User: prs Topic: Legal-News
Category: Acts
Last updated: Jun 26 2017 01:45 IST RSS 2.0
 
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Relax, GST won't impact your power bills next month 22.6.2017 ET: Power
To a query whether the lower GST of 5% on coal would help reduce power tariffs, Goyal said he would meet the forum of regulators on Friday.
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GST: Govt to act lenient for genuine mistakes initially, says Hasmukh Adhia 22.6.2017 ET: Policy
Revenue Secretary Hashmukh Adhia said a distinction would be made between genuine mistakes in filing of returns and deliberate attempts to evade taxes.
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How will anti-profiteering help me when GST kicks in? Here's the lowdown 22.6.2017 ET: Policy
Keen to ensure that this benefit is passed on to consumers in the form of lower prices, the new framework provides for an anti-profiteering provision.
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Cabinet approves Amendment of the Social Security Agreement between India and the Netherlands 22.6.2017 Govt of india: PIB
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved Amendment of the bilateral Social Security Agreement (SSA) between India and the Netherlands by incorporating the “Country of Residence” Principle into the said SSA.
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Captain Amarinder Singh accuses opposition of twisting facts on debt waiver 22.6.2017 TOI: Chandigarh Times
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Maoist sentenced to seven years imprisonment for possession of explosive substances 22.6.2017 DNA: India
A Munger court on Thursday convicted a Maoist to seven-year rigorous imprisonment for possession of explosive substances. Additional District Judge - II Purushottam Mishra passed the order convicting Birbal Murmu after finding him guilty under provisions of the Explosive Substance Act, 1884 and Rules, 2008. Murmu, a CPI(Maoist) area commander of Kharagur region of Munger district, was found guilty of concealing 93 gelatin sticks in Kandani forests. He was arrested in June 2012 from Pakur district in June ...
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Reserve Bank of India announces names of members of Overseeing Committee 22.6.2017 ET: Policy
RBI also said that the circular advising banks for the process to be followed for resolution of identified stressed assets within six months will be issued separately.
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Dr Jitendra Singh launches Online Software for Departmental Proceedings 22.6.2017 Govt of india: PIB
The Union Minister of State (Independent Charge) Development of North-Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and Space, Dr Jitendra Singh launched the online Software for Departmental Proceedings, here today.
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EPFO signs MoU with HUDCO under new Housing Scheme of EPF & MP Act-1952 22.6.2017 Govt of india: PIB
Dr. V.P. Joy, Central Provident Fund Commissioner and Dr. M. Ravi Kanth, CMD HUDCO signed a Memorandum of Understanding (MoU) in the august presence of Union Minister of Urban Development
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Training of Trainers Programme on Capacity Building for Six Waste Management Rules (2016) - National Productivity Council 22.6.2017 Govt of india: PIB
The Ministry of Environment, Forests and Climate Change, Government of India has notified Six Waste Management Rules in year 2016.
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Aadhaar must for TB patients to avail govt aid 22.6.2017 TOI: India
The Union health ministry has made Aadhaar a compulsory document for tuberculosis patients to be able to avail treatment under the government’s Revised National Tuberculosis Control Programme (RNTCP).
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All States/UTs except the State of Jammu & Kashmir, approves the State GST Act and are ready for the smooth roll-out of GST with effect from 1st July, 2017. 21.6.2017 Govt of india: PIB
All States/UTs except the State of Jammu & Kashmir, approves the State GST Act and are ready for the smooth roll-out of GST with effect from 1st July, 2017.
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Karnataka reserves 50% of NLSIU seats for locals 21.6.2017 TOI: India
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Harsh powers in hands of anti-profiteering authority 21.6.2017 DNA: Top News
Government ensures post-GST reduction of prices. On 18th June 2017, the GST council finalised the anti-profiteering rules 2017. As per the said rules where the a uthority determines that a registered person has not passed on the benefit of reduction in rate of tax on the supply of goods or services or the benefit of input tax credit to the recipient by way of commensurate reduction in prices, the Authority has been vested with powers to order cancellation of GST registration. Such draconian powers in the hands of Authority, if left unchecked, can lead to unforeseen issues in the GST regime.   The authority can also order reduction in prices or return to the recipient, an amount equivalent to the amount not passed on by way of commensurate reduction in prices along with interest at the rate of eighteen per cent from the date of collection of higher amount till the date of return of such amount. They have also been given powers to recovery of the amount including interest not returned in case the eligible ...
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6 of Lalu Prasad Yadav family face anti-benami law 21.6.2017 DNA: Wide Angle
The Income-Tax Department on Tuesday charged six family members of Rashtriya Janata Dal (RJD) supremo Lalu Yadav and attached 12 plots, owned by his daughter Misa Bharti, son-in-law Shailesh Kumar, sisters Ragini and Chanda Yadav, Bihar deputy Chief Minister Tejashwi Yadav and former chief minister and wife Rabri Devi. All six will be be charged under the new and stringent Benami Transactions (Prohibition) Amendment Act, 2016, in connection with its probe into land deals worth Rs 1,000 crore. The market value of the attached properties is Rs 175 crore, whereas book value of attached property is just Rs 9.32 crore. The department has attached about a dozen plots and buildings in Delhi and Bihar including a farm house and land in the Palam Vihar area, a residential building in the upmarket New Friends Colony area of south Delhi, nine plots on a 256.75 decimal land area in Phulwari Sharif area in Patna, where a shopping mall was being constructed, among few others in the same area in Bihar's capital. A ...
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In Darjeeling, a poet is on the run 21.6.2017 DNA: Urban Tales
The unrest in the hills of Darjeeling has led to its complete lockdown. And, amidst this, is a poet who's been on the run. Jiwan Namdung is a prominent Nepali poet and a towering literary figure in Nepali literature. He is the president of the Nepali Sahitya Akademi, and was conferred with the Sahitya Akademi award in 1994. But the events that unfolded during the last few days has forced the poet to go underground. On June 1, on the invitation of the Gorkhaland Janmukti Morcha, Namdung was part of a discussion soon after CM Mamata Banerjee passed a notification making Bengali a compulsory third language in schools. GJM leader Roshan Guru invited several educational and social organisations to deliberate on the matter. During the discussion, all the organisations held the view that by making Bengali compulsory, the CM was trying to impose it on the Nepali-speaking citizens of the state. After the discussion on May 30, the police filed cases against all those present in the meeting, including GJM leader ...
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Vasundhara Raje digs into revenue mine, Prabhu rides train of sops 21.6.2017 DNA: Urban Tales
The Vasundhara Raje government, on Tuesday, gave a shot in the arm to mining industry by showering concessions on lease holders across the state. The state government amended the Rajasthan minor mineral concession rules, 2017, affecting among other things, the “dead rent charges” which stand slashed by 50 percent. Other major relaxation introduced was in the levying of premium charges, the duration of whose implementation has been reduced to just one year from the previous 50-year norm. On the directions of chief minister Vasundhara Raje, the mines department amended the rules to offer relief to mine lease holders by slashing the charges of dead rent or license fee from 100 to 50 per cent only. Dead Rent is the minimum guaranteed amount payable for mining lease, which is calculated according to the area of the lease. The next big concession offered through the amendments is by making lease holders or LOI (letter of intent) holders pay premium fees (measurable as equal to dead rent or two-and-half times ...
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Parties cautious on prohibition 21.6.2017 DNA: Wide Angle
The Smart Party’s poll plank is going to be lifting of prohibition,but the two main political parties  exercised caution while commenting or reacting to the issue, while economists and Gandhians showed the red flag saying it could increase the health budget due to the social repercussions on the low income group. When DNA contacted political parties for their reaction, most leaders gave guarded replies, but economists and Gandhians were of the strong view that even with prohibition in force, the state has made strides in development and it had not deterred industrialists from making large-scale investments in various sectors.  Former VC of Gujarat Vidyapith, Sudarshan Iyengar said, “Revenue arguments have been advanced in the past too, but when public policies are decided, it’s not just financial cost, but social cost that should be considered. If prohibition is lifted, youth might get addicted, increasing the medical bills.” He said economics without ethics would result in ‘anarthsashtra’. Economist ...
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J&K is attempting economic suicide by not approving GST Bill: Govt sources to ET Now 20.6.2017 ET: Indicators
Once the GST is rolled out pan India, it will subsume the central excise duty, and thus the J&K government will no longer be able to levy it and collect a share of it.
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Government notifies 18 sections, 2 rules for GST 20.6.2017 DNA: Urban Tales
Days ahead of the rollout of Goods and Service Tax, the government  on Tuesday notified sections in the GST Act dealing with mandatory registration of current indirect tax payers in the new regime. As many as 18 sections relating to registration of current central excise, service tax and VAT payers with the GST-Network (GSTN) as well as transitional provisions were notified today. As a precursor to GST, the Central Board of Excise and Customs (CBEC) has also notified two rules -- registration and composition levy. All the notifications would be effective from June 22. GST, which is to be rolled out from July 1, will unify over a dozen central and state levies into one and all those currently paying such taxes need to migrate to the new system. Every business carrying out a taxable supply of goods or services with turnover exceeding the threshold limit of Rs 20 lakh will be required to register. GST registration would allow for seamless input tax credit. The CBEC has also notified 'www.gst.gov.in' as the ...
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