CONCERNED ABOUT GOODS and services tax (GST) notices, banks have approached the finance ministry to ensure that the GST doesn't apply to the levy of penal interest imposed on the customer in case of a default, or delay in repayment and noncompliance of loan conditions, sources told FE.
Similarly, banks, through the Indian Banks'Association (IBA), have urged the government to set up special dispute resolution mechanism, along the lines of the Committee on Disputes, with strict timelines for the completion of appeal process to cut litigations between the tax department and the banks.
Continue reading your story on the app
Continue reading your story in the newspaper
If you want to hide users, pull out of India: Govt to VPN providers
ON THE GOVERNMENT Wednesday asserted that the new CERT-In directives have to be followed by everybody, be it virtual private network (VPN) service providers, cloud service providers or others, and in case anyone does not want to abide by the rules, they are free to pull out from the country.
Govt considers cotton export ban to curb price rise
AFTER WHEAT, THE government is considering a proposal to ban exports of cotton, at least until the end of this marketing year, on September 30, as the relentless rise in prices of the fibre and its by-products has severely hurt firms in the textiles-garments value chain.
Hybrid work gets smart software updates
Microsoft Teams Essentials has introduced three new features to help small businesses perform better
Airtel CEO Vittal says 35% cut in 5G reserve price is disappointing
BHARTI AIRTEL INDIA and South Asia MD and CEO Gopal Vittal on Wednesday said that the 35% cut in the reserve price of 5G spectrum is not adequate and 'quite disappointing'. However, he did not comment on the company's strategy for the upcoming auctions.
Cement sector set to see new wave of consolidation
ADANI'S FORAY TO HEAT UP COMPETITION
GOM for raising GST on online gaming to 28%
Tax incidence increase to depend on whether levy is on platform fee or contest entry amount, including prize pool
Equity valuations remain pricey despite correction
Trend to continue if downgrades in earnings estimates are significant
Microsoft To Double 'Budget For Salary Hikes
Microsoft plansto “nearly double” its budget for employee salary increases and boost the range of stock compensation it gives some workers by at least 25%, an effort to retain staff and help people cope with inflation.
Musk Doubts On Spam Accounts May Hit Deal
$44-Billion twitter acquisition
Hyundai partners Tata Power for EV charging infra
HYUNDAI INDIA, WHICH will launch the Ioniq 5 electric vehicle (EV) later this year and aims to have six EV models by 2028, has partnered with Tata Power to build an EV charging network.
Do woods really determine tones?
Ancient Wisdom On Nature And The Climate Crisis
DR. ASLAM PARVAIZ is a teacher with a passion. Coming from the Islamic tradition, he integrates the wisdom of the Quran with a scientific attitude toward Nature, the environment, and our responsibility as human beings. In November 2020, DR. PARVAIZ was interviewed by ELIZABETH DENLEY and KAMBIZ RAVAN from the Heartfulness Institute.
The Commander in Chief
THIS SEDULOUS SEVEN-STRINGER PUTS A COMPLETELY NEW SPIN ON CLASSICAL-INSPIRED GUITAR MUSIC
EVH STRIPED SERIES SHARK
5 Questions with Death Valley High's Reyka Osburn
SAN FRANCISCO’S DEATH Valley High recently unleashed “Raise Hell,” the first of a planned series of singles to drop throughout 2020. Describing their music as “aggressive, skronk-disco light fantastic, like Saturday Night Fever on Thorazine,” singer/ guitarist Reyka Osburn isn’t really doing justice to the fact that, basically, DVH are a great rock ’n’ roll band.
Mike Brooks gets up close and personal with this sensibly-priced head-turner
In this exclusive interview, STEVE VAI takes you inside his brand-new signature guitar, the Ibanez PIA
FROM AVANT-GARDE ELECTRICS TO AFFORDABLE ACOUSTICS, MINI AMPS TO MIGHTY APPS, COATED STRINGS TO BRILLIANT BRACINGS AND BEYOND, GUITAR WORLD REVISITS A DECADE OF UNBRIDLED INNOVATION.
New Voices In Guitar
On the lookout for jaw-dropping new talent? Here’s our guide to 10 guitarists to keep an eye (or two) on in the coming year.
The Magic Gifts
A Basque Folk Tale