Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Index Numbers of Wholesale Price in India (Base: 2004-05=100)Review for the month of November, 2015

Dated:- 14-12-2015 - The official Wholesale Price Index for All Commodities (Base: 2004-05=100) for the month of November, 2015 rose by 0.5 percent to 177.6 (provisional) from 176.7 (provisional) for the previous month. INFLATION The annual rate of inflation, based on monthly WPI, stood at -1.99% (provisional) for the month of November, 2015 (over November, 2014) as compared to -3.81% (provisional) for the previous month and -0.17% during the corresponding month of the previous year. Build up in .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e month are as follows:- The index for Food Articles group rose by 2.3 percent to 271.0 (provisional) from 264.9 (provisional) for the previous month due to higher price of fish-inland (9%), urad, egg and moong (6% each), condiments & spices, masur and maize (5% each), arhar and fruits & vegetables (4% each), barley, tea, gram and poultry chicken (3% each), bajra and pork (2% each) and jowar, wheat and mutton (1% each). However, the price of fish-marine (2%) declined. The index for Non-F .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

p declined by 2.2 percent to 217.6 (provisional) from 222.5 (provisional) for the previous month due to lower price of iron ore (10%), zinc concentrate (6%) and chromite, phosphorite and sillimanite (1% each). However, the price of crude petroleum (1%) moved up. FUEL & POWER (Weight 14.91%) The index for this major group rose by 0.9 percent to 177.9 (provisional) from 176.4 (provisional) for the previous month due to higher price of high speed diesel (3%) and kerosene and furnace oil (1% eac .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ded) and mustard & rapeseed oil (3% each), sunflower oil, wheat flour (atta), maida, sugar, ghee and khandsari (2% each) and sooji (rawa), gola (cattle feed), cotton seed oil, rice bran oil and vanaspati (1%). However, the price of tea leaf (blended) (6%), tea dust (unblended) and groundnut oil (3%), gingelly oil and gur (2% each) and copra oil, oil cakes, soyabean oil, palm oil and powder milk (1% each) declined. The index for Beverages, Tobacco & Tobacco Products group declined by 0.1 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

on yarn (1%) declined. The index for Wood & Wood Products group rose by 1.7 percent to 197.7 (provisional) from 194.4 (provisional) for the previous month due to higher price of plywood& fibre board (3%). The index for Paper & Paper Products group declined by 0.4 percent to 154.6 (provisional) from 155.2 (provisional) for the previous month due to lower price of paper cartons / boxes (3%) and printing and writing paper (1%). The index for Leather & Leather Products group declined .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n-cyclic compound (3%) and polymers, photographic goods, vitamins, turpentine oil, basic inorganic chemicals, explosives, basic organic chemicals and pigment & pigment intermediates (1% each). However, the price of ammonium sulphate (3%), distemper (2%) and pesticides, castor oil, washing soap, rubber chemicals, dye & dye intermediates and urea (1% each) moved up. The index for Non-Metallic Mineral Products group declined by 0.7 percent to 176.9 (provisional) from 178.1 (provisional) for .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

eets, gold & gold ornaments, steel rods, plates and ferro manganese (2% each) and joist & beams, nuts/bolts/screw/ washers, gp/gc sheets, aluminium, steel structures and ferro chrome (1% each). However, the price of iron castings (2%) and metal containers (1% each) moved up. The index for Transport, Equipment & Parts group rose by 0.1 percent to 137.9 (provisional) from 137.7 (provisional) for the previous month due to higher price of gauges (1%). However, the price of railway axle&a .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ember, 20 Commodities/Major Groups/Groups/Sub-Groups Weight WPI Nov- 2015 Latest month over month Build up from March Year on year 2014-15 2015-16 2014-15 2015-16 2014-15 2015-16 ALL COMMODITIES 100.00000 177.6 -1.36 0.51 0.50 0.85 -0.17 -1.99 PRIMARY ARTICLES 20.11815 256.5 -0.99 1.62 4.76 7.32 -1.61 2.27 Food Articles 14.33709 271.0 -0.39 2.30 9.80 8.70 0.66 5.20 Cereals 3.37323 236.1 -0.17 0.55 1.69 2.16 2.17 0.47 Rice 1.79348 237.5 -0.65 -0.46 5.73 1.67 5.55 -3.22 Wheat 1.11595 221.5 1.15 1. .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

0.87737 202.9 -1.17 0.95 -15.05 4.91 -17.27 0.15 Oil Seeds 1.78051 217.8 -0.92 -0.55 -1.59 6.56 -0.68 6.92 Minerals 1.52350 217.6 -5.67 -2.20 -11.46 -10.56 -13.22 -28.87 FUEL & POWER 14.91021 177.9 -5.08 0.85 -6.58 -5.37 -4.53 -11.09 Liquefied petroleum gas 0.91468 160.7 0.41 0.44 -3.45 -1.23 0.12 -5.80 Petrol 1.09015 159.0 -4.68 -0.44 -12.61 -3.69 -9.55 -9.30 High speed diesel 4.67020 181.4 -8.82 2.78 -5.67 -10.73 -1.93 -16.83 MANUFACTURED PRODUCTS 64.97164 153.0 -0.45 -0.20 0.65 -0.58 1.90 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

4.6 -0.07 -0.39 2.37 1.11 5.37 2.32 Leather & Leather Products 0.83509 143.8 -0.07 -1.03 0.07 1.05 0.34 -1.57 Rubber & Plastic Products 2.98697 146.3 -0.53 -0.48 0.20 -1.35 1.56 -2.60 Chemicals & Chemical Products 12.01770 150.6 -0.13 -0.13 0.39 -0.20 2.68 -1.70 Non-Metallic Mineral Products 2.55597 176.9 -0.57 -0.67 4.60 -1.01 5.86 0.97 Cement & Lime 1.38646 173.7 -1.38 0.00 4.14 -2.25 4.21 1.64 Basic Metals Alloys & Metal Product 10.74785 152.2 -0.90 -1.23 -1.49 -5.99 0.06 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

.06 -4.00 -2.13 PRIMARY ARTICLES 20.12 2.27 -0.36 -2.29 -4.21 -3.98 -0.48 Food Articles 14.34 5.20 2.44 0.84 -1.02 -1.20 3.12 Cereals 3.37 0.47 -0.25 -1.02 -1.98 -1.66 -0.39 Rice 1.79 -3.22 -3.40 -3.76 -3.89 -2.86 -1.62 Wheat 1.12 4.53 4.68 3.29 2.09 1.96 1.84 Pulses 0.72 58.17 52.98 38.94 36.49 36.18 36.78 Vegetables 1.74 14.08 2.56 -8.60 -20.03 -24.43 -6.82 Potato 0.20 -53.72 -58.95 -57.98 -51.76 -48.87 -51.60 Onion 0.18 52.69 85.66 120.69 74.44 -0.49 19.07 Fruits 2.11 -2.35 -4.78 -5.15 -1.42 .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     Latest Happenings     ↓  

News: Notification Issued For GST Actionable Claim On Branded Food Products

Highlight: Classification printed computer stationary/manifold Business Forms - to be classified under Chapter Heading 4820.00 or under Chapter Heading 4901.90 - items like A4 sheets, advertisement and job card to be classified under Chapter 49

Forum: GST Invoice

Notification: Seeks to amend notification no. 5/2017- central tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding restriction of refund on corduroy fabrics

Notification: Amendments in the notification No.5/2017- Integrated Tax (Rate) dated the 28th June, 2017.

Notification: Seeks to amend notification no. 2/2017- central tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding gst exemptions

Notification: seeks to exempt Skimmed milk powder, or concentrated milk

Article: Websites of Government Departments need lot of improvement. We are noticing detoriations in them for example, case of website of ITAT.

Notification: Seeks to amend notification no. 2/2017- integrated tax(rate) dated 28.06.2017 to give effect to GST council decisions regarding GST exemptions.

Article: RCM Applicability to persons not liable to get registered us 23(1)

Notification: Seeks to amend notification no. 1/2017- central tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding gst rates

Notification: Seeks to amend notification no. 1/2017- integrated tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding gst rates.

Article: Credit of unsold stock [Section 140(3)] - Actual Credit as well as Notional Credit - Part-I - GST Transitional provisions

News: GST Refund - Blockage of Working Capital of Exporters - earlier also there was a normal blockage of funds for a period of 5-6 months at least

News: Clarification about Transition Credit - ₹ 1.27 lakh crore of credit of Central Excise and Service Tax was lying as closing balance as on 30th June, 2017 - claim of credit of ₹ 65,000 crore is not unexpected

Article: 20 Things You must know about E Way Bills in GST Law

Article: MISTAKES IN DRAFTING

Forum: Duty Drawback- Urgent

Highlight: The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes -reg. - Circular

Highlight: The definition of "subsidiary company" or "subsidiary" u/s 2(87) of the Companies Act, 2013 shall come into force w.e.f. 20-9-2017

Highlight: Central Government notified the All Industry Rates of Duty Drawback Schedule w.e.f. 1.10.2017 - Notification

Notification: All Industry Rates of Duty Drawback Schedule w.e.f. 1.10.2017

Circular: Investment by Foreign Portfolio Investors in Corporate Debt Securities Review

Notification: Exemptions on supply of services under UTGST Act

Notification: Rates for supply of services under UTGST Act

Notification: Exemptions on supply of services under IGST Act

Notification: Rates for supply of services under IGST Act

Notification: List of Exempted supply of services under the CGST Act

Notification: Rates for supply of services under CGST Act

Highlight: Acceptance of deposits by companies from its members - conditions relaxed in case of Specified IFSC Public company and a private company - Rule 3 amended

Notification: Rate of exchange of conversion of the foreign currency with effect from 8th September, 2017

News: Tax Payers Advised To Confirm Identities Of Income Tax Search Authorities

Notification: Amendment in Appendix 3 (SCOMET items) to Schedule- 2 of ITC (HS) Classification of Export and Import Items 2012

Notification: The Customs and Central Excise Duties Drawback Rules, 2017

Circular: The Customs and Central Excise Duties Drawback Rules, 2017 and All Industry Rates (AIRs) of Drawback related changes -reg.

News: GST implementation smoother than expected: Jaitley

Forum: GST - TRAN1 - filed - Data uploaded with Remarks Processed with Error - Not coming in Electronic credit ledger - need suggession guidance

Forum: 3B mistake

Forum: Input tax credit

Forum: Excise duty credit on finished stock at additional place of business.

Forum: Due date of Filing TRAN-1

Highlight: Diversion of income at source - Joint venture agreement - 97% of the receipt transfer to M/s TRG Industries (P) Ltd. - scope of the agreement - it is diversion by overriding title - not taxable in the hands of assessee - HC

Highlight: Expenditure on eligible projects or schemes u/s 35AC - After 01.04.2017 the legislature desired to withdraw such deduction. - The Union legislature was competent to introduce such amendment - HC

Highlight: Transfer of trading assets at cost price, the profit component also stood transferred to the outgoing Directors, which otherwise belonged to the Company - the fact that AO has made the addition in the hands of the Directors would not make any difference - additions confirmed - HC

Highlight: The interest u/s 234B of the Act cannot go beyond the stage of S.245D(I) before the Settlement Commission - HC

Highlight: Galvanized iron pipe is a different commercial commodity than a iron pipe, therefore the activity of galvanization in our considered opinion amounts to manufacture - Deduction u/s 80-IB allowed - HC

Highlight: Penalty u/s 271C - non deduction of TDS on interest paid to sister concerns in terms of Section 194A - Levy of penalty confirmed - HC

Highlight: Disallowance of interest - reference to section 179 - The legislature has also recognised, that the doctrine of lifting of veil in the matter of tax dues is to be applied to prevent fraud etc. and not where the company has suffered despite its normal bona fide function. - HC

News: RBI Reference Rate for US $

Notification: Amendment in Notification No. S.O. 3118(E), dated the 3rd October, 2016



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version