Splco emerging trend in bilingual online media
The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund had said . India if put its house properly then is likely to bounce back with an impressive 8.8 per cent growth rate in 2021, thus regaining the position Read More…
Dealers of unbranded food or drink (except star hotels recognised by the Tourism Department) are offered five per cent tax rebate. But while assessing the tax liabilities of Chocko Choza’s baked goods sold without any independent registered brand or mark, the assessing officer treated them as “branded goods” resulting in them losing the rebate. Read More…
Union health minister Harsh Vardhan said on Sunday that coronavirus vaccines for India would be procured centrally and that details of this would be public in the coming months. “The government is working round the clock to ensure fair and equitable distribution of vaccines once they are ready,” Vardhan said as he responded to Read More…
Though corona virus spread has increased and India become the world fastest cases per day in the global touching 6.4 million and ranks 2nd in the global list next to USA . But thanks to relax of lockdown and gross GST revenue collected in the month of September rose sequentially to Rs 95,480 crore from Read More…
In a report tabled in Parliament on Wednesday 23rd September, the Comptroller and Auditor General of India (CAG) has flagged the findings that the Indian Railways resorted to “window dressing” to show a surplus, instead of the loss incurred in the financial year 2018-19. The Indian Railways have accounted an advance freight amount of Read More…
Inside GST Input tax collection higher than the output tax paid tax Single issue , two High courts given two different orders raised confusions Contrary to a Gujarat High Court (HC) verdict, the Madras HC on Monday held Rule 89(5) inserted by the government under the CGST Act on restricting such input tax refunds Read More…
For the past 6 years Bjp led Modi government policies led India’s economy forecast to contract by 5.9 per cent in 2020, according to the UNCTAD report. UN report also gives warning that while growth will rebound next year, the contraction is likely to translate into a permanent income loss. The Trade and Read More…
Beginning Monday 21 September 2020 , importers need to furnish proof of 35 per cent value addition in goods from the country of origin to claim duty concession under free trade agreements (FTAs). According to the officials, just a certificate by the exporter would not suffice. It will be the importer’s responsibility to ensure Read More…
According to data provided by Minister of State for Finance Anurag Thakur in Lok Sabha : The net direct tax collection in April-August period of the current fiscal was 31.1 per cent lower on year-on-year (YoY) basis at over Rs 1.92 lakh crore During the same period of the last financial year, 2018-19, the Read More…
As Parliament passed the two contentious agricultural Bills on Sunday, former Finance Minister P Chidambaram asked the government how it will guarantee that farmers get the minimum support price (MSP) for their produce. “Agriculture Minister says that government will guarantee that the farmer will get MSP. Private trade takes place even today. The price Read More…
