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GST: Room rent in hospitals exempted from tax, govt clarifies

New Delhi: Rent paid by patients for hospital rooms will be exempted from the Goods and Services Tax (GST), the government said on Tuesday. Issuing clarifications on levy of GST on the tariff for various accommodation services, the Central…

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No tax cut on petrol, diesel despite rise in prices globally: Dharmendra Patel

New Delhi: Oil minister Dharmendra Pradhan on Wednesday ruled out cutting taxes on petrol and diesel to cushion the impact of rising international oil prices that has led to petrol rates increasing by over Rs 6 per litre since…

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Demonetisation: RBI says 99% banned notes are back; where is the black money?

Nearly 10 months after Prime Minister Narendra Modi announced demonetisation, the Reserve Bank of India (RBI) has finally come out with provisional figures on the count of old Rs 500, Rs 1000 notes that were returned to the…

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Reliance Jio to soon start JioFiber service in Delhi-NCR; to be free for 3 months

Since the last year, there are speculations that the Jio broadband service will be launched soon. Now, recent reports have tipped that the Reliance Jio might soon debut the high-speed JioFiber service in Delhi-NCR. Going by a tweet…

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Mandatory Aadhaar For Social Benefits Deadline Extended Again! This Time To Dec 31

The deadline for making the Aadhaar card mandatory to avail social benefits has been pushed back once again and has been delayed to December 31 from the earlier September 30, the Centre told the Supreme Court on Wednesday….

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No proposal to re-introduce 1,000 rupee notes, says Finance Ministry

Within days of introducing new 200 rupee notes, the finance ministry on Tuesday ruled out re- introduction of Rs 1,000 currency bills that were scrapped as part of the demonetization move last November. “There is no proposal to…

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BSNL launches GST Suvidha Provider Services with Masters India

In collaboration with Masters India State-run telecom operator, Bharat Sanchar Nigam Limited (BSNL) has launched GST Suvidha Provider Services. BSNL Chairman and Managing Director (CMD) Anupam Shrivastava said, “We believe that when this GST service will be offered…

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What to do if you missed your ITR filing

There are penalties and interest on tax that has not been paid. Filing returns on time entitle you to earn interest on Tax Deducted At Source (TDS) from April 1, 2017. July 31 is usually the last date…

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Retirement Fund Body Mulls Over Crediting ETF Investments To PF Accounts

Retirement fund body EPFO is considering crediting subscribers’ share of its investments in ETFs to their provident fund accounts which may be redeemed at the time of taking advances. The Employees’ Provident Fund Organisation (EPFO) has sought views…

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GST mop-up in first month beats govt’s estimate

NEW DELHI: The government has managed to mop up Rs 92,283 crore from goods and services tax during the first month of the new regime, from a little under 65% of the registered taxpayers. The collections are marginally…

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