Aanchal Magazine


40 per cent hike in gems, jewellery imports raises concerns
Wed, Apr 25, 2018

The Indian Express has learnt that the Directorate General of Foreign Trade (DGFT) is studying these statistics in detail to prepare a report for commerce ministry.

After e-mail, tax dept saves Rs 977 crore in five years on postage cost
Mon, Apr 23, 2018

According to Finance Ministry data, the tax department saved Rs 212.27 crore on postage cost in 2017-18 (till December 31), more than double the Rs 98.45 crore it saved in 2013-14, and about 20 per cent higher than the previous financial year.

Despite no past data, GSTN fully prepared for intra-state e-way bills: CEO Prakash Kumar
Mon, Apr 09, 2018

The system is designed based on law. The government has incorporated many of the suggestions made by stakeholders in the law and those have also been incorporated in the system, says Prakash.

DRI seizes smuggled gold worth Rs 4 crore
Fri, Apr 06, 2018

The arrested men had travelled to Bongaigaon in Assam, where they are believed to have been handed over the gold biscuits, the officials said.

First order on GST anti-profiteering: NAA says car dealer complied with norms
Thu, Apr 05, 2018

Section 171 of the CGST Act provides that any reduction in the rate of tax on supply of goods or services, or the benefit of input tax credit, shall be passed on to the recipient (consumer) by way of a commensurate reduction in prices.

CBIC sanctions Rs 12,639 crore GST refund to exporters
Sat, Mar 31, 2018

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.

E-way bill mandatory from April 1: Karnataka only state to notify inter, intra-state movement
Sat, Mar 31, 2018

The simultaneous rollout of e-way bill for both intra-state and inter-state movement of goods is critical in the context that the last time the e-way bill system was rolled out on February 1, the portal is believed to have crashed.

Simply Put: Why new fixed-term job rules are drawing praise, concern
Fri, Mar 30, 2018

The move is expected to promote ‘ease of doing business’, as it reduces the role of middlemen and allows companies to hire workers based on seasonal trends.

Time needed for software development depends on changes required: GSTN CEO Prakash Kumar
Thu, Mar 29, 2018

There are going to be more deliberations about the proposed returns simplification and some more state finance ministers may join the process to have a “considered view” on the matter, Kumar said.

In wake of PNB fraud, govt hits back at RBI Governor Urjit Patel: Independence is what you do
Tue, Mar 27, 2018

CEA Arvind Subramanian’s statement comes days after RBI Governor Urjit Patel pointed at the central bank’s helplessness in dealing with public sector banks due to constraints of inadequate legal powers to supervise and manage them.

Industrial Employment (Standing Orders) Central Rules, 1946: Amendment eases hire-and-fire, to reduce middleman role
Tue, Mar 20, 2018

While presenting the Union Budget for 2018-19, Finance Minister Arun Jaitley had said that the facility of fixed term employment will be extended to all sectors.

Probe Rs 36,192 crore mismatch, CBEC tells field officers
Sat, Mar 17, 2018

Data analysis carried out by the GST authorities has revealed that an excess claim of Rs 10,249 crore for input tax credit has been filed against payment of IGST and compensation cess on imports by 6,247 taxpayers, the missive stated.

Tax authorities working on list of suspected evaders on zonal basis
Fri, Mar 02, 2018

Officials on Wednesday arrested two people for being allegedly involved in fake invoicing

Why, in attack on ‘100 per cent tax’ on Harleys, Donald Trump may be barking up the wrong tree
Wed, Feb 28, 2018

Nearly all of the iconic motorcycles arrive in India in parts, and are assembled here. What the company will probably be more worried is a Budget proposal to raise import duties on these so-called CKD kits.

Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
Tue, Feb 27, 2018

Genuine mistakes can be sorted out by discussion, but no place for deliberate evasion: CBEC chief

IGST payout: Govt refunds Rs 4,000 crore to exporters; asks them to clear mismatch issues
Sat, Feb 24, 2018

Incomplete details, mismatch errors creating hurdle in processing remaining refund: CBEC chief

EPFO cuts interest rate to five-year low, to pay 8.55% on deposits
Thu, Feb 22, 2018

EPFO interest rate: For the previous year, EPFO paid an interest rate of 8.65 per cent. The year before, it paid 8.8 per cent and 8.75 per cent in 2013-15. In 2012-13, it paid an interest rate of 8.5 per cent.

PNB fraud: Make an example of these people, says Arun Jaitley; questions role of auditors
Wed, Feb 21, 2018

Jaitley said additional mechanisms have to be put in place by supervisory agencies to ensure that stray cases are nipped in the bud so that they “don’t become a pattern again”.

From insurance to farm: Policy tweaks dilute govt’s initial resolve
Tue, Feb 20, 2018

The govt’s continued policy interventions across various sectors go against its initial promise of “Minimum Government, Maximum Governance”.

Meeting with GSTN officials: Industry for quarterly returns, fungibility of cash balance
Sun, Feb 18, 2018

Committee on GST returns simplification to submit report by end of the month