SIGN IN SUBSCRIBE

News Update

GST - Via automated email and SMS on registered mobile number, SCNs were sent for all periods - Only for 2019-20, petitioner states that he did not receive copy and which is not possible to accept - Nonetheless, petitioner permitted to file appeal: HCGST - Respondent department has failed to assign any valid reason justifying the action of cancellation of registration and that too with retrospective effect: HCCus - Classification of product is a recurring and a legal issue - Court deems it appropriate to remand the matter to CESTAT, for a fresh adjudication on the classification issue itself: HCCus - T-3 IGI - Gold bangles weighing 50 grams seized - Since one year period has elapsed, no SCN can be issued - Detention impermissible: HCCus - Old iPhones seized - Whether SCN was delivered to petitioner within prescribed period is a question of fact - Reply to be filed and provisional release may be sought: HCGST and the tipping pointGovt amends quality control order for vinyl acetate monomerCX - Co-noticees cannot be held liable once the main noticees have resolved the matter under SVLDRS, as no further liability exists for them: CESTATGovt notifies 7.1% interest rate for Special Deposit Scheme for non-govt Provident FundsCus - The right to a fair hearing is fundamental and must be upheld even if procedural lapses occur on the part of appellant or department: CESTATGovt makes Aadhaar mandatory for receiving MSME benefitsST - Extended limitation - Department can request further documents or conduct an inquiry if duty escapes assessment; audit process should not be used as basis to assume suppression of facts: CESTATGovt revises procurement guidelines to give preference to domestically-manufactured iron and steelST - Department cannot invoke extended limitation on charges of evasion of tax, where it is aware of assessee's activities during relevant period: CESTATIndia delivers 625 MT of relief materials to quake-devastated MyanmarST - Allegations of suppression of facts with intent to evade payment of tax, do not hold where based on open-source documents & where issue involves interpretation of law: CESTATWorld waits with baited breath for Trump’s reciprocal tariff todayI-T - If AO had issued notice u/s 148A(b) which is much earlier to time-limit stipulated, i.e. within three years, then same can't be challenged on ground of limitation period: HCBatman, Val Kilmer, breathes last at 65India’s defence exports peaked to Rs 24K Crore in last fiscal: RMI-T- Re-assessment invalid where reasons therefor did not clearly identify any material facts that were not disclosed during original assessment: HCTrump freezes federal grants to Princeton Univ
 
FM to launch 'NITI NCAER States Economic Forum' portal today

 

By TIOL News Service

NEW DELHI, APR 01, 2025: NITI Aayog, in collaboration with the National Council of Applied Economic Research (NCAER), has developed a portal which is a comprehensive repository of data on social, economic and fiscal parameters, research reports, papers, and expert commentary on State Finances for a period of about 30 years (i.e 1990-91 to 2022-23). Hon'ble Finance Minister Nirmala Sitharaman will launch the "NITI NCAER States Economic Forum" portal on 1st April, 2025 in New Delhi. 

The portal has four main components, namely: 

1. State Reports - summarising the macro and fiscal landscape of 28 Indian States, structured around indicators on demography, economic structure, socio-economic and fiscal indicators. 

2. Data Repository - offering direct access to the complete database categorised across five verticals viz. Demography; Economic Structure; Fiscal; Health and Education. 

3. State Fiscal and Economic Dashboard - showcasing graphical representations of key economic variables over time and provide quick access to raw data through a data appendix or additional information through summary tables. 

4. Research and Commentary - draws on extensive research on State finances and critical aspects of fiscal policy and financial management at the State and national levels.

The portal will facilitate an understanding of macro, fiscal, demographic, and socio-economic trends; easily accessible data and user-friendly format and will also address the ongoing need for consolidated sectoral data in one place. It will further help in benchmarking the data of each state against that of other States and the national figures. It will also provide a forum to policymakers, researchers, and others interested in alluding to the data for informed debates and discussions.

The portal will serve as a comprehensive research hub, offering a wealth of data and analytical tools for in-depth research studies. It will act as a central repository of information, providing access to an extensive database of social, economic, and fiscal indicators spanning the past 30 years. By leveraging historical trends and real-time analytics, users will be able to track progress, identify emerging patterns, and formulate evidence-based policies for development.

 


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Technical Session 1: Decoding New Income Tax Bill 2025

TOP NEWS


VISION 360






Technical Session 2 - Retrospective Taxation - Surge in GST Litigation - Possible Remedies.

TII LATEST

TIOLCORPLAWS LATEST