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Parliament watch: Measures to push GST mopup

Parliament watch: Measures to push GST mopup SECTIONS Last Updated: Mar 17, 2021, 09:20 AM IST Share Synopsis “Greater awareness about the GST structure and punitive action in case of non-compliance needs to be created among the assessees on a wider scale,” the committee headed by Jayant Sinha, added in its report presented in Rajya Sabha, Tuesday. Agencies Corporate Social Responsibility (CSR) funds are not used for implementing the government s central schemes, the government on Tuesday informed Parliament. The Parliamentary standing committee on finance sought that the government initiates all possible structural and enforcement related measures to shore up GST collections, in order to make up for the compensation requirement for states amid loss in revenue collections due to the Covid 19 pandemic. It noted, however, that collections were on the rise in recent months, it recommended in its report on demand for grants for 2021-22. The committee asked the department to

Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree

Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree Tata Sons has agreed to acquire control of India s largest online grocer BigBasket; Reliance Industries recently acquired additional equity stake in the US-based technology company skyTran Inc Nevin John | March 15, 2021 | Updated 21:37 IST Indian conglomerates are in a race to acquire assets for building comprehensive business ecosystem around each business that they are in. Tata Group, Reliance Industries (RIL), Aditya Birla, Adani, JSW and Vedanta are among those acquiring smaller companies, including start-ups, to fill gaps in their portfolios. Tata Sons has agreed to acquire control of India s largest online grocer BigBasket, in a deal valued at more than $1 billion. Tata Digital, the newly floated subsidiary which is building Super App, looks to strengthen its e-tail portfolio through the acquisition. The salt-to-aviation conglomerate is also in talks with Just Dial, the 24-year old local discovery p

Centre ready to cut duty on auto fuel - The Hindu BusinessLine

Centre ready to cut duty on auto fuel March 15, 2021 The Centre levies excise duty on petrol and diesel at specific rate while the States levy VAT at ad-valorem   -  The Hindu The Centre levies excise duty on petrol and diesel at specific rate while the States levy VAT at ad-valorem   -  The Hindu× No proposal yet to bring petrol, diesel, jet fuel under GST, says Anurag Thakur The government has said that the Centre is ready to consider the idea of reducing the tax on petrol and diesel, but the States should also consider it. This information was given by Minister of State for Finance Anurag Singh Thakur to Lok Sabha on Monday.

Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree

Tata, Reliance, Adani! Big corporates in an aggressive acquisition spree
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