Regulation

Visa lifeline for IT: US H-1B premium visa processing is back on the rails

Premium processing has also been resumed for the annual 20,000 additional petitions set aside for workers with US higher educational degrees.

Sep 19, 2017

GoM admits that network glitches stymied GST filing

Sushil Kumar Modi-led GoM gives Infosys a month to fix glitches, mandates that team will review progress every fortnight.

Sep 17, 2017

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No further extension in filing returns under GST: Government

July returns are to be filed by October 10 under GSTR1, October 31 under GSTR2 and November 10 under GSTR3.

Sep 17, 2017

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GST recoil: Exporters say higher costs hit orders, exports drop 15% till October

Costs rise 1.25 percent as govt delays duty refunds; resulting liquidity crunch forces exporters to postpone shipments.

Sep 16, 2017

GST: Rs 65,000 crore credit, CBEC to scrutiny claims value over 1 crore

CBEC has directed tax officials to verify GST transitional credit claims of 162 entities, whose claim valuation is over Rs 1 crore.

Sep 15, 2017

Bleak days for black: PAN, company audit reports enter govt's watchlist

Ministry of Corporate Affairs and CBDT to share data for carrying out scrutiny, inspection, investigation and prosecution.

Sep 14, 2017

Karnataka's ambitious push for green fuel: IT capital aims at becoming EV capital of India

Karnataka government has come up with a policy aiming at establishing EV manufacturing zones and facilities for testing that can be used even by start-ups.

Sep 14, 2017

Here are 4 Aadhaar-linking deadlines you need mark on the calendar

The government has made it mandatory to verify Aadhaar with know-your-customer (KYC). According to the new rules, one must submit Aadhaar and PAN details to be KYC-compliant.

Sep 13, 2017

Modi govt clears bill to double gratuity ceiling to Rs 20 lakh

With the amendment of the bill, the maximum limit of gratuity of employees of the private sector, public undertakings and autonomous organisations are now at par with the central government employees.

Sep 13, 2017

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Hell goes into 'shell': Over 100,000 directors of bogus firms to be booted out for 5 years

26 CAs associated in sustaining these shell companies have been identified

Sep 12, 2017

Bank employees to stage protests on September 15

The banking sector wants the government to focus on concerns such as staff shortage and real recovery of Non-Performing Assets (NPAs).

Sep 12, 2017

Horsepower vs bulldozers: Govt's electric impulse needs a better policy plug

We have some way to go before the creation of an EV ecosystem which the consumer can't escape.

Sep 11, 2017

GST peppered with input credit claims for Rs 62,000 crore in July

Govt to investigate unduly large input tax credit claims made before GST was introduced on July 1.

Sep 11, 2017

Bad loans: Credit rating must for next set of NPAs, says RBI

The lenders have informally informed companies regarding the on-the-rating requirement, but no official communication on this yet.

Sep 11, 2017

I-T department to bash the #, examine social media profiles of taxpayers

I-T department will launch 'Project Insight' to use Big Data analytics to match information from social media sites for mismatches between spending patterns and income declarations.

Sep 10, 2017