E-way bill generation, which is related to paying Goods and Services Tax (GST) and a key high-frequency indicator of economic activity, may have fallen to a five-month low in April as more cities experience lockdowns due to a surge in Covid-19 cases. In April e-way bill generation may decline to 55-58 million, which is the lowest since at least November. On the higher side, it is a 17 per cent decline over March.
Spurred by Chirag Jani's a five-wicket haul, defending champions Saurashtra scripted their first knockout win of the season with a 238-run thrashing of Vidarbha on the third day of their Ranji Trophy Elite Group A match in Nagpur on Sunday.
Roundup for Ranji Trophy matches played on Friday
The instruction is that audit of large units be completed within seven working days, of medium units in five working days and of small ones in three.
Officers across departments and ministries have been asked to speak to people across sectors for 'SWOT' analysis of issues for revival of the economy.
As one moves towards Vadnagar, local issues such as high prices of cattle feed and inflation becomes louder.
The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so
With Goods and Services Tax (GST) officers under pressure to exceed the Rs 1-trillion collection mark per month, industry has faced a barrage of recovery notices and summons issued over the last one month across sectors, according to company executives. Industry bodies have claimed harassment by field officers, blocking of input tax credit, cancellation of GST registration, threats of arrest and steep penalties, impacting their working capital and operations. Company executives pointed at an atmosphere of apprehension and fear due to such notices and summons.
A record GST tax collection, an overhaul of the income tax return filing portal and the landmark move to scrap retrospective taxation have set the stage for the next level of reforms in tax administration that include bringing a framework for cryptocurrencies and rationalising the GST rate structure. With tax reforms such as faceless assessment taking roots, 2021 will go down as the year that pivoted the tax administration in a country aspiring to become the world's favourite investment destination. The task ahead is going to be a tough one as the tax department would grapple with taxing cryptocurrencies, rationalising Goods and Services Tax (GST) rates to shore up revenues and post June 2022, the scenario of how the GST revenue plays out for states without the Centre's support of compensation.
The I-T department issued a circular allowing manual filing of Form 15CA/15CB (required for foreign remittances) with banks till June 30, so that business transactions may go on. The forms will be uploaded online on the e-filing portal later, it added.
The 41st meeting of the GST Council, to be held via video conferencing, has just one agenda for discussion -- making up for shortfall in states' revenues, sources said.
The scheme offers waiver of interest, penalty, and prosecution for settling tax disputes.
Senior batter Manoj Tiwary combined with the young Sudip Kumar Gharami to steer Bengal to a hardfought seven-wicket win against Baroda to climb to the top of Group A in the Ranji Trophy.
Experts said the rate hike would improve working capital position of the manufactures as it would correct the inverted duty structure but may lead to increase in price of the finished goods.
A round-up of Day 4 of the Ranji Trophy quarter-finals on Friday.
Unheralded Mohan Bhardwaj also shared the limelight as he stunned reigning World champion Nico Wiener en route to winning a dream World Cup individual silver medal as Indian compound archers outshone their much-fancied recurve teammates.
Congress MP Shashi Tharoor was questioned by the Special Investigation Team on Thursday for the second time in the last four weeks on the Indian Premier League controversy as also various aspects leading to the mysterious death of his wife Sunanda Pushkar.
Electricity has also been kept out of the GST ambit.
Shashi Tharoor on Friday appeared for the third time in two days before the SIT.
The Centre is against giving any shock in the first year of the rollout by bringing in new services.
A round-up of Ranji matches played on Thursday.
Bollywood gets together for a special screening.
No more countdowns, no more artistes - television's music channels have rescinded their niche for non-music reality shows.
Realising, that there was a ground swell of anger against several lower level TMC leaders who were often accused of petty corruption in execution of public welfare schemes, Kishor designed the 'Didi Ke Bolo' (Tell Didi) campaign under which citizens could directly approach Chief Minister Mamata Banerjee with their grievances.
Just once in a while comes along a film where the characters have the strangest names.
Abhishek Verma and Jyothi Surekha Vennam claimed the top honours in compound mixed pair event to fetch India's only gold medal at the 21st Asian Archery Championships.
A look at this week's hits and misses.
A look at the hits and misses of the week.
A look at the week's hits and misses.
Instead of wasting your breath on badly recycled versions of beloved classics, listen to Sukanya Verma's pick of 15 under-rated Bollywood numbers.
Sukanya Verma lists her top 15 songs of the year.
A look at the awards night.
In a politically-significant move, Prime Minister Narendra Modi has reconstituted a government committee on commemoration of the 125th birth anniversary of Jawaharlal Nehru which will be headed by him, replacing his predecessor Manmohan Singh.
Aseem Chhabra picks the finest Indian films in the 2010-2019 decade.
A round-up of Ranji matches played on Wednesday
A round-up of Ranji matches played on Monday.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances