The proposed levy of higher goods and services tax on the online gaming industry could lead to a decline in active users and discourage domestic gaming companies, according to a report by Assocham and EY. An optimal tax structure on the industry will support animation, visual effects, gaming and comic sector vision of the government, the report added .
Read MoreNEW DELHI : AAP national convenor and Delhi chief Minister Arvind Kejriwal accused the Narendra Modi-led Bharatiya Janata Party (BJP) of trying to topple the AAP government in national capital Delhi. Calling BJP a "serial killer of governments", the Delhi CM requested a trust vote in the Assembly to ‘show people that not even one (AAP MLA) went away’.
Read MoreThe Finance Minister was of the opinion that since the corporate tax collection has been high, it cannot be without private investment.
Read MoreArvind Kejriwal said on Twitter that imposing Goods and Service Tax (GST) on daily essentials would bring in ₹7,500 crore annually to the exchequer of the Central government. The chief minister of Delhi asserted that the Narendra Modi administration had spent ₹6,300 crore to overthrow the state governments. Otherwise, he claimed, the Centre would not have added GST to necessities.
Read MoreDelhi Chief Minister Arvind Kejriwal, on Saturday took a sarcastic jibe on Bhartiya Janta Party (BJP) claiming that the Centre did not have to impose GST on food items if the "BJP had not spent a whopping ₹6,300 crore on toppling governments" in other non-BJP ruled states in the country.
Read MoreNew Delhi: Overall revenue of top 17 states in the country, which account for 85-90% of aggregate gross state domestic product (GSDP), is likely to grow at 7-9% this fiscal, Crisil Ratings said on Wednesday.
Read MoreRecent reports in a section of the media have highlighted a case of Sh. Girish Yadav, a resident of Khagaria, Bihar having received a letter from the jurisdictional GST authorities for recovery of GST amounting to Rs. 37.5 lakh alongwith applicable interest and penalty.
Read MoreCGST Bhiwandi Commissionerate arrests two persons for availing and passing on fake ITC on bogus invoices of Rs. 55 crore
Read MoreSource: https://taxguru.in/goods-and-service-tax/cgst-navi-mumbai-arrests-availing-passing-fake-itc.html
CGST Navi Mumbai arrests one person for availing and passing on fake ITC on bogus invoices
Read MoreMaharashtra Tax Practitioners’ Association has made a representation on Confusion related to Levy of GST under RCM on Residential Property, Rejection of Appeal for non-submission of Certified copy of order from Authorities and Issues related to GTA Time Limit Of 16.08.2022 For Submission Of Annexure V.
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