-Livemint.com Here are some FAQs about the Goods and Services Tax (GST) slated for rollout on 1 July What is GST? Goods and Services Tax (GST) is a value-added tax at each stage of the supply of goods and services precisely on the amount of value addition achieved. It seeks to eliminate inefficiencies in the tax system that result in ‘tax on tax’, known as cascading of taxes. GST is a destination-based...
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Developers in quandary as states not ready with Rera rules -Prabhakar Sinha
-The Times of India NEW DELHI: Real estate developers across the country are in a quandary as the Centre has stopped them from marketing ongoing projects yet to be registered with their respective state's real estate regulatory authority (Rera), and most state governments are neither ready with rules under the new Act, nor have they created the authorities. In a written clarification to the National Real Estate Development Council (NAREDCO), the Union...
More »'Tur' farmers in Maharashtra remind Modi of his 'chai pe charcha' promise -Abhiram Ghadyalpatil
-Livemint.com At some 200-plus tur procurement centres in Maharashtra, where Nafed had agreed to purchase the crop till 31 May, the desperation of thousands of farmers represent all that is wrong with government intervention in the agriculture market Wardha, Hinganghat (Vidarbha): Santosh Borkute, a cotton and tur cultivator in Amla village of Wardha district in Vidarbha region, has learned from Marathi newspapers that the Narendra Modi government has completed three years in...
More »States oppose 'imposition of Hindi' in schools
-The Times of India The President's approval to make Hindi compulsory in CBSE and Kendriya Vidyalya has ruffled feathers with most non-Hindi speaking states accusing the Centre of suppressing other native languages. Deputy leader of Trinamool Congress Saugata Roy alleged the move is meant to implement the BJP's majoritarian idea based on their slogan, 'Hindi, Hindu, and Hindustan'. "The Centre should have been more cautious before implementing the decision in non-Hindi speaking...
More »I-T shames defaulters, but most are 'untraceable'
-The Times of India NEW DELHI: In its drive against tax defaulters, the income tax department published a full-page advertisement in newspapers on Saturday naming 29 individuals and companies, asking them to `pay tax arrears immediately'. Many of these entities are `not traceable' in the department's records or have no assets to recover. The total arrears against them amounts to around Rs 448 crore. It seems the biggest tax defaulters are yet to...
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