News Update

GST - Attachment of Bank accounts - 15000 employees awaiting their salary - what is critical is whether the properties offered as security are unencumbered and whether company is in possession of the original title deeds: HCGST - Jt. Commr . of Commercial Taxes (A), without application of mind, has proceeded to reject the appeal which is arbitrary and in contravention of principles of natural justice - Order set aside: HCEnsure India's global recognition as a quality conscious nation: Piyush GoyalDigital India will unite urban India with rural Bharat: Sanjay DhotreBharat Biotech announces Covaxin Phase 3 results, says interim vaccine efficacy of 81 per centCBIC promotes 3 officers as Pr Chief Commissioner on in-Situ basisGST - Goliath 'retired' from Revenue Lexicon without retyring 'Due Date'!I-T - Statement recorded u/s 132(4) can't alone constitute incriminating material for carrying out assessment u/s 153(A): HCI-T - Disallowance u/s 14A r/w 8D(2)(iii) should be restricted only to percent of average investment income which is exempt, irrespective of whether such exempt income is received during relevant AY: HCI-T - When assessee claims to be involved in a manufacturing business, inspection of assessee's facility is a pre-requisite to understand nature of activity and only then proceed with assessment: HCTNVAT - Denial of ITC in respect of sales made to an EoU, is unsustainable, where relevant provision in TNVAT Act provides two options to either claim ITC or have it adjusted: HCGST Linked Incentive to J&K - A few questions - GST - An agenda for reforms - Part - 99ITC fraud - Gandhinagar CGST finds 68 fake units linked to Mumbai-based corporateAnti-dumping duty on phenol extended till June for imports from certain countriesDouble taxation - CBDT lays down procedure to deal with taxpayers' painWTO's Okonjo-Iweala 'ready to go' as she pushes for fisheries dealExpenses incurred in relation to earning of taxable income cannot be disallowed as direct expenses relating to earning of exempt income: ITATPenalty imposed is unsustainable where SCN omits to mention the specific provisions of Sec 271(1)(c) which had been contravened: ITATInsurance premium paid by employer for employees' family members, is allowable as business expenses, more so where the same was allowed in earlier AYs: ITATVAT - Transactions entered into by assessee were baldly held as taxable at higher rate, without examining relevant documents furnished by assessee - case remanded for reconsideration: HCUS House approves police reform bill - bans chokeholds & no-knock warrantsDouble taxation - CBDT lays down procedure to deal with taxpayers' pain   India proposes International Year of Millets 2023 and UN General Assembly adopts resolution by consensusGovt extends tenure of Delimitation Commission set up for J&K, Assam, Arunachal, Nagaland & Manipur for one more yearUK’s Chancellor Sunak proposes tax hike on companies & no roll-back of COVID-19 rescue schemesCOVID-19 - Strange! If infected by South African variant, it offers higher immunity against other variants, reveals StudyAfter health, Budget 2021-22 biggest focus is education: PM'Upgrade, create, dedicate' mantra for infrastructure sector: Goyal at Maritime India SummitEducation Ministry denies NIOS taking 'Gita, Ramayan to madrassas'My Lord or My Lady - How do you address a lady judge?Cabinet approves India-Fiji agreement for cooperation in agriculture and allied sectorsIndia's energy transition will be 'healthy mix' of all commercially viable sources: PradhanCabinet approves India-France pact on renewable energyGovt amends Insurance Ombudsman Rules, empowers policyholdersInnovation should be affordable for masses: Goyal at Global Bio-India Startup Conclave
 
Commerce, urban affairs ministries to focus on on logistics planning in 50 cities

By TIOL News Service

NEW DELHI, JAN 21, 2021: THE Ministry of Commerce and Industry will work with the Ministry of Housing and Urban Affairs to focus on 50 cities for logistics planning, which will ultimately enhance their ease of doing business, an official statement on Wednesday said.

The Department of Commerce organised the National Conference with States on Logistics on Tuesday, with the objective of initiating a consultative and collaborative framework for the Central and State Governments to work in a coordinated manner in the logistic sector.

The ministry said the conference was attended by more than 175 participants from across India, the Central ministries and industry bodies.

"The conference emphasized that States have a key role to play in improving the country's logistics performance," it said.

A comprehensive 18-point agenda was presented to the States identifying the thrust areas for logistics improvements as city logistics, simplification of approvals for warehouses, facilitation for warehousing development, reducing burden on truck movement and addressing shortage of truck drivers.

The ministries of commerce and urban affairs were asked to work together on developing a plan to reduce the enforcement burden on truckers.

States appointed senior officials as nodal officers and agreed to establish State-level coordination committees on logistics. Central ministries looking after transportation were also asked to appoint state nodal officers for coordination.

"The Logistics Division of the Ministry of Commerce and Industry will embark on things on survey to assess and rank States on logistics performance. The State ranking will focus on data in addition to perspective on logistics performance," said the ministry, adding "Support will be provided to the States to improve the capacity for logistics coordination."

In his address Commerce and Industry Minister Mr Shri Piyush Goyal said that the National Logistic Policy, which is under consultation, will work as a template for better coordination and integrated development in logistics sector.

He said that the logistic team in the ministry is trying to integrate various means of transport, documentation and stakeholders through technology platforms, into a much-simplified way of working, which will enhance the ease of doing business.


POST YOUR COMMENTS