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Budget 2024 Updates

India successfully tests two ballistic missilesKhalistani activists polluting Canada: Canadian MP Chandra AryaUK Foreign Minister David Lammy meets PM ModiRs 1.72 lakh crore allocated for capital acquisition for defenceI-T- Re-assessment - additions quashed as assessee given fresh opportunity to adduce evidence; nevertheless, assessee failed to participate in hearing despite multiple notices - costs of Rs 40000/- imposed on assessee: HCVaishnaw hails Rs 2.62 lakh crore capex for RailwaysCX - Final product is copper cathodes and not sulphuric acid, which is a by-product - Oxygen gas captively consumed in manufacture of sulphuric acid is entitled to exemption in terms of notification 67/95-CE: HCElectric Mobility Promotion Scheme, 2024 notified to promote green mobilityGST - Same input and output supplies though attracting different tax rates at different points of time - Since para 3.2 of Circular 135 has been struck down as ultra vires, refund to be extended: HCBIS sanctions 82 projects to faculty members of various prominent institutionsGST - Demand confirmed since petitioner failed to file a reply - Petitioner can be given one opportunity to explain subject to they depositing 25% of disputed tax from its Electronic Cash register: HCBihar passes bill to curb paper leaks with Rs one crore fine & 10-yr jailGST - Petitioner's assertion that the ITC available in GSTR-2A exceeds that availed of in GSTR-3B was not considered - Matter remanded; bank attachment lifted: HC380-feet asteroid to fly past earth at 29K Kmph tomorrow: NASAGST - Legitimate trade and commerce by every supplier should be allowed to be carried on subject to payment of tax and statutory compliance - Registration to be revived: HCPax plane crashes with 23 onboard at Kathmandu airport; 18 killedGST - Petitioner unaware of SCNs and the orders passed - Subject to petitioner depositing 25% of disputed tax, matter remanded: HCINDIA bloc boycotts Parliament; says Budget is discriminatoryTaxonomy is not about taxesBudget for Vikasit BharatWill the Old Tax Regime be Consigned to A Margadarshak Role?July 21 (Sunday) was hottest day on earth since Ice Age: Scientists

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GST - July 1 - Another 'Disruptive' Decision?


GST

Sir,
Your face expresses the agony of each and every businessman in this country. There is no change in the mind set of the bureaucrats and the ministers in their dictatorial approach. GST was golden opportunity for this Govt. to seek the confidence of the businessman of this country by implementing it with care and caution and allowing time of atleast 3 months after Act & Rules are made available and testing of Govt. portal.
No one including Govt.is prepared for and yet they are blatantly misleading the H'ble PM and entire nation.
While interacting with foreign businessman we are cutting sorry figure about our Nation as a whole and India has become a laughing stock for them.
In short whatever India has gained in the world market in last two years has been washed out by the very same Government. Clumsy provisions of GST Law are bound to open 'flood gates' of corruption for money hungry Govt. machinery both at Centre and States.
it also shows that none of the political parties are serious about Nation other than their own well being. A pathetic situation wherein words are short to express feelings
Rajan Phansikar
Mumbai

Rajan Phansikar 22/06/2017

 

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