With 19 border polling stations along the Line of Control in Rajouri and Poonch, a contingency plan has been worked out to deal with cross-border shelling though chances are negligible given the ongoing ceasefire between India and Pakistan that came into effect in February 2021, officials said.
The levy will be 10%, with an abatement of 50%, effectively bringing down the service tax levy to 5% on the tariff.
The Securities and Exchange Board of India proposes to levy fee on stock exchanges.
The aviation regulator slapped fines amounting to Rs 2.75 crore on Indian airlines in 2023, marking a 39 per cent rise in financial penalties from Rs 1.97 crore in 2022. The Directorate General of Civil Aviation (DGCA) said it imposed fines on domestic carriers such as Air India, IndiGo, AirAsia India and SpiceJet for issues related to non-compliance in 2023. The regulator also carried out a record number of 5,745 surveillance activities in the year to ensure compliance by airlines, aerodrome operators, and aviation personnel among others.
The move, first announced in March 2014, is expected to generate net annualised cost savings of $175-200 million once fully implemented.
The Reserve Bank of India has stated that banks cannot levy charges on paper-based transactions.
The Union Cabinet on Wednesday approved changes to GST laws to levy a 28 per cent tax on the full face value of bets in online gaming, casinos and horse race clubs, sources said. The amendments to the Central GST (CGST) and Integrated GST (IGST) acts, which were approved by the GST Council last week, are likely to be introduced in the ongoing monsoon session of Parliament, which will end on August 11. The GST Council in its 51st meeting on August 2 recommended amendments to the Schedule III of the CGST Act, 2017, to provide clarity on the taxation of supplies in casinos, horse racing and online gaming.
FM had proposed an enabling provision to levy cess at 2%
Levi Strauss (India) Pvt Ltd, the wholly owned subsidiary of jeans manufacturer Levi Strauss & Co, San Francisco, is planning to have 200 exclusive outlets throughout the country for its newly launched 'Signature' brand of jeans.
Protesting against imposition of levy on roaming calls to be paid to state owned BSNL as announced by TRAI, cellular operators have challenged the order in TDSAT saying "the order is arbitrary and anti-consumer."
Google on Tuesday began reinstating about 250 Indian apps it had delisted from its Play Store over a billing dispute as it caved in to government criticism, but the squabble may not yet be over.
The Reserve Bank on Monday barred IIFL Finance Ltd from disbursing gold loans, with immediate effect following multiple supervisory concerns, including serious deviations in assaying and certifying the purity of the yellow metal. A leading financial services provider, IIFL Finance offers a range of loans and mortgages. The latest directions from the Reserve Bank of India (RBI) pertain to only the gold loan business.
The Competition Commission of India (CCI) on Wednesday declined an interim relief order that would restrain Google from levying service fees on app developers until a final decision is made by the regulator. The CCI also said the Director General (DG) would continue its investigation as ordered by the commission in its March 15 order. "The Commission is of the considered opinion that no case whatsoever has been made out by the informants which warrant the grant of interim relief. Resultantly, the applications stand dismissed," said the CCI while rejecting the plea by app developers in its order.
This is the first instance of AAI-run airports charging fee.
PNGRB, the oil regulator, which as per its enacting legislation has powers to levy fee, has levied a minimum tax of Rs 2 crore per annum on turnover that companies like GAIL and Reliance Industries earn from selling CNG to automobiles and piped natural gas to households and industries.
Levi Strauss & Co. said it was looking at doubling its revenues in the next three years and would set up more manufacturing bases to meet the growing demand.
South African T20 sensation Richard Levi was signed by Mumbai Indians as a replacement for former Australian batsman Andrew Symonds, for the fifth edition of Indian Premier League 2012.
The Securities Appellate Tribunal (SAT) on Thursday quashed the markets regulator Sebi's order imposing a fine of Rs 7 crore on the National Stock Exchange (NSE) in the dark-fibre case. Additionally, the tribunal has set aside a fine of Rs 5 crore levied by Sebi on the exchange's former official Anand Subramanian. Further, it has partly set aside the regulator's order against former MD and CEO of NSE Chitra Ramkrishna, ex-official Ravi Varanasi and a few stock brokers, among others.
The government may levy a cess on domestically produced natural gas to fund construction of gas pipeline network, Petroleum Secretary R S Pandey said on Wednesday.
South African opener Richard Levi who scored the fastest century in the history of T20 International during his knock 117 off 51 balls against New Zealand has made the IPL franchises owners sit up and take notice after being ignored at auctions in Bangalore, earlier this month.
Opening batsman Richard Levi took advantage of the small boundaries at Seddon Park to blast a world record 13 sixes and guide South Africa to an eight wicket win over New Zealand to level their Twenty20 series in Hamilton on Sunday.
Any business that makes inter-state supply is outside the ambit of the scheme
The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. The government has slashed the special additional excise duty (SAED) on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) to nil from Rs 4,100 per tonne with effect from Tuesday, an official order dated May 15 said. This is the second time that the levy, which was introduced in July last year in the form of a cess to tax supernormal gains of oil producers and fuel exporters, has been cut to nil for domestically-produced oil.
Maruti Suzuki chairman RC Bhargava has said that reducing carbon emissions does not require making a choice between hybrid and electric cars, and that both can play key and complementary roles if the government wants to achieve its aggressive emissions target. Responding to the fact that the sales numbers of hybrid cars have been higher than electric cars in the last quarter of 2024, Bhargava pointed out: "It has never been about electric versus hybrid. "Both have a clear role to play. By 2030 we expect electric car penetration to be around 20 per cent.
One per cent TDS will apply on non-agriculture immovable property of over Rs 50 lakh on the basis of sale price or the stamp duty value, which ever is higher, after an amendment in the Income Tax Act.
The Zone Of Interest is technically flawless but lacks emotional pull, observes Mayur Sanap.
Being a young country, it's kinda obvious that a lot of advertisements would have young Indians as their target audience. These two ads however, we felt, stood out amongst the rest.
Being a young country, it's kinda obvious that a lot of advertisements would have young Indians as their target audience. These two ads however, we felt, stood out amongst the rest.
Being a young country, it's kinda obvious that a lot of advertisements would have young Indians as their target audience. These two ads however, we felt, stood out amongst the rest.
The fare will be cheaper as it will be capped at Rs 2,500 per passenger.
Detailed order, to be passed on Monday, will consider green tribunal's decisions
The Supreme Court on Tuesday stayed the operation of a Delhi high court order holding as "unconstitutional" the imposition of the Integrated Goods and Services Tax (IGST) by the Centre on import of oxygen concentrators by individuals for personal use. A special bench of Justices D Y Chandrachud and M R Shah issued notice on the plea and sought response from the petitioner, who filed a PIL before the high court.
Maharashtra is considering imposition of betterment charge and service tax on developers of residential and commercial complexes adjacent to the mega-infrastructure projects lined up in Mumbai.
While recalling the order, the bench agreed to the contention of the law officer that there was a "breach of principle of natural justice" as the government department was not accorded the hearing.
'If petro products are brought into GST, then there will be minor impact on the incidence of tax... and minor impact on prices. The price of petrol, diesel will continue to be driven by global factors'
The government has cut windfall profit tax on export of diesel and ATF to their lowest while also reducing the levy on domestically-produced crude in line with softening international oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said. Crude oil pumped out of the ground and from below the seabed is refined and converted into fuels like petrol, diesel and aviation turbine fuel (ATF).
'We need a candidate who will do our work and fight with the authorities; someone we can hold accountable.' 'Piyush Goyal is not that candidate.'
The move can help mop up about Rs 1.2 lakh every day for the purpose.
96 per cent is being collected through TDS, advance tax, self-assessment tax, and other receipts.
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