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Govt may miss revenue collection target for 2017-18 fiscal year due to GST rollout, says CBEC chief

For the year ending March 2018, the government has budgeted Rs 9.68 trillion collection from customs and Goods and Services Tax The indirect revenue collection by the government might fall short of the target this fiscal due to the disruption caused by GST rollout, a top official said on Sunday. For the year ending March 2018, the government has budgeted Rs 9.68 trillion collection from customs and GST. However, the…

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Aadhar-SIM linking now possible via OTP, doorstep verification

New Delhi: The government has introduced three new methods, including through one-time password (OTP), to ease the process of linking the 12-digit Aadhaar identity number with individual mobile numbers, Communications Minister Manoj Sinha said here on Wednesday. The Department of Telecommunications (DoT) has introduced the three new rules – through one-time password, App based and the interactive voice response (IVRS) facility, to link the Aadhaar with the mobile number. With…

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Apple iPhone X pre-orders are off the charts, delivery time pushed further

Apple quashed concerns of muted demand for its iPhone X on Friday, saying pre-orders for the 10th anniversary phone were “off the charts”. The company’s shares, which have fallen steadily since it announced in early September it would launch two iPhones within two months, rose nearly 3 percent in response. Pre-orders for the much-anticipated 10th anniversary phone started from 12.01 am PT (0701 GMT) on Friday. “We can see from…

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PPF account to be closed if holder becomes NRI

NEW DELHI: Amending rules on post office savings schemes like the National Savings Certificates (NSC) and Public Provident Fund (PPF), the government has notified that such accounts would be closed prior to maturity in case of holders changing their personal status to become non-resident Indians (NRIs). The amended rules were notified in the official gazette earlier this month. The amendment to the PPF Scheme, 1968, says: “If a resident who…

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Reduce GST On Small Businesses, Restaurants, Suggests Government Panel

Currently, GST is levied at 12 per cent on non-AC restaurants, while it is 18 per cent for air-conditioned ones. New Delhi: The Group of Ministers set up to make GST composition scheme more attractive on Sunday suggested lowering tax rates for manufacturers and restaurants under the plan to 1 per cent. At present, while manufacturers pay GST at 2 per cent, the rate for restaurants is 5 per cent. Traders…

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Xiaomi’s Redmi Note 5 leaked in TENAA; full screen diasplay but no dual lens camera

Xiaomi’s popular Redmi series needs no introduction in India. The Chinese company managed to grab a huge pie out of the smartphone industry mainly because of the Redmi series. The Redmi Note series was an instant hit with the phablet-loving Indian audience. With last year’s Redmi Note 4 breaking many records in the online segment, it’s time for the company to reveal the next iteration of the device. The Redmi…

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Here’s how you can get 70% discount on iPhone X

NEW DELHI: Apple iPhone X finally went on pre-orders in India. The customers can book the device both online and offline. However, you can get 70% discount on iPhone X if you purchase the device from Amazon or Reliance Digital stores in the country. The Reliance Jio subscribers can also enrol in the offer via their My Jio app. Reliance jio is giving the same 70% buyback offer on iPhone…

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iPhone X already out of stock on Flipkart, to be available for buying from Nov 3 starting at Rs 89,000

The iPhone X will be up for pre-orders for the first time in India on Friday. Interested customers can head on to Amazon or Flipkart to book iPhone X for themselves. The pre-orders are set to start at 12:31 PM. Apart from the online stores, Apple’s tenth-anniversary edition phone – iPhone X will also be available on Apple resellers and other partner outlets for pre-booking. Update: The iPhone X, Apple’s…

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Tax Professionals Seek More Time for E-filing of Returns

The All India Federation of Tax Practitioners (AIFTP), a body of lawyers, CAs and tax practitioners, welcomed the decision of the Central Board of Direct Taxes to extend the last date of e-filing of IT returns till October 31. Mumbai: A tax professionals’ body has sought extension of the time for e-filing of income tax returns for the entities “where tax audit report or transfer pricing report or other audit…

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WhatsApp ‘Delete for Everyone’ Feature Reportedly Rolling Out: Here’s How It Will Work

WhatsApp message delete/ recall feature has been in the rumour mill for nearly a year now, with the company mentioning it in the internal code. But fans will be pleased to know that the feature, which had not made an official appearance so far, has started trickling out to some WhatsApp users. WABetainfo now reports that the new feature, named ‘Delete for Everyone’, has started rolling out to some users on Android,…

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Vodafone Launches Plan With 1GB Daily Data, Unlimited Calls for 84 Days at Rs. 496

Vodafone has launched two new plans for prepaid customers seeking 1GB daily data allocation and free calls. While one plan is aimed at those looking for a long-term recharge, the other has validity of 28 days only. Vodafone said in a media statement that the plans are available for existing customers as well as MNP users. These new plans have been launched a week after Reliance Jio updated its tariff…

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Mobile Aadhaar Can Now Be Used To Enter Airports

A passbook issued by a nationalised bank, pension card, disability photo identification and service photo ID card of central/state government, PSU, local bodies and private limited company will also be acceptable. New Delhi:  Mobile Aadhaar can be used as an identity proof to enter airports, while identification documents will not be required for minors accompanied by parents, according to a circular issued by aviation security agency BCAS. Passengers entering an…

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