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‘GST revenue at an all-time low’

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first_imgThe revenue from the Goods and Services Tax has slipped by over ₹2,500 crore — to a 19-month low in September — and is showing no signs of recovery due to a massive tax fraud and overall “flaws in the system”, indicated West Bengal Finance and Industry Minister Amit Mitra in a letter to Union Finance Minister Nirmala Sitharaman. Mr. Mitra wrote the letter on Monday.The GST revenue slipped from ₹94,442 crore in September 2018 to ₹91,916 crore in September, 2019 — a drop of ₹2,526 crore. Highlighting the drop, Mr. Mitra argued that this “probably is the first time that monthly collections have been at an all-time low”. This collection, Mr. Mitra noted, is “even lower than the collection for July 2017, which was ₹92,283 crore”.“Though it has picked up slightly in October with ₹95,380 crore, it is still 5.29% below the collection of October 2018 which was ₹1,00,710 crore,” Mr. Mitra said. He underscored that despite his repeated warnings about “GST fraud and the flaws in the system… no discussion was held on this issue in the last GST Council meeting”. In his two-page letter, Mr. Mitra pointed at the problem of fake input tax credit that manufacturers and in turn dealers are entitled to for paying input taxes. He indicated that a network of fake ITC was snowballing in the country and yet “we continue to work in silos”.“A few days ago, Odisha SGST authorities detected a fraud worth ₹138 crore”, while in September searches carried out “in 336 locations across 15 States detected fake ITC worth ₹740 crore”. One person in Mumbai with credit of ₹93 crore and another person in a case worth ₹127 crore were arrested since September, Mr. Mitra noted. “Each and every State and the Central GST authorities are continually detecting fake invoices and absentee registered tax payers,” he wrote.No task force Since fake ITC means a loss of tax as it is “not backed by transaction in goods or services in reality”, such leakages are contributing to the “falling revenue trend,” Mr. Mitra noted. He regretted that “no task force [was] set up” to deal with the fraud as suggested by him earlier.last_img read more

French competition regulator ARCEP could force Can

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first_imgFrench competition regulator ARCEP could force Canal Plus to make details of the prices it offers for exclusive carriage of channels available to rival distribution platforms, enabling them to make counter offers, according to French financial daily Les Echos.ARCEP wants Canal Plus to create a ‘reference offer’ outlining the general principles under which it will carry a channel, and has said it wants to organise a public consultation on this, seeking the views of distributors and channel providers. According to Les Echos, the regulator wants Canal Plus to make the price it agrees with channels available to rivals, enabling them to make a counter offer. Until now, Canal Plus has been forced only to give a global figure for what it spent on channel distribution deals.Canal Plus may also be forced to make available the price distributors, including Canal Plus itself, pay for the exclusive distribution of its own channels as part of the reference offer.last_img read more

SPIFilmBox has signed a distribution agreement wi

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first_imgSPI/FilmBox has signed a distribution agreement with Salt Mobile.The deal will see Swiss telco Salt Mobile broadcast four thematic channels from SPI’s portfolio. The channels are: FunBox UHD, Fast&FunBox HD, FightBox HD and the newly launched esports channel Gametoon HD.All of the channels will be available in English, with FunBox UHD also available in German.Georgina Twiss, MD Western Europe and Africa at SPI International said: “SPI continues to invest and expand its reach in Western Europe. Today, I am proud to announce our new agreement with Salt. As of June, four thematic channels will be available in Switzerland for Salt’s subscribers, with its young and dynamic target audience I am sure that they will all hit the mark.”Salt Mobile SA is the third largest mobile operator in Switzerland, with 16.3% of the market share. It offers prepaid and roaming packs, unlimited call plans, international calling packs, internet packs, TV on the move, and broadband calling services for phone calls and text messages.last_img read more

DERRY WOMANS DEAR ADELE LETTER OVER HER CHEATIN

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first_imgDERRY WOMAN’S ‘DEAR ADELE’ LETTER OVER HER CHEATING FIANCE GOES VIRAL was last modified: December 4th, 2015 by John2John2 Tags: DERRY WOMAN’S ‘DEAR ADELE’ LETTER OVER HER CHEATING FIANCE GOES VIRALSTEPHANIE POPE Stephanie Pope with her husband on their wedding dayA woman from Derry’s personal but graphic account about her split from her cheating fiance has gone viral on the internet.Stephanie Boyd penned a letter last night to blockbuster singer to reveal that her TV performance at the Brit Awards of ‘Someone Like You’ had helped her through her split.Adele’s Belfast show at the SSE Arena sold out this morning in 20 minutes as eager fans snapped up the tickets.In her letter, which is extremely graphic and not for the faint hearted, Stephanie wrote: “I made my way to the kitchen bin where I puked my guts up and pissed my pants whilst doing so, I stumbled into the living room and pressed play on your recorded performance of ‘someone like you’ on the TV.“I sang and cried at the top of my lungs, believing I was you as I belted out every word to the bastard In the doorway looking at me with disgust!“He closed the door on me and went to bed! I didn’t give a shit, I was pissed and I was a woman, with feelings, and a heart, and I deserved better.“All I needed was me and you, because you understood! Lol!! We connected that night! ShareTweet “There I was with dog shit on my shoes, sick on my dress, standing in pissy tights and pants, with zero dignity and not knowing a fuck what I was gonna do now. But in that instant you became me and I became you!!“Feels like a million years ago now but I just wanted you to know about it!!“I’m now free of the ratbag ex fiancée and his (still secret) love child, totally cured and healed by the man of my dreams, my best buddy (and now husband). Thanks for helping me through it all.All my love, respect and deepest thanks.Stephanie. “Dear Adele.“I had just split up with my 2 timing, lying, cheating dirt bag of a fiancée 2 weeks previous when you sang at the Brit Awards.“I still lived with the prick and went on a ‘fuck you and your secret love child’ night out with my mates. I had got pissed as a newt in an hour! Ya know when they say you get pissed quicker when your an emotional wreck?!.. Yeah it was one of those nights.“Anyway, in my black dress, black tights, black heels, I came home crashing through the front door absolutely wasted, obliviously trailing dog shit on my shoes, right through my lovely hallway.last_img read more