The Centre on Thursday placed before the GST Council two options for borrowing by states to meet the shortfall in GST revenues, pegged at Rs 2.35 lakh crore in the current fiscal.
The top court reserved its verdict on a batch of pleas seeking a collegium-like system for the appointment of ECs and the Chief Election Commissioner and asked the parties to file written submission in five days.
Anil Kapoor and his wife Sunita invited the pretty ladies of Bollywood to their home to celebrate Karva Chauth.
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as the Covid-19 lockdown that shut most businesses compounded tax collection woes in an already sluggish economy. Goods and Services Tax (GST) mop-up in March recorded a 8.4 per cent decline over March 2019 collection of Rs 1.06 lakh crore. The collections were lower on account of dip in revenues from domestic transactions as well as imports.
If at all the series can be criticised, it would be for its all-Brahmin characters and keeping out the caste problems, the misogyny and the backwardness and ugliness of rural India, points out Deepa Gahlot.
Quite a few superstars are bringing their big releases to the big screen this month.
'This is about reviving this country as a centre of Hindutva at Ayodhya.'
Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar enabled payment.
'It is entering growth territory on a month-on-month basis.'
A special screening was held at Yash Raj studios, and quite a few film folk attended it.
The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
The opposition parties vehemently criticised the new 'one nation, one tax' system having four different rates instead of a single rate adopted in some countries including the UK and Singapore.
The 21st meeting of FSDC comes against the backdrop of the economy hitting a six-year low growth rate of 5 per cent in the first quarter of 2019-20. Even some of the macroeconomic data for the second quarter does not portray an encouraging picture of the economy.
Stars glitter at SRK's Diwali party!
After welcoming Lord Ganesha home, Arpita and Aayush Sharma threw the doors of their home open for their friends and family.
While the meetings on Friday were preliminary discussions, it is learnt that sectors like tourism; hospitality; aviation; micro, small and medium enterprises (MSMEs); and livestock have sought deferring loan repayments and temporary tax holidays in specific cases to help them tide over the steep fall in economic activity.
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The government is likely to file an appeal against the Cairn arbitration award contesting its sovereign rights to tax, sources said.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
Arpita Khan and Aayush Sharma sure know how to throw a party.
Jaitley said the GST Composition Scheme, under which small traders and businesses pay a 1 per cent tax based on turnover, can be availed by businesses with a turnover of Rs 1.5 crore, against the earlier Rs 1 crore, with effect from April 1.
A K Bhattacharya lists three reasons why Finance Minister Arun Jaitley will most likely present a full Budget on February 1, 2019.
IAMAI in a statement, which represents digital businesses in India, said Trai's recommendation to formulate standards of anonymisation and de-identification was akin to putting the cart before the horse, and till such time the Srikrishna Committee submits the report, making these standards would be like groping in the dark.
Producer Anand Pandit, who has made such films like Chehre, PM Narendra Modi, Total Dhamaal and Sarkar 3, hosted a Diwali party at his residence, and invited his filmi friends.
During a series of hectic talks between Cairn Energy and the Indian government over the $1.2-billion arbitration award in favour of the former last week, a slew of options was proposed by the two sides, including computation of capital gains and participation in the Vivad se Vishwas (VsV) dispute resolution scheme. The government is likely to go ahead and appeal against the arbitration award by a Permanent Court of Arbitration at The Hague before March 21, indicated finance ministry officials. Cairn Energy Plc on Sunday said it was hopeful that an acceptable solution to its tax dispute with the Indian government could be found to avoid prolonging and exacerbating the 'negative issue' for all parties.
His colleague and Law & IT Minister Ravi Shankar Prasad said the court has held that the purpose of issuing Aadhaar to all Indian citizens is legitimate and no surveillance is possible.
While Akshay gave the event a miss, his co-stars made sure to attend.
Quite a few light-hearted comedies are up for release, and Joginder Tuteja takes us through them.
Rajkummar Rao is solid in what we've come to recognise as strictly Ayushmann Khurrana territory, observes Sukanya Verma.
A 15 per cent corporate tax rate for services companies in SEZs, setting up a fund for deep-tech startups and establishing clusters to demonstrate design-to-manufacturing capabilities of tech firms were some of the key demands made by the IT sector at the pre-Budget consultation on Monday. The participants shared their views and suggestions regarding Big Data, incentives for encouraging setting up of data centres, fiscal incentives for data localisation, incentives for pushing digital penetration in rural areas, and corporate guarantee to startups for competing with other nations.
The GST rate on mobile phones will be hiked to 18 per cent while that on maintenance repair overhaul (MRO) services for aircraft will be lowered to 5 per cent with effect from April 1, Finance Minister Nirmala Sitharaman said on Saturday. The GST rate on handmade and machine-made matchsticks has been rationalised to 12 per cent from 5 per cent and 18 per cent respectively.
Shetty-Kundra's grand Diwali party!
The Aadhaar-enabled payment system, or AEPS, allows consumers who don't have smartphones or debit cards to perform basic banking transactions like cash deposit, cash withdrawal, intrabank or interbank fund transfer, balance enquiry and obtaining a mini statement through biometric authentication at micro-ATMs.
Sitharaman further said that to mitigate genuine difficulties of start-ups and their investors, government has decided to withdraw angel tax provisions for them.
The new tax rates will come into effect from January 1, 2019.
The Supreme Court on Friday agreed to "consider" a plea for an independent probe into the killings of top Maoist leader Cherukuri Rajkumar alias Azad and scribe Hemchandra Pandey in an allegedly staged gun battle by the Andhra Pradesh police, who were given clean chit by the Central Bureau of Investigation.
'If you sit collar turned up and tell yourself, you are great, you will never evolve as an actor.'
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
A look at the wedding pictures.
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