News Update

9 pilgrims burnt to death as bus catches fire near Nuh in HaryanaSpain denies dock permission to ship carrying arms to Israel12 Unicorns, over 125 startups commit to onboarding ONDCBEML secures Rs 250 crore order from Northern Coal FieldsBharat Parv celebration takes centerstage at Cannes Film FestivalSteel industry should work towards reducing emissions: Steel SecretaryI-T - Additions framed on account of unexplained cash credit & unexplained money, are not tenable where cash deposits & withdrawals were of personal funds & were done through banking channels: ITATUS says not too many vibrant democracies in the world than IndiaI-T - Benefit of section 11(2) can not be denied merely on reasoning that form 10 is filed belatedly: ITATSwati Maliwal case takes new turn with Kejriwal’s assistant Bibhav Kumar filing FIR against herI-T- Unexplained money - Additions sustained as assessee unable to provide proper explanation for amount withdrawn & subsequently deposited into same bank account: ITATIndia says Chabahar Port to benefit Central Asia and AfghanistanRussia seizes Italy’s UniCredit assets worth USD 463 mnCus - Order re-determining transaction value based on CRCL test report is not correct & hence unsustainable: CESTATPutin says NO to Macron’s call for ceasefire in Ukraine during OlympicsCus - If price is not sole consideration for sale, then transaction value can be rejected under Rule 8 of Export Valuation Rules & then must be redetermined sequentially through Rules 4 to 6: CESTATBrazil to host women’s World Cup 2027Cus - If there is additional consideration for sale, then proper course for the officer is to reject transaction value & re-determine value under Rule 4 or Rule 5 or Rule 6 sequentially: CESTATSC upholds ICAI rules capping number of audits per year
 
FICCI extends full support for smooth GST rollout in N-E

By TIOL News Service

NEW DELHI, JUNE 24, 2017: THE President of Federation of Indian Chambers of Commerce and Industry (FICCI), Mr Pankaj R. Patel yesterday met Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh and assured him of full support from FICCI for the smooth rollout of GST, all over the country including in Northeast, from the midnight of June 30 and July 1.

Mr Patel also conveyed to Dr Jitendra Singh the FICCI plans to hold a mega event by the name “Northeast Connect 2017” at Kohima in the month of September.

Dr Jitendra Singh acknowledged the cooperation and constant assistance provided by FICCI during the last few months of preparations for the GST rollout from July 1. He also appreciated FICCI's role in organising a series of awareness workshops about GST filing procedures and other aspects across the country, including Northeast. He also noted the FICCI's scheduled participation in the mega event of Chartered Accountants congregation to be held in the union capital on the 1st of July.

Referring to a series of meetings that he has been holding over the last few weeks with trade representatives, stakeholders, Delhi based Resident Commissioners of 8 Northeast States and State Representatives of Northeast, Dr Jitendra Singh said, this has enabled all of us to gain confidence about the feasibility and workability of the GST even under relatively difficult conditions of the Northeast.


POST YOUR COMMENTS
   

TIOL Tube Latest

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.