- 08 Dec 2022 06:24 PM
- New
Online gaming industry for 28% GST on gross gaming revenue not on entry amount
Online skill-based gaming industry is fine with the government raising GST on online gaming from 18 per cent to 28 per cent but it should be levied only on gross gaming revenue (GGR) and not on contest entry amount as could hit the USD 2.2-billion sector, say industry players.
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- 06 Dec 2022 05:59 PM
- New
GST council likely to consider decriminalisation of GST law in 17 December meet
The Goods and Services Tax (GST) Council scheduled to meet virtually on 17 December, is likely to discuss decriminalisation of offences under GST law, along with raising the threshold of launching prosecution to ₹20 crore, from ₹5 crore at present, news agency PTI quoted officials as saying.
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- 06 Dec 2022 06:03 PM
- New
GST law may be rid of crime tags
The Goods and Services Tax (GST) Council will consider proposals to decriminalize GST law and to set up appellate tribunals to resolve disputes at its next meeting on 17 December, a government official said.
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- 06 Dec 2022 06:06 PM
Cut excise duty on CNG till gas is included in GST: Kirit Parikh panel
The Central government should moderate the excise duty levied by it on CNG till natural gas is included in GST regime, recommended the Kirit Parikh committee.
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- 06 Dec 2022 06:11 PM
PAN likely to become single ID for investment approvals: What this means
Your Permanent Account Number (PAN) is likely to become the only identification needed for seeking different clearances and approvals from the central and state departments for your business. The Centre has announced that it is planning to allow businesses to use the PAN instead of other data as a unique identifier for entering into national single window system (NSWS) for such approvals.
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- 06 Dec 2022 06:19 PM
GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors
In the initial years, people struggled in understanding the impact of the new regime on their businesses, getting their internal systems revamped and training personnel to undertake the requisite compliances.
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- 05 Dec 2022 05:59 PM
Govt panel may not reach consensus on taxing online gaming: Report
A panel of Indian state finance ministers has yet to submit its report on taxation of the booming online gaming sector that is crucial to a final decision on how the levies should be imposed, a senior government official said on Monday.
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- 05 Dec 2022 06:07 PM
Decriminalisation of GST Act: Why it can be a big reprieve for small businesses in India
To promote ease of doing business for small businesses and clearly distinguish between minor offenses and willful evasion of duty, government is initiating one of the major overhauls of the GST provisions after 5 years.
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- 03 Dec 2022 02:16 PM
Budget 2023-24: PHD Chamber seeks single GST rate for hotels at 12%
As the government is set to present the union budget for FY24 on 1 February, 2023, PHD Chamber of Commerce and Industry has suggested the government to make maximum GST on hotel rooms at 12 percent.
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- 02 Dec 2022 06:02 PM
We want to be a one stop shop for anything related to real estate: Saurabh Garg
Amid the property rentals rising in major cities post COVID-19 pandemic and people fed up with issues related with rentals, brokerage, moving logistics, documentation and others, property listing platform NoBroker's Co-Founder and CBO Saurabh Garg opens up for an exclusive interview with LiveMint.
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