by admin | May 25, 2021 | Business, Corporate, Corporate Governance, Large Enterprise, News, Politics
New Delhi : Finance Minister Arun Jaitley on Tuesday said that the number of trade registrations under GST has seen an increase of 30-35 per cent in the first three months, and that the total assessee base has already crossed one crore, which is an “encouraging” indicator.
“Till now the trade registrations for Goods and Services Tax (GST) is very encouraging; 72 lakh traders have moved from the old system (previous indirect tax regime); 28 lakh people are new registrants. Total assesses have reached above one core,” Jaitley told reporters here at a press briefing.
“In the first three months, there has been a 30-35 per cent increase in registrations, which is a good indicator,” he said.
The Finance Minister added that currently the transition phase was on as the goods still being sold were manufactured during the earlier indirect tax regime.
“In initial months, the goods sold were manufactured in the old system. The transition phase is going on. The goods with new packaging will come into the system. We have reached about Rs 93,000-94,000 crore worth of monthly trading collections including IGST,” he said.
According to the September collection figures under GST, Rs 92,150 crore was collected from 42.91 lakh businesses up to October 23.
Over Rs 95,000 crore was collected through GST during July, the first month of its implementation, while the figure for August was over Rs 91,000 crore.
For August, only 55 per cent of businesses had filed returns till September 25.
Every month the businesses filing returns is seeing an increase, he added.
—IANS
by admin | May 25, 2021 | Business, Large Enterprise
New Delhi : To serve the growing cyber security needs of businesses in India, Bharti Airtel and cyber security provider Symantec have inked a strategic alliance to protect customers from increasing online threats.
Under the terms of the agreement, Airtel will be the exclusive cyber security services partner for Symantec in India, and will distribute Symantec’s enterprise security software, said Gopal Vittal, MD and CEO (India and South Asia), Bharti Airtel here on Monday.
“Building a secure business is important. Cyber security is becoming a mission critical thing. The need to protect from potential cyber threats is becoming the new normal,” Vittal said while addressing a media roundtable.
“The partnership will give customers stronger protection and prevention, greater visibility and better control of critical assets, users and data. Airtel Business serves over 2,000 large enterprise accounts, plus more than 250,000 corporate and tech startups with its integrated telecom solutions,” Vittal added.
He said the opportunity for cyber security is very large as the nature of threats is becoming sophisticated.
“The threat environment is more dangerous and complex than ever. The partnership between Airtel and Symantec presents massive value to businesses in India,” said Symantec’s CEO Greg Clark.
“Airtel is one of the most forward-thinking telcos and Symantec’s Integrated Cyber Defence Platform focuses on empowering businesses to protect their on-premise as well as fast growing cloud environment through every stage of an attack lifecycle by combining the broadest and deepest set of threat intelligence in the industry,” he added.
Symantec employs around 4,000 people in India.
Having proper cyber security has become all the more important after recent ransomware attacks like WannaCry and Petya.
—IANS
