State governments not keen to levy GST on exempted goods
“Goods on the exempted list are mass-consumption items. No state will agree to include them,” said the finance minister of a BJP-ruled state. West Bengal FM Amit Mitra also dismissed the GST Council secretariat’s suggestion for a review of the exempted items. The secretariat had shot off a letter to states seeking a revision of exempted items.
CBI can't take refuge in exemption clause under RTI Act to deny info on corruption cases: CIC
Hearing a case filed by whistleblower bureaucra...
Exempt Tibetans from JNU fee hike: Dalai Lama
The letter, dated November 27, has sought an “urgent intervention” of the ministries of externa...
Can I claim HRA exemption for rent paid for two locations?
An individual can claim an exemption on house rent paid during the financial year. There are certain rules that must be followed to calculate the amount of exemption that can be claimed by you.
Alcohol manufacturers plead NITI Aayog for import duty exemption on ENA
The alcohol manufacturers have pleaded that there is a massive shortage in domestic supplies of ENA following diversion of ethyl alcohol for bio-fuel blending by oil marketing companies (OMCs) in the country.
Sebi exempts govt from open offer to Canara Bank shareholders
In September, the finance ministry had decided to infuse Rs 6,571 crore in the lender.
Tea planters seek exemption from two per cent TDS on cash withdrawal over Rs 1 crore
India, ASEAN and BBN countries (Bangladesh, Bhutan, Nepal), the entire region is a huge market. Moreover, India’s trade with ASEAN has reached 81 billion dollars, which is 10% of the total foreign trade of India.”
RBI withdraws some exemptions granted to HFIs
Like every NBFC, housing finances are too now mandated to create a reserve fund and transfer minimum 20% of its net profit every year to the fund before any dividend is declared.
Electric vehicles exempted from odd-even scheme
Delhi Transport Minister Kailash Gahlot in a statement said that the number of registered electric vehicles in the city was less than 1,000 and they are not likely to cause any congestion.
Ranbaxy case: Radha Soami chief seeks exemption from court appearance
The court had in October ordered Gurinder Singh Dhillon along with his wife Shabnam, sons Gurkirat and Gurpreet and daughter-in-law Nayan Tara to be personally present in the court on November 14, after Dhillon and his family members had said that they did not owe any money to RHC Holding Pvt Ltd, promoted by Malvinder and Shivinder Singh.
Sabka Vishwas Scheme gaining traction; over Rs 5,000 cr dues declared so far
Finance Minister Nirmala Sitharaman had unveiled the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 with the objective of settling pending disputes of Service Tax and Central Excise in the budget. A mid-term review reveals that a total amount of Rs 5,472 crore inclusive of pre-deposit amount of Rs 4,225 crore has already been declared under the scheme.
Cash-starved CG Power wants to tap markets, said to seek Sebi exemption
The company has sought an exemption on tapping the markets from the Sebi.
Disability pension for military will be exempt from tax only upto a limit
The COSC comprising the chiefs of the army, air force and navy sent recommendations to the defence ministry on disability pension. One of the recommendations was “that income tax exemption should be given on the disability part of pension upto a certain limit,” according to Lt Gen Ashwani Kumar, the army’s Adjutant General, who deals with the matter.
Government continues British-era exemption given to Kodavas of Coorg for arms licence
The Kodavas are the only community in the country who are exempted from obtaining arm licenses. The exemption has been given for a tenure of 10 years, till 2029.
EESL urges Delhi govt to exempt electric vehicles from odd-even scheme
The Delhi Government has brought the road rationing scheme to deal with rising level of pollution in the National capital region. The scheme will be implemented from November 4 to 15. Pollution levels in Delhi and satellite towns shot up again on Sunday morning, with the air quality bordering the 'severe plus' category at several places.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service