On the basis of an alert, an investigation against M/s Niyati Steels has been undertaken by CGST Delhi West Commissionerate. One Shri Karan Kumar Aggarwal in his voluntary statements has admitted that he looks after all day-to-day transactions and operations of the said firm. The said firm has availed ITC of Rs 7.7 crore from …
Arrest one for fraudulently availing ITC of more than Rs 50 crore Read More »
The Prime Minister, Shri Narendra Modi has congratulated Shri Jagdeep Dhankar on being elected as Vice President of India. In a series of tweets, the Prime Minister said; “Congratulations to Shri Jagdeep Dhankhar Ji on being elected India’s Vice President with resounding support across party lines. I am confident he will be an …
PM congratulates Shri Jagdeep Dhankar on being elected as Vice President Read More »
The Vice President, Shri M. Venkaiah Naidu, along with his spouse, Smt. Usha Naidu and other family members visited various holy places in Gujarat today and prayed for the peace, progress and prosperity of the nation. During the day-long tour, his last as the Vice President of India, Shri Naidu also visited Mahatma Gandhiji’s birthplace …
The Prime Minister, Shri Narendra Modi has congratulated Ravi Dahiya for clinching Gold Medal in Men’s freestyle 57 Kg wrestling at Birmingham Commonwealth Games 2022. The Prime Minister tweeted; “He played like a champion and brings immense pride for our nation. Congratulations to the phenomenal @ravidahiya60 for winning a Gold at the Birmingham CWG. His …
PM congratulates Ravi Dahiya for clinching Gold Medal in Men’s freestyle 57 Kg wrestling Read More »
As part of Azadi Ka Amrit Mahostav (AKAM) to celebrate 75 years of India’s Independence, commemorative visits are being undertaken by Indian Navy ships to foreign ports in every continent (except Antarctica). Details are as follows:- Ser Continent Port Call/ Country IN Ship Asia Muscat, Oman Chennai, Betwa Singapore Saryu Africa Mombasa, Kenya Trikand Australia Perth, …
The new Mahindra Bolero has come to make a splash with the double airbag, know the features Dual airbags have now been made mandatory in all cars in the country from January 1, 2022, and in such a situation, the domestic automobile company Mahindra & Mahindra has also updated its popular SUV Bolero. Dual airbags …
New Mahindra Bolero has come to make a splash with Double Erbeg, know the features Read More »
To facilitate the sales and distribution of National Flags under Har Ghar Tiranga Campaign, all Post Offices will function on holidays, falling before Independence Day 2022. All delivery Post Offices and other important post offices, across the country will be functional to the extent for supporting this public campaign. Special arrangements will be made for …
NITI Aayog was set up as an Institution with the mandate of cooperative federalism with a premise that strong states make a strong nation. A number of measures have already been put in place to work closely with states. In the last year alone more than 30 meetings have been held with the Chief Ministers …
NITI Aayog’s response to the statement of Shri K C Rao, CM Telangana Read More »
The Income Tax Department carried out search and seizure operations on 02.08.2022 in the cases of certain producers, distributors, and financiers associated with the film Industry. The search operations were conducted at almost 40 premises located in Chennai, Madurai, Coimbatore and Vellore. During the course of the search operations, several incriminating documents and digital evidence …
Income Tax Department conducts searches in Tamil Nadu Read More »
The goods and services tax (GST) is in attention these days as to whether a salaried individual should pay GST on home rent. According to tax experts, until 17th July 2022, GST was applicable on the rent of a commercial property but from 18th July 2022, GST shall be charged if such residence is rented …
The Department of Water Resources, River Development and Ganga Rejuvenation, Ministry of Jal Shakti has launched the 4th National Water Awards on the Rashtriya Puraskar portal. All the applications will be received through the online Rashtriya Puraskar portal (www.awards.gov.in) only. General public may refer to this portal or the website of this Department (www.jalshakti-dowr.gov.in) for …
4th National Water Awards Launched on Rashtriya Puraskar portal (www.awards.gov.in) Read More »
The Prime Minister, Shri Narendra Modi has congratulated Bajrang Puniya for winning his third consecutive Commonwealth Games medal. Bajrang Puniya clinched the Gold medal in 65 kg wrestling at CWG, 2022. The Prime Minister tweeted; “The talented Bajrang Puniya is synonymous with consistency and excellence. He wins a Gold at the Birmingham CWG. Congratulations to …
Ministry of Food Processing Industries (MoFPI) is implementing a centrally sponsored “PM Formalisation of Micro food processing Enterprises (PMFME) Scheme” for providing financial, technical and business support for setting up / upgradation of micro food processing enterprises in the country. The scheme is operational for a period of five years from 2020-21 to 2024-25 with …
Government is making every efforts in providing access to justice to the dalits, backward classes and other weaker sections of the society. National Legal Services Authority (NALSA) has been constituted under the Legal Services Authorities (LSA) Act, 1987 to provide free and competent legal services to the weaker sections of the society including beneficiaries covered …
Steps taken by Legal Services Authorities to promote e-Lok Adalats include – Standard Operating Procedure for conduct of e-Lok Adalat, Technical training through System officers to the Court Staff, Whatsapp groups for litigants, advocates and respondents for conveying them relevant information/ link for attending e-Lok Adalats and Video conferencing link and cause list displayed on …
As part of the National eGovernance Plan, the eCourt project is an integrated Mission Mode Project under implementation since 2007 for ICT development of the Indian Judiciary based on the “National Policy and Action Plan for Implementation of Information and Communication Technology in the Indian Judiciary”. The e-Court Integrated Mission Mode Project was launched with …
A total of 13,92,265 Electric Vehicles (EVs) are being used on the roads of India as on 3rdAugust, 2022 as per the information received from Ministry of Road Transport and Highways. The details are as under: Sl. No. Vehicle Category No. of electric vehicles 1 Two Wheeler 5,44,643 2. Three Wheeler 7,93,370 3. Four wheeler …
13,92,265 electric vehicles are presently running on the roads of India Read More »
The country’s largest carmaker Maruti Suzuki’s cheapest car Maruti Alto is now going to be introduced in a new avatar. According to the information, the new Maruti Alto K10 will be launched for sale on August 18, but before that some pictures of this car have been leaked on the internet. In the new pictures, …
Soon, banks are likely to get relief from a new tax rule that effectively mandates them to deduct a 10% tax at source on the amount of debt waived by them through one-time-settlement (OTS) or some other schemes, especially involving large accounts. “The departments of revenue and financial services are in talks and a positive …
Banks are likely to get relief from a new tax rule Read More »
The Income Tax Department carried out a search and seizure operation on 28.07.2022 on an ex-fund manager and chief trader of equities of a prominent mutual fund house along with related sharebrokers, middlemen and entry operators. The search action covered more than 25 premises, spread across Mumbai, Ahmedabad, Vadodara, Bhuj and Kolkata. As a result …
Income Tax Department conducts searches in Mumbai Read More »
In this era of digital payment, the failure of any payment platform is nothing short of a tragedy. Where people are now carrying money not in wallets for payment but in digital wallets. App like Paytm not working becomes a big problem. Paytm has admitted that people are facing this problem due to a glitch …
As on 30th July 2022, of the corpus of Rs. 945 crore, Rs. 375.25 crore have been approved to 102 incubators under the Startup India Seed Fund Scheme (SISFS). Also, 378 DPIIT recognised startups have been approved a total sum of Rs. 81.45 crore by the approved incubators under the Scheme. Specifically, from the North …
As India commemorates 75 years of Independence, there is a reinforced need for the states to be agile, resilient and self-reliant and move towards ‘AatmaNirbhar Bharat’ in a spirit of cooperative federalism. In the drive towards building a steady, sustainable and inclusive India, the Seventh Governing Council meeting of NITI Aayog will be held on 7th August 2022 …
PM to Chair 7th Governing Council Meeting of NITI Aayog on 7 August Read More »
Repo Rate hiked to 5.40% The repo rate, the rate at which RBI lends money to commercial banks, has been hiked by one half of a percent. Considering the prevailing adverse global environment, resilience in domestic economic activity, uncomfortably high inflation level, the RBI has hiked the policy repo rate by 50 basis points, to …
RBI hikes Repo Rate by another 50 basis points to 5.4% Read More »
The Congress is continuing the ruckus across the country against inflation. Delhi Police has taken Congress leader Rahul Gandhi into custody. Many Congress MPs have sat on dharna at Vijay Chowk. Actually, Rahul Gandhi was taking out a march from Parliament House to Rashtrapati Bhavan with Congress MPs. But the police stopped him at Vijay …
The first meeting of the National Advisory Committee of the National Initiative on Science, Technology and Innovation Statistics (NISTIS) discussed the way forward for the initiative. It was decided that the Detailed Project Report (DPR) for the Centre for Science, Technology and Innovation Statistics will be prepared by the Project Monitoring Unit (PMU) at the Indian …
As a step towards addressing the issue of mounting dues of the State power utilities which has now crossed ₹1,50,000 crore, the Ministry of Power, Govt. of India has issued Electricity, (Late Payment Surcharge and Related Matters) Rules, 2022 (LPS Rules 2022). This initiative works with the sole aim of financially strengthening the electricity suppliers and …
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No. 64/2022-Customs(N.T.), dated 21st July, 2022 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes and Customs hereby determines that the rate of …
Exchange Rate Notification No. 66/2022 – Customs (N.T.) Read More »
GSTR – 9 & GSTR – 9C for the FY 2021-22 are available on the GST Portal for filing GSTR – 9 & GSTR – 9C Applicability for F.Y.2021-22 given below Due Date to File GSTR – 9 & GSTR – 9C is 31/ 12/2022
Dear Readers, We are delighted to share our 85th E-Newsletter “Weekly Taxation Newsletter” dated 03rd August, 2022 from 27th July, 2022 to 03rd August, 2022 with you. This E – Newsletter is a weekly reference / compilation of interesting and latest news related to tax including upcoming Timelines / Due Dates, Notifications / Press Information, …