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GST collections at Rs 92,150 cr in Sept

GST collections at Rs 92,150 cr in Sept

GST collections: The government has collected Rs 92,150 crore as Goods and Services Tax (GST) in September from 42.91 lakh businesses, the finance ministry said today. Of this, Rs 14,042 crore is on account of Central GST, while State GST is to the tune of Rs 21,172 crore.Integrated GST collections stood at Rs 48,948 crore,

RBI refuses to share details on clean India mission logo on new currency notes

RBI refuses to share details on clean India mission logo on new currency notes

clean India mission logo on new currency notes: The Reserve Bank of India (RBI) has refused to share details of a decision to put the logo of Prime Minister Narendra Modi’s pet project ‘clean India mission’ on the new Rs 500 and Rs 2,000 currency notes, citing security concerns among other reasons. Replying to an

Housing loans subsidy for MIG extended till March 2019

Housing loans subsidy for MIG extended till March 2019

Housing loans subsidy for middle income group extended till March 2019. Recently, the Central Government has decided to extend subsidy of Rs 2.60 lakh on the home loan for the middle income Group (MIG) up to March 2019 under the NDA government’s flagship ‘Housing for all’ programme.Earlier, the expiry of this plan was in December

Keep an eye on Benami property and get rewarded

Keep an eye on Benami property and get rewarded

Keep an eye on Benami property and get rewarded. If you want to be a millionaire, start keeping an eye on your neighbor’s house. You just need to inform the government regarding any illegal transaction of property by your neighbor. The government, which is preparing for a major action against illegal property, could make a

Centre set to introduce Rs 100 coins soon

Centre set to introduce Rs 100 coins soon

Centre set to introduce Rs 100 coins soon. The government is soon going to give a new gift to the people. Yes! Now after the release of a new note of Rs 200, the government has made yet another big decision.   The government will soon issue a coin of 100 rupees. Finance Ministry issued

Finance Ministry dismisses penalty levied for late filing of GSTR 3B for July

Finance Ministry dismisses penalty levied for late filing of GSTR 3B for July

Finance Ministry dismisses penalty levied for late filing of GSTR 3B for

Finance Ministry dismisses penalty levied for late filing of GSTR 3B for July

Finance Ministry dismisses penalty levied for late filing of GSTR 3B for July

Finance Ministry dismisses penalty levied for late filing of GSTR 3B for July. The Ministry of Finance on Saturday notified that penalties chargeable on delays in filing the GSTR 3B for the month of July will be waived off.     However, the interest applicable on late payment of the tax liability will be charged,

All tax payers should file return in time: CBDT

All tax payers should file return in time: CBDT

There is no plan to move forward on the last date of filing income tax return (ITR). CBDT said that all taxpayers should pay tax on time. There is no idea of ​​any changes in its last date. People have to pay tax return by July 31. It is mentionable here that some Business organizations

Gold prices set to fall

Gold prices set to fall

While giving information, the Commerce Ministry official said on Thursday that the Union government could decide to reduce the import duty on gold. Reduction of import duty on gold will reduce prices in local markets and demand may increase.Since last 6 weeks, gold prices have been running at their peak level. After a slight decline in prices

Government notifies Goods and Services Tax Identification Number rules

Government notifies GST Identification Number rules. New Delhi, July 1 (IANS) The government has notified the rules related to Registration and Composition Scheme of Goods and Services Tax Identification Number (GSTIN) that came into effect from June 22, 2017. The intent of notifying these rules is to start the process of issue of registration certificate,

Muktsar textile merchants protest against central government on GST

Muktsar textile merchants protest central government GST. Cloth merchants comes out on streets in the protest against central government in Giddarbaha, Muktsar on their decision to impliment GST in the country from July 1. Textile association not only shut their work but also protest against the government in the city market.In this regard, Madan Lal

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NPA norms welcome, will force decisions: Shikha

Axis Bank MD and CEO Shikha Sharma welcomed changes in NPA resolution as moves that will “force” decisions by cutting layers, and also said the bank is looking for one more life insurance distribution tie-up. “There are layers of process (in resolution). What the ordinance is doing is that it is cutting that layer off

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Jaitley invites Japanese firms to manufacture in India

Finance Minister Arun Jaitley has invited Japanese companies to set up manufacturing facilities in India to produce ‘rolling stock’ for Metro rail projects.The invitation to set up the manufacturing facilities was extended by Jaitley during a bilateral meeting with Japanese Finance Minister Taro Aso in Yokohama. The minister is on a three-day visit to Japan

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Create SAFs to revive NPAs: Assocham

A leading industry body on Sunday advocated the formation of ‘Stressed Assets Funds’ (SAFs) to revive non-performing assets (NPAs) in the banking system.The formation of SAFs will complement the recent steps taken by the government and the Reserve Bank of India (RBI) to tackle stressed assets, the Associated Chambers of Commerce of India (Assocham) said

Cash withdrawal cap may not be necessary from Jan 1: Minister of State for Finance

New Delhi: The cap on cash withdrawal may not be necessary from January 1, as 250-300 million currency notes were being printed on a daily basis, Minister of State for Finance Santosh Gangwar has said. “I have been told that 25-30 crore notes are being printed on a daily basis. Continuing with the withdrawal cap

Finance Ministry spikes Gadkari’s greening highways initiative

New Delhi: In a blow to the Green Highways Policy of Road Transport Minister Nitin Gadkari, the Finance Ministry has rejected his proposal which mandates that developers invest 1 per cent of their total project cost in a corpus fund for roadside plantations. The fund was expected to hold up to Rs.1,000 crore per year