92% of 7 lakh traders in Karnataka enrol with GST network

DHNS
June 29, 2017

Bengaluru, Jun 29: An estimated 92% of the seven lakh traders in Karnataka have enrolled with the Goods and Service Tax (GST) Network, the highest compliance compared to other states.

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The state Commercial Taxes department has completed the process of GST migration (process of document verification and issue of registration certificates) for 48% of those who have enrolled. The GST migration of all those who have enrolled will be complete by July-end, senior officials in the department said.

The officials said that while the department is fully prepared for the GST rollout on July 1, the real challenge will come when the traders start filing their online returns from August.

Henceforth, the Commercial Taxes department will work in close coordination with the Central Board of Excise and Customs. The two departments hitherto were working independent of each other. However, with the GST subsuming Value Added Tax (VAT), entertainment tax, entry tax, luxury tax (collected by the Commercial Taxes department) with central excise and service tax (collected by the Board), the two departments will be sharing information online on revenue collected, registrations, audits, assessments, on a constant basis.

However, there will be no change in the structure of the department or relocation or closure of any offices, the officials said. The state government has held training programmes for 1,000 officers on the modalities of implementation of the new tax regime.

The department will also be closely monitoring the resource mobilisation under the new regime. The department will be getting revenue from the state component of the GST collected, which will henceforth be referred to as Karnataka GST (KGST) in all communications.

The officials said the GST will not have much of an impact in the state. “It is felt that the GST will have negative revenue implications on manufacturing states. Unlike Maharashtra, which is a manufacturing state or Kerala, which a consumer state, Karnataka has a mixture of both the components. Fears that tax collection will be affected are a little overstated,” an official said.

The total budgetary target set for the department for the financial year 2017-18 is Rs 55,000 crore and any shortfall will be made good by the Centre. The state government recently gazetted the Karnataka Goods and Service Tax Rules, 2017, the last of the statutory requirement for rollout of the new tax regime.

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News Network
May 19,2024

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Naturals Ice Cream founder Raghunandan Kamath passed away following a brief illness. Born to a mango vendor in a village in Mangaluru, Kamath went on to establish Naturals, an ice cream parlour estimated to be worth Rs 400 crore today. 

"Our thoughts on the sad demise of our patron and founder of Naturals Ice Cream, Late Raghunandan Kamath. Indeed a very sad and unfortunate day for us," the company said.

Mr Kamath grew up helping his father in selling mangoes in a village Karnataka's Mangaluru. This was when he learned the art of picking the ripe fruit, plucking it, sorting it, and preserving it.

As the legend goes, a young 14-year-old Kamath boarded a train from Mangaluru and came to Mumbai (then Bombay). 

After working at his brother’s restaurant, Kamath had an idea — if ice creams have fruit flavours, why can’t they have real fruits. He decided to fill this void in the market. But unsure of whether customers would come, he began his business with serving pav-bhaji as the main dish and the ice cream as an add on.

His first ice cream parlour was launched in 1984 in Juhu, with the initial menu featuring around 12 flavours, each being a testament to the knowledge he acquired during the time he assisted his father in Mangaluru.

The demand kept growing and he opened five more outlets in 1994. Currently, it has over 165 outlets across 15 cities.
 
His story was captured expansively in ‘Intelligent Fanatics of India’, a book co-authored by Mumbai-based journalist Pooja Bhula.

Inspired by his mother's techniques, Kamath also developed innovative machines to streamline production and ensure consistency, notes the company website.

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News Network
May 19,2024

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In a heart-wrenching turn of events, the serene town of Banavasi in Sirsi taluk of Karnataka’s Uttara Kananda district, was struck by tragedy. A young boy lost his life after being struck by lightning on a fateful Saturday evening around 4p.m.

The victim, identified as 16-year-old Sajid Ashfaque Ali, was a bright tenth-grade student at Eden Way High School. Full of dreams and youthful energy, Sajid was enjoying an innocent game with his friends on the Jayanthi High School grounds when the unthinkable happened.

As ominous clouds gathered and rain began to pour, an unexpected bolt of lightning pierced the sky, striking Sajid. His friends watched in horror as he collapsed. Despite the desperate rush to get him to the hospital, Sajid's injuries proved fatal, and he passed away, leaving his family and community in shock and grief.

The rain that had started earlier that afternoon became a backdrop to this devastating incident, casting a pall over the Banavasi police station limits. Sajid’s body has been taken to the government hospital for a post-mortem examination, as the community grapples with the sudden and tragic loss of such a young life.

The tragic death of Sajid Ashfaque Ali is a poignant reminder of the unpredictability of nature and the fragile thread of life. His memory will linger in the hearts of those who knew and loved him, a young life taken too soon.

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News Network
May 27,2024

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Mangaluru: To prevent tragic incidents during the rainy season, Home Guards will be stationed at beaches in Dakshina Kannada starting June 1, announced District Home Guard Commandant Dr. Murali Mohan Choontharu.

During visits to Sasihithlu and Surathkal beaches, Dr. Choontharu provided guidance and suggestions to the home guards on flood rescue operations. He emphasized the importance of these measures in ensuring public safety during the monsoon season.

Deployment Period: June 1 to September 30

Beaches Covered:

Someshwar

Mogaveerpatna

Ullal

Panambur

Tannirbhavi

Fathima Beach

Surathkal

Sasihithlu

Two home guards will be stationed at each beach, working in shifts from 7 am to 7 pm. This ensures continuous monitoring and quick response to any emergencies that may arise.

Preparedness and Coordination

Dr. Choontharu highlighted that the sea conditions are particularly hazardous during the monsoon, with high waves posing significant risks to unaware tourists. The presence of beach guards aims to mitigate these dangers and prevent loss of life.

The home guards will work in close coordination with the Police Department and Fire and Emergency Services to enhance disaster management efforts across the district.

Additionally, a reserve team of 10 home guards will be on standby at the district Home Guard office to respond to emergency calls during the monsoon.

Extended Responsibilities

Beyond beach surveillance, home guards will be vigilant at other critical locations, including:

Subrahmanya Bathing Ghats

Upinangady Sangama

Bantwal Mulki

Sullia

Belthangady

Expert swimmers and divers have been identified and are ready to assist in emergency rescue operations.

Dr. Choontharu's comprehensive plan aims to enhance safety and ensure a quick response to emergencies, providing peace of mind to both residents and visitors during the challenging monsoon season.

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