The parties could plan another protest, possibly on the streets, against the note ban, a drive declaring 500 and 1000-rupee notes as illegal to eradicate corruption and black money menace.
References to the Goods and Services Tax (GST) in 'Mersal' have not gone down well with the BJP. The party objected to what it termed "untruths" about the central taxation regime in the film and demanded that the references be deleted.
In a letter to Union Finance Minister Arun Jaitley yesterday, Siddaramaiah said: "I am writing to raise a very critical issue that the GST council should take note of and decide on a priority basis."
GST will formalise the unorganised micro, small and medium sector enterprises (MSME), helping banks to get data on the borrowers' cash flows and repayments thereby easing fund access to the segment.
Tamil Nadu BJP State President, Tamilisai Soundararajan demanded producers remove these scenes. "I object to certain scenes in Vijay's movie 'Mersal'. Certain scenes project GST and digital India in a bad light and we want these scenes removed. Vijay has political ambitions and that is the reason why these scenes are there in the movie," she added.
The reduction in gifts from corporate houses to their associates, networked partners, employees and other key personalities is more for outside connects than employees who are more or less receiving their annual gesture from their employers, the industry body said.
Meeting in Guwahati on November 10 likely to look into issues related to construction, which needs to be “restructured”. Issues related to infrastructure will also be addressed
Commenting on the twin data on industrial output and price situation, he said that the benign and moderate inflation has become the order of the day.
Echoing views expressed by Dharmendra Pradhan, Union Minister of Petroleum and Natural Gas earlier, Reddy said state governments should reduce their VAT on the fossil fuel.
A decision in this regard is likely be part of the state's budget for 2017-18, which is planned for the first week of January, reports Mint.
The government is conducting a survey to understand the reasons behind lower-than-expected return filing
According to the PVR Chairman, while smaller movies can get released on new digital platforms, the big banner productions will continue to need big screens
`We don’t want to give people the liberty that they have an option to not file returns. We need to have some amount of discipline in compliance’
In a letter to Jaitley, Sisodia said if real estate comes under the new indirect tax regime, exorbitant hike in land prices could be checked and the flow of black money curbed.
Deputy Director Asia Pacific Department of IMF, Kenneth Kang, said the favorable outlook for Asia was an important opportunity for India to push forward with difficult reforms
The Central Board of Excise and Customs (CBEC) said it has asked exporters to align their bank account details declared to the customs with that of GST regime.
In first public appearance at the IMF headquarters here after his arrival in the city, Jaitley echoed International Monetary Fund Managing Director Christine Lagarde and World Bank President Jim Yong Kim, who have said that the world is experiencing a strong economic recovery.
The industry seeks reversal of compensation cess on cars which was hiked between 2 percent and 7 percent in September.
The matter will be discussed in the next meeting of the GST, which will be held on November 9 in Guwahati.
This is lower than 54.78 lakh initial returns for July filed in GSTR-3B form.
Residential launches decline but demand for commercial office space and retail properties continues to drive fund flows.
जीएसटी रिफार्म का मूल आधार डिजिटाइजेशन है। डिजिटाइजेशन एक क्रांतिकारी आइडिया है जिसके जरिए सभी छोटे और मध्यम कारोबारी टेक्नोलॉजी के उपयोग से अपनी कारोबार का विकास कर सकते हैं।
"At present, the negative effects of GST among the small businessmen outweigh the positive vibes. We hope that the norms and guidelines will be simplified further to help these entities to file returns and claim input tax credit," MD of Bengaluru-based Tally Solutions, Bharat Goenka, told reporters here today.
In a circular, the home ministry said the revised cash management system, formulated by the Ministry of Finance, has to be followed in view of the changes in tax receipt under the GST regime.
The government is considering ways to revive the economy after growth fell to its slowest pace in three years in the three months to June.