Finance Ministry orders 28% DA hike from 1 July

At present, the government employees are getting a 17% Dearness Allowance (DA). The Finance Ministry has issued an order to implement the Cabinet decision to hike Dearness Allowance (DA) for central government employees to 28 per cent from July 1. Last week, the Union Cabinet had approved an 11 percent hike in Dearness Allowance (DA) and Dearness …

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What is Market? Concepts, Meaning & Features of Market

market, marketing, what is market

Introduction Our country, with a population of over 125 crores is one of the biggest markets in the world. Our economy, based on the socialist pattern of growth and development, has moved away from License Raj and a centrally controlled system to a free economy. These reforms in the form of liberalization, deregulation, relaxation of …

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Epass online | Who needs it and how to apply for E-pass?

Epass online, covid epass required for

In view of this, the government has released guidelines around exemption from restrictions by applying for Epass online. While some categories of people will be able to move to the city on basis of their ID card, others involved in the essential services will need an e-pass. Epass can be applied for till 10th May …

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GST Latest Notifications: GSTR-1 and 3B can be filed through EVC

gst, covid relief

In the GST latest Notifications, the government has allowed businesses to verify through electronic verification code monthly GST returns filed till May 31. In a GST latest notifications, the Central Board of Indirect Taxes and Customs (CBIC) said any registered person during the period from April 21, 2021, to May 31, 2021, will be allowed …

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GST compliance Burden on MSMEs by Digitisation

gst, gst compliance on MSME, MSME

Small and medium-sized businesses make significant contributions to the GDP and employment generation in the country. Therefore, it is important that their health and growth are nurtured equally. However, MSMEs have been experiencing an increasing burden of compliance under GST. In a country like India, most small businesses are unable to quote a price on …

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Delhi High Court warns, will ‘hang’ for obstructing oxygen supplies

COVID 19

With many hospitals in the national capital expressing urgent need amid dire shortage of oxygen for serious COVID patients, the Delhi High Court warns on Saturday, that it will not hesitate to “hang” anyone who is found obstructing oxygen supplies. “We will not spare anyone,” a bench of Justice Vipin Sanghi and Justice Rekha Palli …

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Custom on Remdesivir India Waived!

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The government has waived Custom on Remdesivir, Beta Cyclodextrin (SBEBCD) used in the manufacture of Remdesivir as well as Remdesivir injections. The Centre on Tuesday has waived Custom on Remdesivir Remdesivir, its raw materials, and other components used to make the antiviral drug until 31 October amid a surge in COVID-19 cases in the country. …

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GST on Milk | GST on Flavoured Milk

Gujarat AAR GST, GST, GST AAR

Flavored milk has found different flavors with different Authorities for Advance Rulings (AAR). While Gujarat AAR followed its counterparts in Tamil Nadu and Andhra Pradesh to hold GST at the rate of 12 percent, the Karnataka AAR went for 5 percent. The latest rulings from Gujarat are related to two famous milk product brands, Amul …

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Haryana ranks 4th in GST fraud

fraud prevention, scam, corruption

Recently, Gurugram Zonal Unit of Directorate General of GST Intelligence arrested one Ravinder Kumar in connection with input tax credit (ITC) fraud worth Rs 43 crore. This is not a lone example, but Haryana has the fourth-highest cases in GST Fraud from July 2017 to December 2020. As many as 3,852 fraud cases were unearthed across the …

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GST paid during Search & Seizure, not accepted as GST liability to be refunded

The Madras High Court in its recent ruling in the case of Shri Nandhi Dhall Mills India Pvt. Ltd. v. Senior Intelligence Officer, DGGST & Ors.has directed the Revenue Department to refund the amount of Rs 2 crore collected from the assessee during the investigation on GST paid during Search & Seizure. It was held that, merely because the …

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