GST: Finance Minister may hike service tax to 16-18% in Budget

GST: Finance Minister may hike service tax to 16-18% in Budget New Delhi: Finance Minister Arun Jaitley may hike service tax rate to 16-18 per cent from the current 15 per cent in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout. The move, that will make flying, eating out, phone bills and a host of other services expensive, would be an attempt to take the rates closer to the proposed tax slabs for GST. GST, which will subsume central and state levies like excise duty, service tax and VAT,...

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Government may make Aadhaar must for rail concession in Budget 2017

Government may make Aadhaar must for rail concession in Budget 2017 New Delhi: Government is contemplating to make Aadhaar or Unique Identification (UID) card mandatory to avail rail concession, and an announcement is likely to be made by Finance Minister Arun Jaitley while presenting the first combined General and Railway Budget on February 1. The move will help the government in better targetting of benefits and check misuse of the facility, sources said. The Railways provides concession on tickets to more than 50 categories of...

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Officers to face action for delay in GPF payments to retiring employees

Officers to face action for delay in GPF payments to retiring employees New Delhi: Action will be taken against the officers concerned in cases of delay in processing payment of General Provident Fund (GPF) to retiring employees, the Centre has said. The move comes after it was noticed that GPF final payment in many cases was not being made to the government servants immediately after retirement leading to payment of interest for the period delayed. In an order, the Ministry of Personnel said in order to ensure timely final payment...

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Pay element relating to Running Staff after the recommendations of 7th CPC

Pay element relating to Running Staff after the recommendations of 7th CPC GOVERNMENT OF INDIA MINISTRY OF RAILWAYS RAILWAY BOARD No.E(P&A)II-2015/RS-25 New Delhi, dated: 24.01.2017 The General Manager, All Indian Railways and Production Units. Sub: Pay element relating to Running Staff after the recommendations of Seventh CPC. It has come to notice that on some of the zonal railways add-on pay element of 55% is not being reckoned for calculation of emoluments for the purpose of retirement benefits for the running staff on the...

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