Simplified Patent and Copyright Registration helping India become an innovation hub

Simplified Patent and Copyright Registration helping India become an innovation hub : Shri Piyush Goyal Fees for Start-ups, MSMEs, Women Entrepreneurs reduced by 80% India sees four fold increase in Patent and Trade Mark registrations during the last 5 years India’s ranking in Global Innovation Index up from 81st to 48th position Ministry of CommerceContinue reading “Simplified Patent and Copyright Registration helping India become an innovation hub”

GST Revenue collection for July 2021 : Rs. 1,16,393 crore gross GST revenue collected in July

The gross GST revenue collected in the month of July 2021 is ₹ 1,16,393 crore of which CGST is ₹ 22,197 crore, SGST is ₹ 28,541 crore, IGST is ₹ 57,864 crore (including ₹ 27,900 crore collected on import of goods) and Cess is ₹ 7,790 crore (including ₹ 815 crore collected on import of goods).The above figure includes GST collection received from GSTR-3B returns filed betweenContinue reading “GST Revenue collection for July 2021 : Rs. 1,16,393 crore gross GST revenue collected in July”

Thought of the day- 31 July 2021 -Each is great in his own place (Part-4)

This is a great lesson for us all to learn, that in all matters the two extremes are alike. The extreme positive and the extreme negative are always similar. In reading the Bhagavad-Gita, many of you in Western countries may have felt astonished at the second chapter, wherein Sri Krishna calls Arjuna a hypocrite andContinue reading “Thought of the day- 31 July 2021 -Each is great in his own place (Part-4)”

Functionality to check and update bank account details (GST Portal update 29 July 2021)

How to add bank account in GST registration details. A functionality to check status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same, has been introduced, in view of Rule 10A of the CGST Rules 2017. Such taxpayers are required toContinue reading “Functionality to check and update bank account details (GST Portal update 29 July 2021)”

Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominance

Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominance Complaints have been forwarded to relevant Government agencies for necessary examination and investigation Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regardingdeep discounting, predatory pricingContinue reading “Government has received complaints from traders, retailers and industry associations against marketplace e-commerce entities regarding deep discounting, predatory pricing and misuse of market dominance”

APEDA organizes orientation programme for start-ups for boosting agricultural products exports from Rajasthan

In a bid to give fillip to the start-up ecosystem for promotion of agricultural products exports, APEDA in association with Agriculture University, Jodhpur, Rajasthan organized a programme where more than 430 farmers, students, traders and other stakeholders had participated. The orientation programme for start-ups in agri-export, was aimed at creating awareness among farmers and agricultureContinue reading “APEDA organizes orientation programme for start-ups for boosting agricultural products exports from Rajasthan”

The combined Index of Eight Core Industries increases by 8.9 per cent as compared to the Index of June 2020

The combined Index of Eight Core Industries increases by 8.9 per cent as compared to the Index of June 2020 The production of Coal, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity industries mark an increase in June 2021 over the corresponding period of last year INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FORContinue reading “The combined Index of Eight Core Industries increases by 8.9 per cent as compared to the Index of June 2020”

For the first time, Agri Exporters from the remote Districts of India connected to the international buyers from USA, the UAE, and Japan

For the first time, Agri Exporters from the remote Districts of India connected to the international buyers from USA, the UAE, and Japan Virtual trade fair organised by DGFT sees 197 exhibitors from the states of Punjab, Himachal Pradesh, and Union Territories of Jammu & Kashmir and Ladakh showcase their products to 300 visitors andContinue reading “For the first time, Agri Exporters from the remote Districts of India connected to the international buyers from USA, the UAE, and Japan”

Notification No. 63/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the MinistryContinue reading “Notification No. 63/2021-CUSTOMS (N.T.) in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.”

Income Tax Department conducts searches in Kanpur

The Income Tax Department carried out a search action on 29.07.2021 on a large group based in Kanpur and Delhi. The group is in the business of manufacturing Pan Masala and in real estate. A total of 31 premises were searched spread across Kanpur, Noida, Ghaziabad, Delhi and Kolkata. The group has been earning hugeContinue reading “Income Tax Department conducts searches in Kanpur”