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  • Iran stays within main limits of nuclear deal, IAEA report shows
  • Britain warns of Islamic State attacks in South Africa after couple kidnapped
  • Cong complains EC against MP govt on bypoll
  • Saudi Arabia frees nine Iranian fisherman detained two years ago -Iran
  • Union Minister stresses for comprehensive development of Aspirational Districts of Assam
  • Japan wins WTO dispute over South Korean bans on Fukushima-related food
  • Sujuwan Army camp attack: NIA registers case
  • Over 10,000 toilets in 100 hours, Bihar's Gopalganj sets record
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GST: Centre warns companies from hiking fees, says will monitor prices

GST: Centre warns companies from hiking fees, says will monitor prices

Srinagar, May 19 (UNI) With Goods and Services tax (GST) coming into force in the country from July 1, the Centre today warned companies, including MNCs, from hiking prices as it will be monitored under the anti-profiteering law. “We have an anti-profiteering law, the machinery may come subsequently, but they (companies) will be called in anytime for any action they take… after today or even before that in the anticipation of rates going down they have increased the rates, they will be called and asked to explain the move,” Revenue secretary Hasmukh Adhia told reports here. Mr Adhia asked the big corporate to not indulge in such activities and be honest and pass down the benefits of GST to consumers. “We will try to operationalise the mechanism as soon as possible. But even if that is setup in three months, it can ask companies to produce its costing and balance sheets,” he said. “Say suppose, if a company has increased 3 per cent rates in the last 3 month, it can be asked to explain itself,” he added. Meanwhile, Mr Adhia asserted that the effective tax rate will be lower than the headline rate as companies will get input tax credit for goods and services. He said players like Flipkart, Snapdeal will have to deduct 1 per cent TCS (tax collected at source) while making payments to the suppliers. UNI ABS SW SNU 1909

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Illegal mini gun factory unearthed in Bihar

22 Feb 2018 | 10:24 PM

Khagaria, Feb 22 (UNI) Police seized huge cache of firearms and arrested two criminals by unearthing an illegal mini gun factory at Muskipur village under Gogri police station area in the district today.

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Union Minister stresses for comprehensive development of Aspirational Districts of Assam

22 Feb 2018 | 10:21 PM

Guwahati, Feb 22 (UNI) MoS for Railways Rajen Gohain today requested all concerned district and State level functionaries to do detailed resource mapping in the districts identified as backward and prepare achievable action plan.

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Over 10,000 toilets in 100 hours, Bihar's Gopalganj sets record

22 Feb 2018 | 10:15 PM

Gopalganj, Feb 22 (UNI) Bihar`s Gopalganj district has set a new record by constructing more than 10,000 toilets in only 100 hours.

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22 Feb 2018 | 10:14 PM

The Chief Minister said the due dates of filing the returns for the month of July, August, September, October, November 2017 were extended.

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VAT, GST collection estimated at around Rs 3800 cr: Goa CM

22 Feb 2018 | 10:12 PM

Panaji, Feb 22 (UNI) Goa Chief Minister Manohar Parrikar, who also finance portfolio, on Thursday infomred State Assembly that upon implementation of GST, the total VAT and GST collection was estimated at around Rs 3800.

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