- 23 Jan 2023 06:12 PM
- New
How GST brought cheer to some states, not others
New Delhi: The north-eastern states have been the biggest beneficiaries of the five-year-old goods and services tax (GST) regime, according to the Reserve Bank of India (RBI) report on State Finances released earlier this week. Mint explains how some states gained but others didn’t.
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- 23 Jan 2023 06:16 PM
- New
Budget 2023: 7 experts list what the auto sector expects from this year's budget
Most analysts don't see major announcements in the space, however, they expect some PLI-like incentives, some relief in GST (especially for electric vehicles), and further smoothening in the manufacturing process.
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- 20 Jan 2023 06:17 PM
- New
Longer wait for GST tribunals with Council yet to clear proposals
NEW DELHI : Businesses may have to wait longer for quicker resolution of Goods and Services Tax (GST)-related disputes under the proposed appellate tribunals, as the Finance Bill 2023 is expected to skip crucial amendments needed in this regard.
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- 20 Jan 2023 06:24 PM
Representation for one-time relaxation in time limit for filing of GST appeal
Request to issue special one-time relaxation for cases where the time limit for filing of appeal u/s 107 of the CGST/SGST Act is expired and no appeal has been filed and to increase the period of condonation of a delay from one month to one year.
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- 19 Jan 2023 05:23 PM
Gaming cos hope for tax relief
Source: https://www.livemint.com/companies/start-ups/gaming-cos-hope-for-tax-relief-11674055031675.html
NEW DELHI : The Indian gaming industry, which includes real money gaming, esports and fantasy sports, is pushing for a status quo or even lower tax regime in the Union budget.
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- 19 Jan 2023 05:40 PM
End of GST compensation to jolt six states most, says RBI
BENGALURU : The economies of half-a-dozen states are set to be “most severely affected" because of the termination of the goods and services tax compensation programme in June last year, a Reserve Bank of India report on state finances said.
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- 19 Jan 2023 05:44 PM
PGCIL drops second InvIT tranche plan
Source: https://www.livemint.com/industry/energy/pgcil-drops-second-invit-tranche-plan-11674062800103.html
NEW DELHI : State-run Power Grid Corp. of India Ltd (PGCIL) has dropped plans for its second infrastructure investment trust (InvIT) tranche in the current fiscal under the government’s National Monetisation Pipeline (NMP), and is instead exploring monetising receivables from specific projects by securitising their cash flow, said two people aware of the development.
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- 16 Jan 2023 05:36 PM
CBIC gives clarification on GST on SUVs
Source: https://www.livemint.com/industry/cbic-gives-clarification-on-gst-on-suvs-11673666784489.html
NEW DELHI: The Central Board of Indirect Taxes and Customs (CBIC) on Friday issued a set of instructions to senior field officers clarifying the tax and cess rates applicable on items like sports utility vehicles (SUVs) as decided by the Goods and Services Tax (GST) Council in December.
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- 16 Jan 2023 05:40 PM
No GST on incentives to banks for promoting RuPay debit cards: CBIC
New Delhi: No Goods and Service Tax (GST) is applicable on the incentives paid by the government to banks for promoting RuPay debit cards and low value BHIM-UPI transactions, the Central Board of Indirect Taxes and Customs (CBIC) has said.
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- 16 Jan 2023 05:43 PM
Budget 2023: 'Would like govt to rationalise GST on insurance products'
The government can look at GST rationalization on insurance products making it more affordable and attractive, wherein a reduction on GST can lead to increasing the insurance net, thereby not impacting the government collections, said Abhay Tewari, Managing Director & CEO, Star Union Daiichi Life Insurance.
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