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THE UP MINISTERS ARE FEARFUL OF THE TRADERS ON THE GST

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June 13, 2017

Fearing opposition to the GST through large sections of the traders in the state, the UP ministers are fans of "explaining the interests of the same tax system". The Bharatiya Janata Party (BJP) has hailed Goods and Services Tax (GST) as the "biggest and most positive tax law since Independence". Government sources said that a feedback from the BJP's state unit of the "GST not going down well with a big chunk of its traditional vote base of traders and businessmen" has sent the Yogi Adityanath government in a tizzy, a fortnight from the actual roll out of the GST on July 1.

At a late night meeting on Tuesday, Chief Minister Yogi Adityanath hailed the new tax regime and asked his ministers to "explain to the confused" the GST's real benefits. Adityanath has also asked his Ministers and senior officials to conduct symposiums with regard to the GST. The State Information Department has been mandated to provide more information about the new tax provision. Union Revenue Secretary Hansmukh Adhia also informed the Ministers about the new tax regime. Adhia explained the state cabinet about the GST rules and also relieved some concerns raised by some ministers, an official said.

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GST & COMMON MAN

July 08, 2017

The much awaited Goods and Services Tax system, purported to be a huge relief for the nation from the earlier multiple tax system (i.e., excise, VAT and service tax), is now in effect from the date already set for it, that is, July 1, 2017. The slogan raised by the government is ‘One Nation, One Tax’, although the opposition parties criticize the GST to be just a brand name change, with the same complexity involved as it was in earlier tax system. But the Government says that the ‘in effect’ GST system will ease the burden on common man, as it simplifies and integrates instead of the previous complex and multi-tax system. Critics of the tax system from the economic & financial analysts’ circles say that the GST system in its due course will result in inflation, crumbling the business and service sectors of the country. The reason they cite is that many of the common, essential product’s and service’s tax rates have been increased and the rates of luxury i...

DHIRUBHAI AMBANI AEROSPACE PARK APPROVED AT MIHAN

July 10, 2017

The Reliance Aerostructure proposal for the development of the Dhirubhai Ambani Aerospace Park with related infrastructure facilities and services at Mihan SEZ (Nagpur) got the approval of Board of Approval (BoA) for special economic zone (SEZ) under the Ministry of Commerce, an official statement said here on Monday. "With the BoA nod, the Dhirubhai Ambani Aerospace Park (DAAP) at Mihan, spread over 289 acres, will become the largest greenfield aerospace park in the country. In the first phase, development will be spread over 104 acres and the second phase will cover an additional area of 185 acres," the statement said. Business at the aerospace park is expected to exceed Rs. 2,00,000 crore over the next 30 years, the company announced. "The aerospace park will also be home to the Dassault Reliance Aerospace Limited joint venture, which is presently creating the state-of-the-art integrated eco structure to execute the Rs 30,000 crore offset program linked...

BOLLYWOOD ACTRESS GETS INJURED ON THE SHOOTING SPOT

August 18, 2017

B-Town actress Prachi Desai gets injured on the sets of Kosha. The Rock On 2 fame actress was shooting for her upcoming film Kosha in one of the sets in Mumbai, and the scene demanded the actress to jump over with supporting ropes from a two-storey building and she had to land on the ground and chase a car. The actress convinced the director that she would be doing the stunt by herself and while doing the stunt, the actress fell to the ground and suffered severe injuries. Prachi Desai was immediately rushed to the hospital where she was given first aid and reports say that the actress will be on bed rest for next two days post which she will be back again to the sets of Kosha to finish her last schedule of the film.