GST refunds, unless expedited, would be an additional dampener for exporters to sail through in 2018-19 and sustain the almost double-digit growth achieved in the last fiscal.
The agency in a late night operation on February 2, had arrested two superintendents of the department, one personal staff and 5 private individuals, including the owner of Shishu Soaps, in a late-night operation in Kanpur and Delhi.
Electronic way or e-way bill for inter-state movement of goods was launched on April 1, with Karnataka being the sole state to start intra-state e-way bill on the same day.
In 1989, the year theatre activist Safdar Hashmi was fatally attacked during a street theatre performance in Delhi, his birthday, April 12, was observed as National Street Theatre Day. The Sahmat grounds spilled over with students and audience members of all ages to mark the 30th National Street Theatre Day.
Also, the non-tax revenues which states generate on their own are expected to rise at a much faster 18.7 per cent in 2018-19 compared with an increase of 9.2 per cent in 2017-18.
Instructs officials to submit reports within 3 days of intercepting conveyances.
In the industry’s court, Mittal said, doing business ethically and transparently was an important objective.
The five states which would form part of the first phase are Andhra Pradesh, Telangana, Gujarat, Kerala and Uttar Pradesh while Karnataka is the only state which had rolled out e-way bill system for intra-state movement of goods from April 1.
The economy grew 6.6 per cent in the last fiscal as it battled the lingering effects of demonetisation in 2016, businesses adjusting to Goods and Services Tax (GST) in 2017, and a subdued agriculture.
The Finance Ministry has written to the Railway Board on March 31 about the 5 per cent rate to remove any doubt or uncertainty in the matter.
Fiscal deficit for April-February had soared to Rs 7.15 lakh crore, which was 120 per cent of the revised estimate for the year.
In a clarification, the finance ministry said that the validity period of e-way bill will start only after the details in Part-B of Form GST EWB-01 are updated by the transporter for the first time.
Out of the total Rs 12,639 crore sanctioned to exporters, Rs 7,632 crore is on account of payment of Integrated GST (IGST) on exports under the GST regime, while the rest of the amount of Rs 5,007 crore has been cleared as refunds for input tax credit.
“Alcoholic drinks are outside the purview of GST. However, some lounges have adopted the modus operandi of charging GST on alcoholic drinks also and not paying that to government exchequer,” said a statement issued by DGGI Pune.
“If you do a five layered GST, you will not have GST, you will have a Gabbar Singh Tax.What it means is there will be extortion and there will be a lot of mischief to decide which bracket what product should go,” Gandhi said