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BIMAL JAIN COMMITTEE
Port curbs on Bangladesh imports may create Rs 1,000 crore biz for textilesIndia bans garment imports from Bangladesh via land routes. This decision aims to boost local textile manufacturing. The move could generat...- Income tax on cash spending: These expenses will be considered as income and accordingly taxed if incurred in cashPay income tax on cash spends: If any liability towards unpaid expenditure is incurred by a person in a year and paid by such person in any...
- Deadline for filing GSTR 3B extended for taxpayers in these election bound statesGoods and services tax (GST): The deadline to file GSTR 3B which is a statement of input tax credit available to claim has been extended to...
- Active trading saved RBI from seeking additional capitalRBI reduced its balance sheet by over Rs 1.6 trillion during March 2022, largely through use of foreign currency sell/buy swaps. This helpe...
- In a relief to Dream11, MPL, Karnataka HC strikes down major portions of state's online gaming lawWhile the gaming industry welcomed the court order and offered to work with the government to frame regulations for the sector, Karnataka h...
- GST Council decides to defer rate hike on textiles from 5% to 12%The Council, which is the apex decision-making body for the indirect tax, also extended the tenure of the panel by two months.
- GST council defers rate increase on man-made fibre, yarn, fabrics and apparelThe panel looking into rate rationalisation has been tasked to re-examine the issue. The council, which is the apex decision-making body fo...
- ‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choicesThe Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...
- Industry bodies to take up GST issues with govt; GST to mark 4 years on July 1Simplifying input tax credit procedures, addressing issues arising from inverted duty structure, exploring faceless assessment within the G...
- Allow buyers to claim ITC even if supplier defaults in depositing GST: PHD ChamberAhead of GST Day on July 1, industry body PHD Chamber of Commerce has raised the issue of blocking input tax credit and said the buyer shou...
- Jio Institute brings in power-packed advisory panelThe Mukesh Ambani group is said to have informed the Empowered Expert Committee of all selected Institutes of Eminence during a review on N...
- N S Vishwanathan re-appointed as RBI deputy governor for one yearVishwanathan is one of the three deputy governors, besides B P Kanungo and M K Jain, working at the central bank.
- Will the RBI transfer Rs 1 lakh crore to the government?The Bimal Jalan Committee’s recommendations on the central bank’s economic capital framework are likely to be submitted soon.
- Keep agri-produce out of GST ambit: PHD ChamberPHD Chamber today said that agriculture and agri-produce including food processing industry should be kept out of GST.
- Race for NHAI chief’s post hots up with 40 in frayThere are only a few corporate executives in the competition. Prominent among them is former IAS and present CEO of Suzlon Group, Rohit Mod...
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