User: subbu Topic: Land Issues
Category: SEZs by State :: Karnataka
Last updated: May 10 2018 20:54 IST RSS 2.0
 
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Hotel, restaurant services provided to SEZ units taxable under GST: AAR 10.5.2018 DNA: Bangalore
Hotel, restaurant services provided to SEZ units taxable under GST: AAR
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Hotel, restaurant services provided to SEZ units taxable under GST: AAR 10.5.2018 General News
Hotel or restaurant services provided to SEZ developers or units will not be treated as 'zero-rated' supplies and hence will be taxable under the Goods and Services Tax (GST) regime, the Authority for Advance Ruling (AAR) has said. In an application filed before the Karnataka bench of the AAR, the applicant had sought to clarify whether hotel accommodation and restaurant services provided by them, within the premises of the hotel, to the employees and guests of SEZ units be treated as supply of goods and services. "The hotel accommodation and restaurant services being provided by the applicant, within the premises of the hotel, to the employees and guests of SEZ units, cannot be treated as supply of goods and services to SEZ units in Karnataka and hence they are the intra-state supply and are taxable accordingly," the AAR order said. In the earlier service tax regime, the law provided that only services which are labelled as "authorised operation" will be treated as zero-rated supply .
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Tata Power in spotlight after Q4 results 3.5.2018 General News
On a consolidated basis, Tata Power reported a net profit of Rs 1477.50 crore in Q4 March 2018 compared with net loss of Rs 226.93 crore in Q4 March 2017. Net sales rose 12.70% to Rs 7895.23 crore in Q4 March 2018 over Q4 March 2017. The result was announced after market hours yesterday, 2 May 2018.
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Market Outlook: Q4 results, macro-data to dictate equity indices trend 29.4.2018 Sify Finance
Macro-economic data points, coupled with fourth quarter (Q4) earning results, are expected to influence the Indian equity markets during the upcoming truncated week.
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Land of ‘Shankarpura Mallige,’ ‘Mattu Gulla’ to see tight race 20.4.2018 Hindu: Health
Incumbent MLA Vinay Kumar Sorake has been given the Congress ticket again
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Par panel raises concerns over SEZ developers, units mortgaging land to raise loans 28.3.2018 General News
Concerned over special economic zone developers and units mortgaging land to raise loans, a parliamentary panel today suggested that the SEZ law be reviewed to curb the possibility of using such land as collateral for raising funds. A Public Accounts Committee, chaired by Congress leader Mallikarjun Kharge, in its report stated that "11 developers/ units in Andhra Pradesh, Karnataka, Maharashtra and West Bengal had raised Rs 6,309.53 crore as loans by mortgaging SEZ land". Three developers/units had raised a loan amount of Rs 2,211.48 crore and utilised the same for purposes other than development of these zones. It said that the SEZ law and rules do not specify that such land cannot be mortgaged. "The committee recommend that the department of commerce and financial services review the SEZ Act to specify that SEZ land lease hold rights can not be mortgaged to curb the possibility of huge loans going bad which ultimately would affect the public exchequer," it added. It also said that .
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Tripura, bastion of CPM, is low on development but high on social and health indices 17.2.2018 Latest News India on Firstpost
Tripura, the north-eastern Indian state that goes to the polls on Sunday, 18 February, 2018, is the bastion of the Communist Party of India-Marxist (CPM).
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Tripura will be the 20th state to be ruled by BJP in India, says Amit Shah 12.2.2018 Latest News
Ten years and 25 years is quite a long time for developing the state. But Tripura remained backward. There are many BJP-ruled states which could make much more development in lesser time: Amit Shah
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Iran rejects worries over impact of new US sanctions on Chabahar project 12.1.2018 Hindu: News
Regardless of U.S. policy, the government has made it clear it will not change its commitment to the Chabahar project and SEZ.
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AISIA opposes Safeguard Duty on import of solar panels, cells 8.1.2018 All News-IANS Stories
Strongly opposing the proposed blanket Safeguard Duty on import of solar panels and cells, the All India Solar Industries Association (AISIA) has said the levy will badly impact solar manufacturers operating out of the Special Economic Zones (SEZ) across the country.
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Citizen action ensures trouble-free new year eve parties in Indiranagar 2.1.2018 Citizen Matters
Through concerted action, residents made sure the pubs followed the rules. Police helped control the situation by being the watchdogs for the area. Result: new year parties had no noise! ...
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CRISIL ratings for Indian debt instruments-Dec 4 4.12.2017 Sify Finance
Dec 4 (Reuters) - Below are the ratings awarded by Credit Rating Information Service of India (CRISIL) for local debt instruments as of December 1, 2017. COMPANY
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Feasibility study under way for free trade zone at Kempegowda airport 24.11.2017 Hindu: Bangalore
Its creation is expected to make the city airport a cargo hub
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These are India's most expensive IT corridors 20.11.2017 Sify Finance
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IT union in Karnataka recognized, but companies say it will fizzle out 10.11.2017 All Companies Stories
For over a decade, India's IT industry has seen multiple attempts to mobilise workforce to form an active trade union. The efforts has finally yielded results. Karnataka has recognised Karnataka State IT/ITeS Employees Union (KITU) as a workers' body to fight for its rights at a time when the IT sector is facing its worst disruption in a decade. In 2005, the UNITES, a global trade union for IT workers affiliated to IBM, opened its Bengaluru office and looked to mobilise workers from the tech sector in India. However, the efforts did not take off as soon after the financial meltdown in the US that led to a recession, global firms started to offshore work to Indian companies and established their own captives. The result was a job boom in the IT services sector with exports of nearly $ 118 billion in fiscal 2017. The sector besides paying higher wages has been focusing on people welfare, building campuses and employing chief fun officers to engage employees. In the last two years, ...
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ANSR Consulting to bring GICs to Vizag, gets 10 acres from AP govt 11.10.2017 All Economy & Policy Stories
BS ReporterHyderabad, 11 October: Bangalore-based ANSR Consulting, which has brought at least 20 global inhouse or captive units(GICs) to India so far, has announced Visakhapatnam as its next big base to locate the in-house technology development operations of global companies.Andhra Pradesh cabinet at its meeting late on Tuesday evening approved the allotment of 10 acre land in government SEZ at Madhuravada to the company, which has promised to invest as much as Rs 1,000 crore and create 10,000 jobs in a course of 6 years. The decision by Lalit Ahuja-founded company comes as a big boost for the ongoing efforts of the state government at making this port city an alternative technology services hub in South India. This is also the first major response to AP government's separate policy formulated in June for attracting the GIC operations to the state.The state cabinet has approved the allotment land while relaxing the policy conditions. As per the new condition, the project proponent ..
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City to host technology quiz in October 22.9.2017 Hindu: Cities
Contest is open to students of standards 8 to 12
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Mandatory charging pods, points for electric cars in Karnataka highrises soon 13.9.2017 TOI: Cities
The state government is all set to amend the building by-laws in Karnataka to mandatorily set up charging pods and points for electrical automobiles.
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Against the violence of ‘development’ 29.8.2017 FrontLine: Home
Corporate interests are trying to grab enormous tracts of land with the support of the state, but their attempts are being met with an unprecedented unity among landowners and others dependent on the land for their livelihood. By VIJOO KRISHNAN
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Plan for Bengaluru to become ‘electric vehicle capital of India’ 24.8.2017 Hindu: News
State formulating energy storage policy in consultation with industries
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