Day: October 8, 2017

Revised GST rates on job work services

The GST Council in the 22nd meeting held on 6th October 2017, revised the rates on job work services. It’s a big relief to small units. The GST rates on job work services is being rationalized as follows :- S. No Description of Service Rate 1 Job work services in relation to all products falling in Chapter 71 (including imitation jewellery) 5% 2 Job work services in relation to food and food products falling under Chapters 1 to 22 of the HS Code (except packing of processed milk into packets) 5% 3 Job work services in relation to products...

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Government Receives Vital Information from 13 Banks Regarding Post Demonetization Transactions

Government of India receives vital information from 13 Banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off the Register of Companies earlier this year;  Investigative agencies have been asked to complete necessary investigation in a time bound manner. In what is undoubtedly a major breakthrough in its fight against black money and shell companies, vital information has been received by the Government of India from 13 banks regarding the bank account operations and post-demonetization transactions of some of the 2,09,032 suspicious companies that had been struck off...

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Skill development is an important area in which NGOs must work

The Vice President of India, Shri M. Venkaiah Naidu has said that skill development is an important area in which NGOs and voluntary bodies must step up their activities to meet the growing requirement of vocational training and enable youth to find gainful employment or become entrepreneurs. He was addressing the gathering after giving away the ‘Rashtra Sewa Awards’ constituted by the Krishna Foundation, here today. The Deputy Chairman of Rajya Sabha, Dr. P.J. Kurien and other dignitaries were present on the occasion. The Vice President said that Krishna Foundation has chosen poet and writer, Shri P. Parameswaran and...

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