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Only 16% of initial GST returns filed for July-Dec matched with final returns

-PTI NEW DELHI: With only 16 per cent of the summary sales returns under GST matching with the final returns, the revenue department has started to analyse major gaps with a view to check any possible tax evasion. According to the GST returns data, 34 per cent of businesses paid Rs 34,400 crore less tax between July-December while filing initial summary return (GSTR-3B). These 34 per cent of the businesses have paid Rs...

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Not in favour of farm loan waiver: Govt informs parliament

-PTI The government is not in favour of farm loan waiver as it negatively impacts credit and recovery climate and has systematic consequences New Delhi: The government is not in favour of farm loan waiver as it negatively impacts credit and recovery climate, parliament was informed on Tuesday. However, several measures have been initiated to reduce the debt burden on farmers and increase availability of institutional credit, minister of state for agriculture Gajendra...

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New metric for jobs growth to include informal economy -Prashant K Nanda

-Livemint.com The govt will count jobs created in establishments deploying less than 10 people, which essentially means that shops run by one owner and one employee too will be counted as employment generation New Delhi: Expanding the scope of job creation in the country, the National Democratic Alliance (NDA) government has now decided to start counting jobs created in the non-farm informal sector. The government has asked labour bureau under the Union labour...

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Labour Bureau Data Proves What Modi Govt Isn't Admitting - Demonetisation and GST Hurt Employment -Gaurav Vivek Bhatnagar

-TheWire.in Though the government is being adamant that there is no data on the impact of demonetisation and GST on the jobs front under various national schemes in India, Labour Bureau data indicates otherwise. New Delhi: While in response to written questions in the Lok Sabha on the impact of demonetisation and Goods and Services Tax (GST) on employment generation, the Ministry of Labour and Employment has insisted that it does not possess...

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