Aarohi Blog

Stamp obligation, property expense may remain out of GST Land may not completely go under the merchandise and enterprises impose (GST) in light of the fact that the stamp obligation and property duty can remain out of its ambit, recommends an introduction arranged for the GST Council. Read More... Russian firms grow impression in India On the off chance that you are not enlightened, it's far-fetched you have known about the VTB Group. It possesses the second-biggest bank in Russia, is known for its closeness to President Vladimir Putin and the legislature there, and, most importantly, is a budgetary powerhouse with a sprawling speculation managing an account business. … Read More AAI may issue Rs 5,000-cr bonds for air terminal tasks India's state-possessed airplane terminal organization, Airports Authority of India (AAI), is probably going to issue bonds to back air terminal ventures…Read More Benefit neglects to keep pace with speeding auto deals Rising...

A month after goods and services tax (GST) roll-out, a sudden deluge of gold imports from free trade partner South Korea has alarmed New Delhi. Swinging into action, the government is examining several options, including levy of safeguard duty on gold imports from South Korea to plug the route. Officials brainstormed on the matter through Tuesday, it is learnt. Among others, Revenue Secretary Hasmukh Adhia met Commerce Secretary Rita Teaotia to assess the situation. In July itself, 8,400 kg of gold, essentially in coins, came to the country from South Korea, compared to almost nil last year in the same month. Sources said that traders may be exploiting the favourable reduction in tax incidence under GST by routing imports through Seoul, to take advantage of the India-Korea Comprehensive Economic Partnership Agreement (CEPA), the free trade pact. ''There is a sharp rise in gold imports after GST implementation , only from South Korea. We are looking at all option...

The Reserve Bank of India (RBI), in tandem with public sector and commercial banks, has undertaken data mining on a massive scale to identify how funds have been moved in the country after November 8. The government has come down hard on individuals and businesses operating doctored accounts, having deregistered and shut more than 100,000 companies and penalised more than 300,000 others. The I-T department has also identified over 37,000 shell or paper companies channelling black money through methods such as hawala. As a part of its Operation Clean Money, the I-T department identifies individuals whose income tax return filings are inconsistent with the amount of cash deposits made in their bank accounts during the demonetisation drive. It then sends a notification through SMS or e-mail, and the individual must provide a response on the department’s website for the same. If you receive such a notice, do not panic or ignore it. First, verify that the PAN (Permanent Acco...

GST Implimentation -The Bombay High Court on Tuesday dismissed a public interest litigation seeking deferment of the implementation of the Goods and Services Tax (GST).A division bench, headed by Justice V K Tahilramani, said it was not inclined to interfere in the government's decision to implement the GST. The PIL, filed by city resident K S Pillai last month, challenged the Union government's decision to roll out the major tax reform in the middle of the financial year. The petition had sought a direction from the high courtto the government for deferment of the implementation of the GST till the beginning of the next financial year. The Centre had opposed the petition and said the decision to implement the GST had been carefully considered by Parliament. The Union government also said that the implementation of the GST was in public interest. "There is no prohibition in the law to prevent the government from implementing any Tax reform at any p...