-The Hindu Senior citizens seek exception from registering biometrics in banks Chennai: Many senior citizens visiting banks for providing life certificate for pension and linking their Aadhaar numbers with bank accounts have been put to a lot of hardship. They complained that there was no common rule for banks and each of them was following whatever pattern their head offices had decided. Pensioners Herbert Clay, 69, and his wife Annie Clay, 63, had...
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'Image problem' may have led to tweak in GST rates -Rajeev Deshpande
-The Times of India NEW DELHI: The major changes in GST rates in the 28 per cent bracket and measures to simplify filing and compliance are seen as an effort by the government to correct an "image problem" dogging the tax reform in key consumer and trader constituencies ahead of the Gujarat elections. It was felt a perception had gained ground that middle class activities like eating out and items like cosmetics...
More »50% of Indians bribed babus for services last year, says survey -Dipak K Dash
-The Times of India NEW DELHI: Almost five of 10 persons admitted paying bribes in the last one year to avail primarily government services and eight of those did so at local level to police, municipal officials and matters relating to property registration and VAT, according to a survey by an online platform. LocalCircles, which conducted the India Corruption Survey, claimed the poll received one lakh responses to a set of eight...
More »Fuel to get cheaper as Gujarat, Maharashtra cut VAT on petrol and diesel
-Thw Times of India NEW DELHI: On Tuesday, the state governments of Gujarat and Maharashtra announced a cut in VAT (Value Added Tax) on petrol and diesel. Gujarat took the first initiative, slashing the VAT by 4 per cent. With this rate cut, the price of petrol will come down by Rs 2.93 and that of diesel by Rs 2.72 in the state. The effective price of petrol in Gujarat from...
More »Why Indians will continue to pay high oil prices despite lower global rates?-Suchetana Ray
-Hindustan Times Consumers pay more than 100% tax – central and state levies combined – on petrol and diesel. New Delhi: Fuel prices in India are at a three-year high, although global crude rates halved over the same period, leaving many in the country to wonder why they must continue to pay more for petrol and diesel. The central government says that because states earn more in taxes on petrol and diesel, they...
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