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The Ministry of Finance on Sunday announced some relaxations for GST taxpayers. According to official statement taxpayers with Annual Aggregate Turnover (AATO) upto ₹5 crore will not be required to file the reconciliation statement in Form GSTR-9C for FY 2020-21 onwards, the ministry said in a post on Twitter. For GST Taxpayers who are under […]
Central government is mounting a major bid to realize the nation’s goals of ‘Ease of doing Business’. A session is organised on the theme ‘Breaking Silos and enhancing synergies among Government Departments’. The session would focus on integration between Central Ministries/Departments and State Single Window Systems and Departments, issuing of combined certificate for CIN, PAN, TAN, […]
Monthly report by auto industry body SIAM indicates that chip shortage has made a huge dent in the sales in the auto industry. Two Wheeler Sales- Important to note here is that Two Wheeler sales hasn’t get going after the new emission standard BS-6 came in to force. New emission standard has impacted the two […]
Gujarat, known for its textile industry and polyester output from Surat, seems poised to adopt green practices in its drapes too. Since synthetic material is not biodegradable, this move comes in line with opting for environment-friendly choices. Vegan fibre and silk is Surat’s latest breakthrough. Nearly 80 percent of the fabrics available in the market […]
WhatsApp payment service in India was launched in November 2020, by June 2021 it was made available to all users in India. In the USA, looking at the higher number of people using crypto wallets, WhatsApp has added a cryptocurrency payments feature for a limited number of users. The feature lets users send and receive […]
Knight Frank India has released ‘Outlook Report’ which highlights top trends for 2022. Report predicts capital value growth of 5% in residential sector and upswing in office space and warehousing supported by higher demand by IT companies and e-commerce platforms. Note of caution- The report highlights the fact that the recovery we have seen so […]
The output of food products and beverages manufacturing units in Gujarat has grown by a whopping Rs 4424.02 Crore from 2016-17 to 2018-19. In the year 2017-18 the food industry in the State stood at 128483.24. The total agri-food exports has grown from US$ 36.18 billion in 2014-15 to US$ 38.32 billion in 2020-21 at […]
The government will introduce a bill in Parliament which will regulate cryptocurrencies in India. Before that, Former Reserve Bank of India Governor Duvvuri Subbarao has said the Reserve Bank of India could lose control over the money supply and inflation management if cryptocurrency is allowed in the country. D. Subbarao who has served as the RBI […]
After the pandemic, the way we work has changed for good. Zoom became so huge that it’s now a go-to way for companies to hold meetings. After the threat of the new Covid variant ‘Omicron’, The Ministry of Corporate Affairs has issued a circular which will allow the companies to hold their Annual General Meetings […]
As many as 25 airports in the country are identified for asset monetisation. From Gujarat, Vadodara and Surat airports are in the Centre’s list. As per National Monetization Pipeline (NMP), 25 AAI airports have been earmarked for asset monetization over the years 2022 to 2025 namely Bhubaneshwar, Varanasi, Amritsar, Trichy, Indore, Raipur, Calicut, Coimbatore, Nagpur, […]
An incentive of Rs. 120 crore has been provided for Indian manufacturers of drone and drone components on the basis of their value addition in India, calculated as the annual sales revenue from drones and drone components (net of GST) minus the purchase cost (net of GST) of drone and drone components. The incentive is […]
More than One Lakh pensioners are currently being serviced by Principal Controller of Communication Accounts/ Controller of Communication Accounts offices all over India via SAMPANN which has improved the service delivery to pensioners by providing a single window setup ensuring the following benefits: It has ensured recurring monthly savings to the Government of India on […]
Even as Gujarat Chief Minister Bhupendra Patel was hardselling his state as an ideal investment destination in United Arab Emirates for two days, a Congress-led Rajasthan Government team took just one day in Ahmedabad to walk away with commitments of a whopping Rs 1,05,000 crore from Gujarati industrialists. Patel was in UAE on his first […]
The pandemic has slowly but surely changed the world order. One thing remains unchanged though. Privileges for ministers continue while the common man has to bear the brunt of taxes and inflation. The period between June 2020 to November 2021 saw 43 MLAs from both, the ruling BJP and the Opposition Congress, claim Rs 1 […]
The National Company Law Tribunal is a quasi-judicial body set up by the Central Government in 2016 under Section 408 of the Companies Act, 2013. The main function of this body is to govern the companies which are registered in India. Recently, the Mumbai bench of the NCLT in an order stated that a company […]
In a run-up to the Vibrant Gujarat Investors, Summit Gujarat Government is working overtime to make this event a grand success. As a part of a Pre Summit event, twelve companies signed MOUs worth Rs.14,165 crore. These MOUs are indicative of the success of Vibrant Gujarat as they will generate employment for 24,530 people. Chief […]
The State Goods and Services Tax (SGST) Department recently issued notices to 7,000 to 8,000 taxpayers in the city for the year 2017-18, seeking 17 types of details. The taxpayer will have to provide all these details in person. When GST was introduced, the government announced that all procedures and taxpayers records will be kept […]
India registered yet another milestone on Saturday of inoculating over 1 crore Covid-19 vaccine doses in a single day. The country has achieved this success for the sixth time. Meanwhile, the ‘Har Ghar Dastak’ vaccination campaign is underway. Union health and family welfare minister Mansukh Mandaviya took to Twitter to hail India’s achievement. “India achieves […]
In the run-up for the Vibrant Gujarat Summit to be held in January 2022, Gujarat Chief Minister Bhupendra Patel was in Mumbai for the second Vibrant Gujarat roadshow, after one in Delhi on November 25. Speaking in Gujarati before a group of investors and fintech firms, the Chief Minister pushed hard also for the financial […]
The Health Ministry on Thursday urged citizens to maintain calm soon after two Covid -19 Omicron variant was detected in Bangalore – in men aged 46 and 66. The 46-year-old man is a health worker from Bengaluru who developed symptoms (fever and body ache) on November 21, following which his samples were sent for genome […]
