The clarification comes amid reports that sweet shops have discontinued chocolate barfis and chocolate sandesh.
The window for registration is open up to September 30
Increase in surcharge will adversely impact fund managers planning to shift to India. As a matter of fact several fund professionals based in India could also relocate to other jurisdictions, resulting in a brain drain.
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
The regulator last week reached out to custodians for beneficial ownership information of investors coming from China, Hong Kong, and 11 other countries.
'Wine is an indicator of the quality of life,' says Alok Chandra.
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
Between 2012 and 2013, smartphone ownership increased sharply (up 20 per cent), while tablet ownership increased dramatically (up 125 per cent) in the UK, the research found.
The total revenue earned by central government and state governments after regular settlement in December was Rs 43,851 crore for CGST and Rs 46,252 crore for SGST.
Many millennials believe that they have enough time to plan for long-term goals, hence they do not worry about goals such as retirement.
The government is looking to plug loopholes in the Indian customs law provision that allows tax exemptions for gifts up to Rs 5,000 and trade samples up to Rs 10,000 sent to India from abroad.
Experts, however, said that it is a very nominal benefit to the salaried class.
More and more CSR is being defined by how a company runs its operations and makes its profits; and just firms donating money to charities.
From auto, refrigerator, and mobile handset makers to real estate firms, companies are tying up with banks to dole out attractive finance schemes and discounts to make buying more affordable.
Despite a steady collection rate, the government faces a steep Budget target of Rs 6.1 trillion for CGST for 2019-20.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
The Centre has projected reining in its fiscal deficit at 3.3 per cent of GDP in FY19.
Politicians appeal to key groups of voters like farmers or the poor by keeping prices low and ignoring theft, prompting scepticism about whether states will agree to any package that forces tariff hikes.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
Rationalisation of rates will be taken up for smaller items that do not have major revenue implications but are commonly consumed at the GST Council meet on Saturday
From 100% tax deductions for contributions to PM-CARES fund to extending the due date for linking Aadhar and PAN card, the government has provided various tax relief and extensions in deadlines for statutory compliances, says Homi Mistry.
'There's a huge need for advancements in current security incident logging and monitoring practices.'
The move will help address apprehensions as well as potential disputes on various computational and transitional issues such as the loss of input credits and pricing that were bound to arise on account of the change.
News of all that's transpired on and off the football field.
With the United States adopting protectionist policies and hiking import duties, a trade war like situation has emerged.
National Anti-profiteering Authority to be set up for ensuring that customers get the benefit of GST
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
'Significant reductions in the compliance obligations mean businesses earlier struggling to comply will now have enough time to prepare and comply within the extended timelines.'
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
Sections in the draft Personal Data Protection Bill are a blatant violation of the Right to Privacy as guaranteed by the Constitution.
What matters is the culture and the atmosphere of the workplace, and whether employees get treated fairly. 'It is also important for the employee to feel s/he is part of a winning team,' Credit Suisse's Mickey Doshi tells Niraj Bhatt.
Proposals from the Centre's side include raising the 5 per cent slab to anywhere between 6 and 8 per cent, and doing away with the 12 per cent slab. A few states may oppose such a move because it involves hiking tax on items consumed by the poor. They have instead proposed raising the 18 per cent slab.
Additional solicitor-general says extra-neutral alcohol liable to new tax
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
While the Centre is criticised for not cutting excise duty on petroleum products, it is the states which gain more from the rise in their prices
Agriculture implements that are currently taxed up to 18 per cent may come under the 12 per cent or the 5 per cent bracket.
No mention of cab aggregators in GST bills
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
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