About 45,000 taxpayers, which equals to only 0.37 percent of the total businesses registered in the Goods and Services Tax System, will be required to fulfill the mandatory requirement of a 1% percent cash system of GST liability with effect from January 1.
On provident fund, the union said that there are two separate Provident Fund trusts in erstwhile Air India and erstwhile Indian Airlines which are governed by the 1925 PF Trust Act.
With no major domestic event lined up this week, equity markets would look at global trends, updates over the new virus strain and progress on vaccination to derive cues for further movement, analysts said. Equity markets may also witness volatility amid the monthly derivative expiry.
Bitcoin, the world's most popular cryptocurrency, has surged past the USD 26,000 level to set an all-time record high, according to trading data. On Binance, the largest cryptocurrency exchange by trading volume, Bitcoin was trading at USD 26,286.74, as of 20:45 GMT on Saturday.
The mandatory requirement of 1 percent cash payment of GST liability with effect from January 1 would be applicable to about 45,000 taxpayers, which is only 0.37 per cent of the total businesses registered in the Goods and Services Tax system, Revenue Department sources said on Saturday.
The State Bank of India and Punjab and Sind Bank have been allegedly cheated of over Rs 131 crores in two separate cases of fraud.
India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday.
The bank holidays are listed by State Government, Central Government, and Union Territories under the Negotiable Instruments Act, 1881. Also, holidays declared by the central government apply to both public and private sector banks.
Fashion ecommerce platform Myntra on Friday said it sold 1.1 crore items to more than 32 lakh customers during its 13th, five-day End of Reason Sale that ended on December 24.
The covid-19 induced turmoil showed weakness as well as resilience of India's economy in 2020, as the country's GDP recorded abysmal fall and breathtaking recovery.
With FASTag being mandatory for vehicles from January 1, 2021, the NHAI has made all necessary arrangements to provide seamless movement of vehicles at toll plazas.
Four people, including a Chinese national, have been arrested for allegedly using coercive methods to recover dues from defaulters who had used 11 instant loan apps developed by them, police said.
RIL had formed an equal joint venture with IMG Worldwide, an international sports marketing and management company, in 2010 to develop, market and manage sports and entertainment in India.
Impacted by the coronavirus pandemic, the Indian economy dipped by a historic 23.9 per cent in the first quarter of the current financial year. The contraction narrowed down to 7.5 per cent in the second quarter.
Sovereign Gold Bond 2020-21 is issued by the Reserve Bank India on behalf of the Government of India.
Declaring that the UK had taken back control of its "destiny, money, borders, laws and waters", the UK prime minister hailed the new "comprehensive, Canada style, free trade deal" that will allow goods to be sold "without tariffs and without controls in the EU markets".
The bank had breached the minimum net worth requirement for two quarters in the financial year 2019-20, the RBI said in a statement.
The Enforcement Directorate (ED) has filed a charge sheet against M Sivashankar, former Principal Secretary to Kerala Chief Minister Pinarayi Vijayan, in a case related to money laundering. The charge sheet comprising more than a thousand pages was submitted before an Ernakulam ED court.
Union Minister for Road Transport, Highways and MSMEs Nitin Gadkari has announced that FASTag is being made mandatory for all vehicles in the country from the new year, the Ministry of Road Transport and Highways said in a statement.
Enforcement Directorate (ED) has provisionally attached assets worth Rs 4,109 crore under Prevention of Money laundering Act, 2002 (PMLA) in Agri Gold Ponzi fraud Case.
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