India is one of the highest taxing nations in the world: Donald Trump

India is one of the highest taxing nations in the world: Donald Trump

WASHINGTON: India is one of the highest taxing nations in the world, US President Donald Trump has alleged as he again slammed the country for imposing 100 per cent tariffs on American products, including the iconic Harley-Davidson motorcycles. Such a high tariff is not fair, Trump said on Tuesday during National Republican Congressional Committee Annual […]

Governor admin opts enhancing threshold, composition limit under GST

Governor admin opts enhancing threshold, composition limit under GST

NEW DELHI: J&K Governor’s administration has decided to enhance threshold, composition limit under GST as proposed by the GST Council in its 32nd meeting held here on Thursday. The 32nd GST Council meeting was held under the chairmanship of Finance Minister Arun Jaitley. The State of Jammu and Kashmir was represented by Advisor to Governor, […]

GST having negative effect on tourism in JK: Par panel

GST having negative effect on tourism in JK: Par panel

New Delhi: The Goods and Services Tax has had a “negative” effect on tourism in Jammu and Kashmir, a parliamentary panel has noted, adding the Government of India (GoI) should reconsider the indirect tax regime on tourism-related activities in the northern state. The Committee on Development of Tourism in Jammu and Kashmir, in its report, […]

IT recoveries from J&K reach record levels

IT recoveries from J&K reach record levels

SRINAGAR: Despite the multiple onslaughts the Jammu and Kashmir economy has faced in the last eight years, its volume of income tax has increased by nearly 100 percent. According to the Central Board of Direct Taxes (CBDT) data, Rs 1,302 crore have been recovered from assessees by the Income Tax Department during the financial year […]

GST Council cuts rates on 23 items, rationalises 28% slab

GST Council cuts rates on 23 items, rationalises 28% slab

NEW DELHI: In a relief to the common man, the GST Council on Saturday cut rates on 23 commonly used goods and services, including TV screens, movie tickets and power banks. The annual revenue implication of the rate cuts would be Rs 55 billion, Finance Minister Arun Jaitley said. The council rationalised the 28 per […]

Tax dept to act against 1300 dealers for skipping GST

Tax dept to act against 1300 dealers for skipping GST

JAMMU: The State Taxes Department is contemplating to launch special drive against non-filers of GST Returns who have failed to file returns since launch of GST (July, 2017) and also such business units who have made purchases worth crores but have not filed the GSTR3B returns. The department has identified more than 1300 such dealers, […]

Jaitley admits areas of difference between govt and RBI

Jaitley admits areas of difference between govt and RBI

Mumbai: Finance minister Arun Jaitley on Thursday admitted there were two-three areas of differences with the Reserve Bank of India (RBI), but questioned how a mere discussion on its functioning could be considered “destruction” of an institution. Under attack politically for creating circumstances that led to the resignation of Urjit Patel as the RBI governor, […]

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