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Revised GSTR-3B for UT of JandK and Ladakh

Revised GSTR-3B for UT of J&K and Ladakh...




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Late filing of GSTR3B FOR March20

I have to file GSTR3B FOR MARCH 20 now with some tax liability. What panalty and interest I have to pay for this late filing and payment of tax due





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Man hit by plane, killed on Austin-Bergstrom airport runway, officials say

A person died Thursday night after being hit by a plane as it was landing at Austin-Bergstrom International Airport, according to airport officials.





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Dalian youngsters enjoy thrilling Wanda FIFA Flag Bearer experience




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Watch video: Urmila Matondkar plays cricket with youngsters in Charkop

Bollywood actress and Congress candidate from Mumbai North Urmila Matondkar on Sunday played cricket with the youngsters of Sahyadri Nagar, Charkop in Kandivli. She tweeted a video of her playing cricket and wrote, "Since there is no time to watch the IPL anymore...in a league of my own with the youngsters of Sahyadri Nagar, Charkop Kandivali (W) #AapliMumbaichiMulagi." (sic)

Also Read: Elections 2019: Urmila Matondkar races for Lok Sabha polls with rally in Kandivli. See photos

Clad in simple salwar kameez, Matondkar tried her hand at cricket among cheering crowd. Watch video here...

Urmila Matondkar has declared assets worth around Rs 68.28 crore and a clean legal record. As per her affidavit filed with the Election Commission, Matondkar's income was Rs 1.27 crore in 2013-14, which more than doubled to Rs 2.85 crore in 2017-18. Her movable and immovable assets are totally worth Rs 40,93,46,474 and Rs 27,34,81,000, respectively.

Her husband M.A. Mir owns movable and immovable assets worth Rs 32,35,752.53 and Rs 30,00,000, respectively, totally around RS 62.35 lakh. Besides, Matondkar has declared an outstanding loan of Rs 32 lakh. Her assets include bank deposits, cash in hand, vehicles, and investments in land and properties.

Also Read: Watch video: Urmila Matondkar enjoys vada pav during election campaign in Mumbai

Urmila Matondkar was born in a small rural hospital in her (maternal) native region of Sindhudurg, to Shrikant and Sunita. Her father Shrikant is a retired officer of the erstwhile Grindlays Bank and her mother Sunita is a retired state government employee.

She was educated at the prestigious century-old King George High Shool, Dadar, which is now renamed as Raje Shivaji Vidyalaya, and then joined the Ruparel College, but couldn't complete her graduation as she got a big break in Bollywood.

With a successful film career behind her, Urmila married a Kashmiri businessman, M.A. Mir and regularly visits her inlaws in the Valley. While her sister is a former actresss-turned-lawyer Mamata A. Bhalekar who lives in Mumbai, her eldest brother, the Pune-based Kedar Matondkar is a retired Indian Air Force officer who saw action during the Kargil War of 1999.

"She loves social issues, reading, and has read all major literary works, especially the pennings of Sane Guruji who has influenced her deeply. Urmila is always dediated and committed in any venture she undertakes, whether acting or social work or politics," her proud father Shrikant said

Mumbai's six Lok Sabha constituencies go to polls in the fourth phase on April 29.

Also Read: Elections 2019: Urmila Matondkar, Priya Dutt, Sanjay Nirupam woo youth

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates





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Meet Mumbai's youngsters who fiddle with new obsession - drones

Two years ago, Jaidwaj Malhotra was running a Google search for a motor for his model airplane when he instead started reading about drones and how to build them. He was immediately taken in by the little object that could fly at 120 km per hour. Today, the 18-year-old is working for an organisation, helping them design surveillance drones for the Indian Army.

Malhotra is part of a tight-knit community of young drone racers in the city that came into being around the time the Indian Drone Racing League (IDRL) was founded by Karan Kamdar in 2016. Over the past two years, the field has gained a sizeable traction with IDRL having 875 pilots registered with them from all over India. The pursuit is expensive.

Building a drone can cost as much as '40,000, and the not-so-cheap batteries must be replaced every three months. The police continues to remain suspicious of fliers. However, for these pumped up youngsters, no obstacle is too big. Even with the odds stacked against them, they are finding ways to let their dreams fly.

'Burnt the circuit board while building my first drone'
Jaidwaj Malhotra, 18

His father being into aero-modelling, Juhu resident Jaidwaj Malhotra has always had a fascination for flying objects. Two years ago he participated in an aeromodelling competition held by Boeing, at the IIT TechFest. Around the same time, he came across the drone, or the "quadcopter". "If you want to fly a drone, it is important that you build it as well. You need to understand the mechanics, to ensure best control. And, in case of trouble, you must know how to fix it in a second," Malhotra says. Like Nayak, he too is a self-taught drone-maker, who got all his knowledge from the Internet.


Jaidwaj Malhotra. Pic/Satej Shinde

"My first attempt was not successful. I burnt the circuit board. But, you live and learn," says the first-year mechanical engineering student. He spread the word on his drone-making abilities on social media and soon people began to approach him. "That's how I got roped in by a startup to design UAVs (Unmanned Aerial Vehicle) for the Army." When he doesn't have exams, he practises six hours a day on a track that he builds himself, on the Jamnabai School Grounds. "A racing track comprises elements like gates, flags and cones that act as obstacles. I practise on one track, then change it completely and practise again."

One Race I want to participate in: World Drone Prix

'I am the first pilot to register from the country'
Siddharth Nayak, 26

Employed in the construction sector, Nayak is currently neck-deep into the Mumbai Metro project. It's only in the weekends that he manages to fly. "Sometimes, it's not even that, as there are working Sundays too," he tells us. Nayak, who grew up in Nala Sopara and got a degree in instrumentation engineering from a Vasai's Vartak college, has always been keen on robotics. "But, that was mostly stuff on land; I had a craze for flying."


Siddharth Nayak. Pic/Datta Kumbhar

Randomly stumbling upon a drone-racing video on YouTube in 2016 was a deciding moment for him. Nayak, of course, had no experience in drones up until that point. He went through several tutorials online and managed to build his first drone. "I tried it out in the dried salt pans in Vasai, where there were no people. It went up till about 30 feet," he says, speaking of his test run.

The height is not the point of importance in drone racing, where they race not more than seven feet above the ground. "It's precision and control that counts, because you're flying at 120 kmph. It's a lot tougher to control drones at a lower height." Nayak had his first race in IIT Gandhinagar in 2016 and his latest victory was last month at Smaaash, besides three races in Kochi and Pilani. "I had once quit my job to do this professionally, but that didn't work," he says with a smile. Nayak's next aim is to represent an organisation as a drone racer. "My dream is to represent India as a drone racer in an international league, someday."

One Race I want to participate in: Drone Champion League

'I sold my first drone to build my second one'
Himadri Roy, 21

When he was in Std X, Himadri Roy asked his father for money to build his first drone. "I had done my research. I showed him the outline of my plan, which I had developed after going through hundreds of tutorials and blogs. When he saw that I was not talking out of thin air, he agreed," says Roy. The first drone that he built had a larger frame and was heavy. It took him over a month to finish, with help from his father. "Now, I can build it in a week." In the years that followed, he upgraded his machine. "I learnt about more sophisticated methods online and then I sold my first drone to a friend who is an engineer, and used that money to build my second one. This one is a racing drone. It's smaller, faster and more agile." Roy, who was a member of an online forum called Remote Controlled India, came across IDRL on it. He got invited to his first race in Gandhinagar in 2016. "I did a few laps and crashed. It's crucial to keep your mind steady in this race. If you worry you'll crash, you will. I have become calmer now."


Himadri Roy. Pic/Sneha Kharabe

He uses the same calm to deal with authorities when they come in the way. "The laws regarding droning are not clear in India. So, the police continues to stop us. Last week, a police vehicle followed me while I was flying. When something like that happens, I try to explain that it is a sport. I also let them watch the video feed that has recorded what the drone has seen, so they know that we are anything but troublemakers." Currently, he is employing his drone knowledge in his fourth year project. "We are trying to develop drones that can be used for industry surveillance, to identify defects in mobile towers, in particular," he says.

One Race I want to participate in: Smaaash Drone Race at Gateway of India





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This picture from Kangana Ranaut's early portfolio won her 'Gangster' audition

As Bollywood's 'Queen,' Kangana Ranaut completed 14 years in the Indian film industry on Tuesday, her team shared a throwback picture from one of her early portfolios. The 33-year-old actor was shortlisted for an audition for her debut film 'Gangster' on the basis of the picture that her team shared on Twitter.

The priceless picture from the past featured a younger version of the actor with her signature curly locks and bold expressions.

Ranaut is seen wearing a white and brown coloured muffler in the picture.

"#Trivia: On 14th anniversary of #KanganaRanaut 's Bollywood debut #Gangster, here's the image from her portfolio on basis of which @anuragbasuofficial selected her for an audition #Throwback #14YearsofKanganaRanaut #14YearsofGangster," Kangana's team tweeted along with the picture.

Kangana Ranaut stepped into Bollywood at a very young age and began her career with her debut film 'Gangster' 14 years ago. Helmed by Anurag Basu, the romantic thriller featured Emraan Hashmi and Shiney Ahuja besides Kangana in the lead roles.

'Gangster' received great appreciation from critics as well as the audiences and also won Kangana the best debut award at Filmfare. Earlier in the day, the team of the 'Fashion' actor marked her 14th anniversary in Bollywood by preparing a video reel of her 14-year-long journey.

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

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CBI arrests two GST superintendents from Pune

The CBI has arrested two Goods and Services Tax (GST) superintendents here in Maharashtra for allegedly demanding and accepting a bribe of Rs one lakh for settling service tax liability of complainant.

A case has been registered against the two superintendents of GST, Pune, under section 120-B (Punishment of criminal conspiracy) of the IPC and section 7 of the Prevention of Corruption Act, 1988 (as amended in 2018), the CBI stated in a release on Tuesday.

The accused duo had demanded a bribe of Rs 3 lakh from the complainant for settling the Service Tax liability for the Financial Year 2016-17, it stated. The duo were caught when they were accepting Rs one lakh as the first instalment of the total bribe amount, the CBI said. The Central agency then conducted searches at the office and residential premises of the accused superintendents in Pune.

During the searches, documents regarding acquisition of movable and immovable properties, gold jewelleries, cash, computer hard disks and other incriminating documents were recovered, it said. The accused are being produced before special judge for the CBI cases.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates





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Pune Crime: CBI arrests two GST superintendents in bribery case

The Central Bureau of Investigation (CBI) on Tuesday arrested two superintendents posted at the Goods and Service Tax (GST) office for allegedly demanding and accepting a bribe.

Those arrested have been identified as Vivek Dekate and Sanjeev Kumar. A complaint was registered against two under Section 7 of the Indian Penal Code (IPC).

The two accused were produced before the Special CBI Judge, who remanded them to three-day CBI custody.

The officers were caught red-handed while accepting a bribe of Rs 1 lakh from the complainant. The amount has been recovered from their possession.

The complainant alleged that the accused demanded Rs 3 lakh in order to settle the service tax liability for the financial year 2016-17. Further probe is on.

Catch up on all the latest Crime, National, International and Hatke news here. Also, download the new mid-day Android and iOS apps to get the latest updates





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Please let me know the advantages of GST, sectors will get impacted,products become costly (VALLUKANNA)

I request you to kindly give me your advise on GST which is going to be implemented very shortly. Thanks and Regards, Varadarajan Kasturi..




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Tax-News.com: PwC India Urges GST Regime Simplification

PwC India has called for simplification of India's goods and services tax regime, in a report to mark 200 days since the regime entered into force.




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Tax-News.com: India To Expand GST E-Way Bill Pilot

The Indian Government has provided an update on the roll-out of the e-Way Bill system, which was introduced on April 1, 2018, confirming it will be extended to another five states from April 15, 2018.




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Tax-News.com: India Announces Plans To Simplify GST Filing, Overhaul Refund System

Meeting on May 4, 2018, India's GST Council approved plans to simplify GST filing obligations.




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Tax-News.com: Indian GST Council Endorses GST Rate Changes For Housing

India's GST Council has decided on a number of goods and services tax regime amendments to boost the availability of affordable housing in the country.




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Tax-News.com: Indian GST Regime Changes Effective April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, will become effective in India from April 1, 2019.




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Tax-News.com: India Finalizes Details Of New Real Estate GST Regime

India's GST Council has put flesh on the bones of its plans to introduce a new goods and services tax regime for real-estate transactions.




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Tax-News.com: India Introduced GST Changes On April 1

A number of goods and services tax regime amendments, intended to simplify compliance for traders, became effective in India from April 1, 2019.




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Tax-News.com: India's GST Council Agrees Overhaul Of GST Returns

During its 35th meeting, India's GST Council approved changes to GST filing requirements and deadlines, and approved the introduction of an electronic invoicing system,




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Tax-News.com: India Again Extends Deadline For 2017-18 Annual GST Return

India has again extended the due date for furnishing the annual GST return and reconciliation statement for the 2017-18 fiscal year.




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Tax-News.com: Indian GST Council Approves Changes To Filing Rules, Rates

India's GST Council agreed a number of changes to the country's goods and services tax regime, at its meeting on September 20, 2019.




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Tax-News.com: Indian Authorities To Collaborate On Tackling GST Refund Fraud

Local authorities in India have been instructed to draw up lists of taxpayers that have filed fraudulent or potentially fraudulent requests for input tax credits and where appropriate share this information with other state authorities.




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Tax-News.com: India To Amend GST Rates On Oil, Gas Industry

India's Goods and Services Tax Council has proposed new GST rates for the oil and gas industry.




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Tax-News.com: Singapore To Give GST Rebate To 880,000 Households

Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the GST Voucher – Utilities-Save (U-Save) rebate in January 2018.




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Tax-News.com: Singapore Confirms Future GST Hike In Budget

Singapore will hike its seven percent goods and services tax rate to nine percent some time between 2021 and 2025, Singapore's Finance Minister, Heng Swee Keat, announced in the territory's new Budget.




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Tax-News.com: Singapore To Exempt Virtual Currency Transactions From GST

On July 5, 2019, Singapore's tax agency released a draft guide that includes proposals for more favorable GST rules for virtual currencies.




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Tax-News.com: Singapore Issues GST Form Instructions For Reverse Charge Supplies

The Inland Revenue Authority of Singapore (IRAS) has released new guidance for GST-registered persons on the completion of new boxes in the GST F5 return from next year.




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Tax-News.com: Singapore Updates Guidance On 2020 GST Reverse Charge Change

The Inland Revenue Authority of Singapore has updated its guidance on the introduction from January 1, 2020, of an obligation on Singaporean taxpayers to collect GST on imported services under a reverse charge.




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Tax-News.com: Singapore Announces Plans For GST Reforms

Singapore is to add provisions to draft legislation to enhance the new GST regime for imported services and clarify new rules for virtual currencies.




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Tax-News.com: Malaysia To Legislate To Slap GST On Foreign Retailers

Malaysian authorities are developing draft legislation to level the tax playing field between online retailers and domestic bricks and mortar retailers.




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Tax-News.com: Malaysia PM Defends Introduction Of GST

Prime Minister Najib Razak has defended the Government's decision to introduce a goods and services tax, claiming that the levy "saved" Malaysia from the fall in oil prices.




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Tax-News.com: Malaysia Issues GST Guidance On Gifts

The Malaysian tax agency on December 1 released guidance on whether gifts provided for no consideration can be excluded from the goods and services tax net.




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Tax-News.com: Malaysia Issues GST Guidance On Mixed-Use Buildings

Malaysia's tax agency has released Public Ruling No. 1/2018, setting out the goods and services tax rules concerning the sale of buildings on commercial land that are used for both residential and commercial purposes.




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Tax-News.com: Malaysian Firms Can Challenge Late GST Penalties Online

On March 26, 2018, Malaysia's tax agency announced that businesses can newly challenge late-payment penalties in respect of goods and services tax (GST) via the tax agency's online portal.




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Tax-News.com: New Zealand Tweaking GST Rule Changes For Offshore Suppliers

New Zealand's Finance and Expenditure Committee has recommended changes to legislation that would introduce a new requirement for offshore suppliers to collect GST on low-value goods supplied to New Zealand-based consumers.




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Tax-News.com: Overseas Suppliers To NZ Urged To Register For GST

New Zealand's tax agency has urged overseas businesses who sell goods valued at NZD1,000 (USD629) or less to register for GST ahead of the December 1, 2019, deadline.




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Tax-News.com: New Zealand Proposing GST Exemption For Crypto-Assets

New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime.




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Tax-News.com: Australia Warns On Real Estate GST Non-Compliance

The Australian Taxation Office said that it has noticed a number of common errors being made in activity statements since the "goods and services tax at settlement" system was introduced for the real estate industry in July 2018.




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Tax-News.com: Australia May Make Directors Liable For Unpaid GST In Folded Companies

Legislation before Australia's parliament would make company directors liable for a failed company's GST liabilities in certain circumstances.




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Impact of Obesity Amongst Women

Scientists from the University of Southampton studied the association between BMI and prolonged sickness absence, cutting down at work and health-related




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Big win for Punjab Police as Pak-linked most wanted gangster 'Billa' arrested

The seizure of a large cache of sophisticated weapons have also raised serious questions on how such weapons were smuggled to India.




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Public comments on new draft elements of the OECD International VAT/GST Guidelines are published

Following the recent invitations for public comment on four new draft elements of the OECD International VAT/GST Guidelines, the OECD has now published the comments received which will be used to inform the OECD’s work in this area.




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Release of discussion drafts of two new elements of the OECD International VAT/GST Guidelines

The OECD’s Committee on Fiscal Affairs invites public comments on two new draft elements of the OECD International VAT/GST Guidelines (the Guidelines). These discussion drafts relate to (i) the place of taxation of business-to-consumer supplies of services and intangibles (B2C Guidelines) and (ii) provisions to support the application of the Guidelines in practice (Supporting provisions).




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Public comments received on discussion drafts of two new elements of the OECD International VAT/GST Guidelines

On 18 December 2014, the OECD invited comments from interested parties on discussion drafts of two new elements of the OECD International VAT/GST Guidelines. These discussion drafts related to (i) the place of taxation of business-to-consumer supplies of services and intangibles (B2C Guidelines) and (ii) provisions to support the application of the Guidelines in practice (Supporting provisions)




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OECD delivers implementation guidance for collection of value-added taxes (VAT/GST) on cross-border sales

This guidance will support the consistent implementation of internationally agreed standards for the VAT treatment of cross-border trade and is of particular relevance given the rapid and ongoing digitalisation of the economy.




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Global tax community welcomes new measures to enlist online marketplaces in the collection of VAT/GST in e-commerce

Meeting in Melbourne, Australia on 20-22 March 2019, around 300 participants attending the Global Forum on VAT, welcomed measures proposed in a new report by the OECD on The Role of Digital Platforms in the Collection of VAT/GST on Online Sales. The report includes new measures to make e-commerce marketplaces liable for the VAT/GST on sales made by online traders through their platforms.




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Papua New Guinea Sales Tax Rate - GST

The Sales Tax Rate in Papua New Guinea stands at 10 percent. In Papua New Guinea, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Papua New Guinea. This page provides - Papua New Guinea Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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India Sales Tax Rate - GST

The Sales Tax Rate in India stands at 18 percent. Sales Tax Rate in India averaged 14.22 percent from 2006 until 2020, reaching an all time high of 18 percent in 2017 and a record low of 12.36 percent in 2012. In India, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the most common rate for services. Revenues from the Sales Tax Rate are an important source of income for the government of India. This page provides - India Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Singapore Sales Tax Rate - GST

The Sales Tax Rate in Singapore stands at 7 percent. Sales Tax Rate in Singapore averaged 6.73 percent from 2006 until 2020, reaching an all time high of 7 percent in 2008 and a record low of 5 percent in 2007. In Singapore, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Singapore. This page provides - Singapore Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Samoa Sales Tax Rate (VAGST)

The Sales Tax Rate in Samoa stands at 15 percent. This page provides - Samoa Sales Tax Rate (VAGST)- actual values, historical data, forecast, chart, statistics, economic calendar and news.