The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
Years of wait before DTC, GST are rolled out
The government will find it difficult to pass the Bill without the Congress's help
Some also demanded empowering of local bodies.
The government on Wednesday decided not to hold special session of Parliament to pass the constitution amendment bill for rolling out Goods and Services Tax and will recommend to the President to prorogue the Monsoon Session.
Before leaving for Mumbai on Tuesday, Parrikar held a series of meetings, including one with senior state ministers.
For the first time in his political career, he failed to carry his party to even a working majority -- and again, for the first time in his career, he finds himself in a situation where he cannot rule by dictatorial fiat, points out Prem Panicker.
It should be noted that the CPC allocation is provisional.
Offering an olive branch to the Opposition to get the GST bill passed, Finance Minister Arun Jaitley on Thursday said that Prime Minister Narendra Modi is willing to speak to everyone to get the landmark indirect tax law through.
Apart from them, Chidambaram's wife -- Nalini -- has been chargesheeted by the CBI in the Saradha chit-fund scam for allegedly accepting a bribe of Rs 1.4 crore.
When Finance Minister Pranab Mukherjee entered the Committee Room in North Block for the empowered group of ministers' meeting on fuel price hike on Monday, he found Communications Minister A Raja already sitting there.
Apart from the much-reported constitutional and political hurdles on a national Goods and Services Tax (GST), there is another basic one. Barely half of dealers in the country have a Permanent Account Number (PAN) from the tax department.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
Special Judge O P Saini issued notice to the agency and sought its response by October 8.
Delivering the key mote address at the Citi's Investor Summit, Jaitley hoped that as a professional organisation the Reserve Bank will take 'the best decision'.
Simpler GST structure will be key poll plank, Congress sources tell Archis Mohan.
States' demand of compensation from Centre for loss of tax revenue not on agenda.
In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax
'While the GST is structured to be an all-encompassing tax and to create a vastly expanded digital network of recorded transactions, no one knows how traders long used to avoiding taxes will apply their ingenuity,' says T N Ninan.
Many defaults banks have been seen pertain to sectors like steel, infrastructure and power.
Prime Minister Narendra Modi's leash on foreign junkets of his ministers and bureaucrats seems to have trickled down to states as well.
Last week, a Rajya Sabha committee had allocated five hours for discussion on GST.
The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
The government on Friday gave wide-ranging legislative powers to the Reserve Bank of India to issue directions to lenders to initiate insolvency proceedings for the recovery of bad loans.
There is much work to be done to design a good GST.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
A minimum levy of 12 per cent GST on tea will increase the cost, which will ultimately be passed on to consumers.
Common items between Centre and states - bread, eggs, milk, vegetables, cereals, books and salt - will continue to be exempted.
Finance Minister Arun Jaitley appealed to parties to rise above partisan considerations to support it.
Chidambaram and his son Karti Chidambaram were named in the chargesheet filed by the CBI in the case on July 19.
Operationalising the ban is being fleshed out: it will entail which cryptocurrencies will be banned and how.
Fiscal federalism should not be sacrificed at the altar of GST.
The GST Council's agenda includes trimming the number of items in the 28 per cent slab by 75 per cent, easier compliance for assessees and small taxpayers, and a presentation on bringing real estate under GST.
Preparing legal framework to protect states from revenue loss.
Here's everything you need to know about the Goods and Services Tax Bill.
States' demand for 5 years and Constitutional provision ruled out
Political observers say Banerjee is fast emerging as the face of the Opposition and would be a force to reckon with in the next general elections in 2019.
An area of worry relates to simplification of the refund procedure where the inverted duty structure prevails
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