CBIC to assign risk rating to GST applications, taxmen to verify documents In order to check fake GST registration, CBIC will assign a risk rating to all applications and tax officers will cross-verify the documents submitted by the applicants with municipal records. The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday issued instructions to field offices ...

GST evasion carried out through 4,909 bogus establishments: Tax official Authorities have detected GST evasion to the tune of more than Rs 8,100 crore and it has been found that the offence was carried out through 4,909 bogus business establishments spread in parts of the country, a tax official from Madhya Pradesh said on Wednesday. MP Commercial Tax ...

With fewer than 15 days to deadline, check how to apply for higher pension The last date to apply for a higher Employee Pension Scheme (EPS) pension is approaching fast and according to the Supreme Court judgement, EPF members who joined the scheme on September 1, 2014 or after, and continue to be members are eligible for the scheme. However, ...

Cong slams govt over RBI policy change to settle loans of wilful defaulters Congress on Wednesday slammed the Centre after the Reserve Bank of India (RBI) brought in a policy that allows banks and finance companies to settle loans of accounts classified as “wilful defaulters” by entering into compromise settlements or technically writing off the loans, and asked why ...

Emirates flying premium economy to India on A380: What it means for flyers The launch on these popular routes is timed to coincide with the upcoming Diwali season.

Home prices costlier by 8% in India, Delhi-NCR sees steepest hike of 16% Housing prices across India’s top eight cities- Delhi NCR, Pune, Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata nad  Mumbai Metropolitan region- have risen 8 per cent  on year in the first quarter of 2023 amidst strong housing demand and aunches by top devellopers, according to a price tracker report ...

Where should you lock your money? Some small finance banks are  luring investors with interest rates as high as 8.5 per cent to nine per cent on fixed deposits after the Reserve Bank of India kept the key repo rate unchanged last week. With such high-interest rates offered by  these banks, investors would be keeon to  park their funds in ...

Why India’s millionaires are flocking to Dubai and Singapore Political stability, low taxation, and personal freedom are the top three  metrics for India’s millionaires when it comes to deciding where to live. About 6,500 Indian high-net-worth individuals are expected to move out of the country in 2023, according to the Henley Private Wealth Migration Report.  This number is 13% ...

India to lose 6,500 millionaires in 2023, Dubai and Singapore top choice India is likely to see an outflow of at least 6,500 high-networth individuals in 2023, slightly lower than last year’s figure of 7,500, according to the Henley Private Wealth Migration Report, 2023, which tracks wealth and investment migration trends worldwide. ‘Millionaires’ or ‘high-networth individuals’ (HNWIs) refer to ...

Goldman Sachs’ biggest office beyond New York attests to India’s rise By Subhadip Sircar and Ruchi Bhatia On the eastern side of Bengaluru, the city sometimes called the Silicon Valley of India, sits a campus housing three cube-like glass buildings. Each is 10 stories high, with facades glistening in the strong South Asian sun. These are the offices of ...