Daily Archives: August 11, 2017

Economic Survey 2016-17 State of the Economy – An Analytical 

By | August 11, 2017

Economic Survey 2016-17 Volume-2 : State of the Economy – An Analytical Overview and Outlook for Policy Economic Survey 2016-17 Volume 2 was laid in the Parliament today. The Survey notices a rekindled optimism on structural reforms in Indian economy. Various factors such as launch of the GST; Positive impacts of demonetization; decision in principle to privatize… Read More »

Highlights of Reforms Measures in Economic Survey 2016-17

By | August 11, 2017

Highlights of Reforms Measures in the Economic Survey 2016-17 Volume-2 Agriculture and Food Management   Reforms: Managing and reducing the various risks in agriculture activities can make the sector resilient, increase profitability and can ensure stable income flows to the farmers. The following reforms are suggested for increasing productivity in agriculture and allied sector:   To… Read More »

Highlights of the Economic Survey 2016-17 Volume-2 

By | August 11, 2017

Highlights of the Economic Survey 2016-17 Volume-2 Fiscal Developments   The fiscal outcome of the Central Government in 2016-17 was marked by strong growth in tax revenue, sustenance of the pace of capital spending and a consolidation of non-salary/pension revenue expenditure. This combination allowed the Government to contain the fiscal deficit to 3.5 per cent… Read More »

Section 50 Delhi GST Act 2017 : Interest on delayed payment of tax

By | August 11, 2017

Section 50 Delhi GST Act 2017 ( Section 50 Delhi GST Act 2017 explains Interest on delayed payment of tax and is covered in CHAPTER-X PAYMENT OF TAX ) Interest on delayed payment of tax 50. (1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made thereunder, but fails to… Read More »

Section 49 Delhi GST Act 2017 : Payment of tax, interest, penalty and other amounts

By | August 11, 2017

Section 49 Delhi GST Act 2017 ( Section 49 Delhi GST Act 2017 explains Payment of tax, interest, penalty and other amounts and is covered in CHAPTER-X PAYMENT OF TAX ) Payment of tax, interest, penalty and other amounts 49. (1) Every deposit made towards tax, interest, penalty, fee or any other amount by a person by internet banking or by… Read More »

Section 48 Delhi GST Act 2017 : Goods and services tax practitioners

By | August 11, 2017

Section 48 Delhi GST Act 2017 ( Section 48 Delhi GST Act 2017 explains Goods and services tax practitioners and is covered in CHAPTER- IX RETURNS )  Goods and services tax practitioners 48. (1) The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and obligations, manner of removal and other conditions relevant for their functioning shall… Read More »

Section 46 Delhi GST Act 2017 : Notice to return defaulters

By | August 11, 2017

Section 46 Delhi GST Act 2017 ( Section 46 Delhi GST Act 2017 explains Notice to return defaulters and is covered in CHAPTER- IX RETURNS ) Notice to return defaulters 46. Where a registered person fails to furnish a return under section 39 or section 44 or section 45, a notice shall be issued requiring him to furnish such return within… Read More »

Section 45 Delhi GST Act 2017 : Final return

By | August 11, 2017

Section 45 Delhi GST Act 2017 ( Section 45 Delhi GST Act 2017 explains Final return and is covered in CHAPTER- IX RETURNS ) Final return 45. Every registered person who is required to furnish a return under sub section (1) of section 39 and whose registration has been cancelled shall furnish a final return within three months of the date… Read More »