-The Hindu Auditor denied access to GST Network The crucial question about how and where auditors should get access to GST data continues to hang fire, even as hundreds of CAG auditors are being put through specialised training in anticipation of the implementation of the new tax regime from July 1. Various government officials, including ministers, have been insisting that the proposed tax regime will come into force as scheduled. The GST Network...
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CAG protests refusal of access to GSTN data -Pradeep Thakur
-The Times of India NEW DELHI: The Comptroller and Auditor General (CAG) has protested with the finance ministry against the Goods and Services Tax Network (GSTN), a special purpose vehicle majority owned by private companies, refusing to give access to taxpayers data on its network for scrutiny and audit. The GSTN is a private limited company floated to aid the rollout of the new indirect tax regime. The company will provide information...
More »Post-note ban, Rs 35,000 crore cash stash flooded MP banks -Ankur Sirothia
-The Times of India BHOPAL: More than Rs 35,000 crore of stashed cash was pulled out of hidden lockers of corporates and individuals and deposited in 25 major banks within 60 days of demonetisation in Madhya Pradesh, reveal documents accessed by TOI. More than 40% of these accounts are under I-T surveillance, say sources. Money in Pradhan Mantri Jan Dhan Yojana accounts rose by Rs 461 crore after the note ban —...
More »Demonetisation and the economy: Signs of distress everywhere -Ankur Bhardwaj
-Business Standard Indian economy is showing signs of distress all around and economists are not off the mark in their assessment When Prime Minister Narendra Modi addressed the nation on November 8 and announced his government’s big move to tackle black money, currency counterfeiting and terror funding by banning old currency notes of Rs 500 & Rs 1,000, there were murmurs of protest. Since then, economists like Amartya Sen, Kaushik Basu and many...
More »Dry ATMs dispensing more disappointment than cash
-The Economic Times Prime Minister Narendra Modi wants India to go cashless. And it seems that automated teller machines, or ATMs, have been taking the lead ever since the demonetisation drive began. They are absolutely what PM wants the economy to be — cashless. The result: people's frustration is building up because ATMs are either getting emptied faster than they are refilled, or they are just not working. ET reports from commercial hubs...
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