Wednesday, December 13 2017

November 11, 2017

GST council took key decisions to reduce tax rates

The 23rd meeting of GST Council in Guwahati has decided on a comprehensive overhaul of GST. Several items that were under the 28% tax slab have been brought into lower tax slabs.Tax on restaurants has undergone a major change. Now all restaurants AC, non AC and irrespective of turnover will be taxed at 5% and

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November 10, 2017

NITI Aayog releases proposal for a quick pilot on EV charging infrastructure in Delhi

NITI Aayog Vice Chairman, Dr. Rajiv Kumar released a proposal to develop electric vehicle charging infrastructure in Delhi. The proposal for the quick pilot could be used to provide a structure for EV infrastructure rollout in the Gurgaon-IGI-South Delhi-Noida corridor.This proposal for developing the pilot includes 55 locations with 135 charging stations of which 46

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November 9, 2017

IT raids Jaya TV and its associates over suspected tax evasion

Income Tax officers have raied over 190 locations across four states in connection with the AIADMK-owned Jaya TV and its associates in Chennai over suspected tax evasion as part of ‘Operation Clean Money’.Also, the allegation covers aspects like shell companies, dubious investments, fund flow and fudging of accounts.Searches also cover the premises of Midas Distilleries

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November 9, 2017

GST Council to review the progress of the new tax regime

The meeting of GST Council in Guwahati will review the impact of the new tax regime in the first quarter of its implementation. Council meeting got underway to review the progress of the new tax regime, three months after it was rolled out.The Council will also deliberate to bring the real estate sector under GST

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November 9, 2017

Delhi reenforced the odd even rule from the 13th to the 17th of November

Govt of Delhi has re-enforced the odd even rule from the 13th to the 17th of November.Delhi NCR continues to struggle with toxic air quality for the third day. With pollution reaching dangerous proportions National Green Tribunal admonished government and civic agencies.It banned construction and industrial activities causing emissions till November 14. Even National Human

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