The GST Council in its 22nd meeting today announced a slew of relief for exporters, some of whom are facing working capital squeeze due to delayed tax refund. Finance Minister Arun Jaitley, who heads the Council, said that the refunds for exporters will be expedited. For July, refund cheques of exporters will be processed by October 10 and for August exports by October 18. Mr Jaitley also said that an electronic wallet (e-Wallet) will be set up by April, 2018 for refunds to exporters. Exporters will get a notional advance amount in their e-Wallets and it will be later offset with tax refunds.
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While the Centre has reduced excise duty on petrol and diesel, states did not reduce their VAT/Sales tax on petroleum products.
A new study finds sildenafil, the active ingredient in Viagra, may improve symptoms of Leigh syndrome, a rare, often fatal childhood disorder. Early findings show better muscle strength, fewer seizures, and improved quality of life.
The India-UK FTA will affect the prices of cars imported from the United Kingdom and sold in the Indian market.
Shivam Vishwakarma from Prayagraj ranked 58th in OBC category, selected as Assistant Commissioner (GST).
It is alleged that the 48-year-old accused officer demanded a bribe of Rs 10 lakh to settle the matter, which was later negotiated down to Rs 6 lakh.
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