New CEO to be selected soon for SBI
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The central ministry of finance has commenced the activities for the selection of the new CEO for the country’s premier public sector bank, the State Bank of India
The Department of Revenue, Ministry of Finance, Government of India has opened a new Twitter Handle @askGST_GoI to invite queries from all taxpayers on GST.
Comply with RERA for loan eligibility
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Got any ideas to apply for housing loan? You may have to check whether your builder is compliant with the new rules by the centre.
Presently, for the employees working in various organisations, the Provident Fund at 10 percent of the basic pay is deducted every month from the employee salary as the Employee Provident Fund for the future.
Section 285BA of the Income-tax Act, 1961 requires furnishing of a Statement of Financial Transaction (SFT) for transactions prescribed under Rule 114E of the Income-tax Rules, 1962.
Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (Other than instant coffee) and Milk Powder, Present incidence of taxes on sugar is 8%.
Taxes on entertainments and amusements (covered by the erstwhile entry 62 of State List of the Constitution) have been subsumed under Goods and Services Tax (GST) except to the extent of taxes on entertainments.
The Tamil Nadu Hotel Owners Association has announced that the hotels in Tamil Nadu will remain closed on 30th May as a mark of protest against increased GST (Goods and Services Tax) imposed by the central government.
The roll out of Goods and Services (GST) Tax will bring benefits to the consumers due to reduced tax rates on various commodities such as packaged cement, medicaments, smart phones, and medical devices, etc.
Government of India has announced the Sale (re-issue) of Government of India Floating Rate Bonds 2024 for a notified amount of Rs. 3000 crore (nominal) through price based auction,
Internet facility in flights soon
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Internet connection facility is to be provided in flights soon in India.The Joint Director of the directorate of domestic flights, Lalit Gupta, informed that the facility will be given after the approval is given by the ministry.
There is no denying that people are fond of attractive discounts and offers. Any product or service offered at discounted rate will undoubtedly attract users and motivate them to avail the deals.
As the central government has decided to increase the taxes on financial services to 18 percent in the proposed GST (Goods and Services Tax), the banking charges for transactions will also go up.
GST is set to be implemented throughout the country from 1st July. A detailed meeting was held regarding fixing the percentage tax for different items. In this meeting, the prices (Taxes) for 1211 items were fixed.
The Government of India has announced the Sale (re-issue) of the following Government Stock.The auctions will be conducted using multiple price method. The auctions will be conducted by the Reserve Bank of India.
Egg price up at Rs. 4.13 per piece
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With the scorching summer in progress, the egg production in Namakkal region has gone down. Consequently, egg prices have gone up for Rs. 4.13 per piece.
Following the STENT price regulation for medical equipment, the regulatory authority to fix the price of medical procedures has planned to reduce the prices of 19 medical equipments.
