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Petrol – Rs. 64.44 Diesel – Rs. 53.71 Gold – Rs. 28,945 USD/INR- 66.53

-:Acknowledgement:- Business Standard The Economic Times The Financial Express www.thehindubusinessline.com www.moneycontrol.com www.profit.ndtv.com www.anirudhsethireport.com ….. and many more. Petrol – Rs. 64.44 Diesel – Rs. 53.71 Gold – Rs. 28,945 USD/INR- 66.53.

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Petrol – Rs. 64.44 Diesel – Rs. 53.71 Gold – Rs. 28,945 USD/INR- 66.53

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  1. -:Acknowledgement:-Business StandardThe Economic TimesThe Financial Expresswww.thehindubusinessline.comwww.moneycontrol.comwww.profit.ndtv.comwww.anirudhsethireport.com….. and many more

  2. Petrol – Rs. 64.44 • Diesel – Rs. 53.71 • Gold – Rs. 28,945 • USD/INR- 66.53

  3. Thirty Eight PSUs have achieved the target of 20% public procurement from MSMEs in the just concluded financial year. • Interest rate on PPF cut to 8.1% from 8.7% p.a. Girl child, Sukanya Samruddhi, Senior Citizen saving scheme will earn 8.6% p.a.

  4. HSBC Global Research in its report said that in 2016 India received lesser foreign investments due to weak business sentiment, over-capacity, stressed assets in the banking system and the slow pace of implementation of government infrastructure projects.

  5. Final tranche of gold bonds could fetch only 400 crores, making the total 1,400 crores against the target of 15,000 crore for the current fiscal. • Kingfisher house e-auction got no bid. The reserve price of Rs. 150 crores may be the dampener.

  6. Maharashtra Government: Important proposals for MSME in Finance Budget • Amnesty scheme for profession tax enrollment holder. Tax liability and penalty will be restricted to previous 3 years. • Amnesty for MVAT. No interest or penalty for dues up to 31st March, 2005, subject to tax payment. For disputed dues between 01/04/2005 to 31/03/2012, 25% interest payment, subject to full tax payment.

  7. Turnover limit of composition tax is increased from 50 lacs to Rs. 1 crore. • Composition tax rate 8% to hotels and restaurants having turnover of sales Rs. 3 Crore and more. • Turnover of tax free goods in Bakery industry is excluded for composition.  • Overall VAT rate is increased from 5% to 5.5% • Bamboo products excluding furniture exempted.

  8. Mamograpy machines, sterile water for injections, LED tubes, Pyrolysis oil, steel wire mesh, barbed wire, chain link, stationery items used by students, reduced to 5.5%. • Coconut hair oil sold in pack upto 500 ml enhanced to 12.5%. • Two wheelers and three wheelers owned by individual MVAT enhanced viz. up to 99cc – 8%, 100cc to 299cc – 9%, 300cc and above – 10%.

  9. Implementations of SAP based Computer system in Sales Tax Department. Input Tax Ledger to be made available to the tax payer. • Establishment of Advance Ruling Authority for speedy disposal of disputed questions under Sales Tax Laws.

  10. Thank you for patient hearing!

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