fees being charged for lodging hostels, the finance ministry said that there is no change in tax liability relating to education and related services in the GST era, except the reduction in tax rate on certain items of education.
TISC offers several services like access to online patent and non-patent resources and assistance in searching and retrieving technology information among others.
While launching the Aaykar Setu, Arun Jaitley stated that this e-initiative would help in reducing physical interface between assesses and tax assessing authorities and thereby minimizing the chances of any tax harassment.
The aviation industry had been asking for relief as it was facing a dual levy of 5 per cent at the time of import and another 5 per cent at the time of payment of lease rent.
The Legal Metrology (Packaged Commodities) Rules, 2011 was amended to make manufacturers to sell a packaged product at same price across all platforms.
Before, only State Bank of India was authorised to collect contributions from employers and make payment to employees.
The Registered Brand Name is defined as the brand name or trade name, which is registered under the Trade Marks Act, 1999.
The manufacturers, traders and importers have been given a time till 30 September 2017 to sell out the pre-GST goods, i.e., stock lying with them prior to 1 July 2017.
Products to be made available at 5% concessional GST rates includes Braille writers and braille writing instruments & Optical, Environmental Sensors among others.
In Goa, the Office of the Commissioner of Commercial Taxes has set up GST facilitation centres in ward offices across the state and at the department’s head office in Panaji.
The Syrian Central Bank has put into circulation a new 2,000 Syrian Lira ($3.9) banknote with the face of country’s current President Bashar Assad.
Busting certain common misconceptions and myths about the new indirect tax regime GST, Adhia reiterated that businesses can continue to do business under GST with provisional ID number and businesses need not wait for Goods and Services Taxpayer identification number (GSTIN).
MoUs were signed between various domestic and international organisations from industry and government; three of the MoUs signed are G2G MoUs.
With effect from 1 July 2017, GST is expected to completely transform the Indirect Taxation landscape in the country involving both the Central and State levies.
The Asian Development Bank (ADB) has committed USD 10 billion support for infrastructure building and immediate development needs of less-developed states in India.
After 1 July 2017, the linking will become mandatory and the Union Government will declare a date after which the PAN which is not linked to Aadhaar will become invalid.
The survey was designed to generate various estimates on the operational and economic characteristics of the unincorporated non-agricultural enterprises in industry sectors of manufacturing, trading and other services.
When the clock ticks 12 tonight, Prime Minister Narendra Modi will unveil the new tax regime unifying the country's USD 2 trillion economy and 1.3 billion people into a common market.
Arun Jaitely, Union Finance Minister, and Dharmendra Pradhan, Union Petroleum Minister, launched both the initiatives in a mega event in New Delhi.
The government in its notification says that it has shown a great deal of fiscal prudence and also addressed the genuine concerns of the employees and responded to some of the administrative exigencies necessitating the modifications.
The objective of the project is to improve predictability and transparency in budget execution and efficiency in tax administration in Assam.
India should split the seven units of state-controlled Coal India Ltd into independent companies to make it more competitive, the government's policy think-tank said on Tuesday in a draft of a new energy policy.
The new tax reform is a step is for the betterment of the economy will help in unifying more than a dozen of central and state levies into one.
The provision also prescribe the rate of interest for computing the income in case of failure to repatriate the excess money within the prescribed time limit.
Switzerland has ratified the automatic exchange of financial account information with India and 40 other jurisdictions to facilitate immediate sharing of details of suspected black money.