Right tax structure for online gaming industry can boost domestic cos: Report
  • 27 Aug 2022 06:11 PM
  • New

Right tax structure for online gaming industry can boost domestic cos: Report

Source: https://www.livemint.com/news/india/right-tax-structure-for-online-gaming-industry-can-boost-domestic-cos-report-11661502366558.html

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 .

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India facing inflation as BJP using all money to buy MLAs: Arvind Kejriwal in Delhi Assembly
  • 27 Aug 2022 06:16 PM
  • New

India facing inflation as BJP using all money to buy MLAs: Arvind Kejriwal in Delhi Assembly

Source: https://www.livemint.com/politics/news/india-facing-inflation-as-bjp-using-all-money-to-buy-mlas-cm-arvind-kejriwal-in-delhi-assembly-special-session-11661511782480.html

NEW 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’.

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India's GDP will grow at 7.4% in FY 2022-23, says Nirmala Sitharaman
  • 27 Aug 2022 06:21 PM
  • New

India's GDP will grow at 7.4% in FY 2022-23, says Nirmala Sitharaman

Source: https://www.livemint.com/news/indias-gdp-will-grow-at-7-4-in-fy-2022-23-says-nirmala-sitharaman-11661517093269.html

The Finance Minister was of the opinion that since the corporate tax collection has been high, it cannot be without private investment.

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There’s GST on daily essentials as Centre needs money to buy MLAs: Arvind Kejriwal
  • 27 Aug 2022 06:24 PM

There’s GST on daily essentials as Centre needs money to buy MLAs: Arvind Kejriwal

Source: https://www.livemint.com/news/india/theres-gst-on-daily-essentials-as-centre-needs-money-to-buy-mlas-arvind-kejriwal-11661583636094.html

Arvind 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.

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'Didn't have to impose GST on food items if...': Kejriwal accuses BJP of spending ₹6,300 crore in toppling govts
  • 27 Aug 2022 06:27 PM

'Didn't have to impose GST on food items if...': Kejriwal accuses BJP of spending ₹6,300 crore in toppling govts

Source: https://www.livemint.com/news/india/arvind-kejriwal-accuses-bjp-of-spending-rs-6-300-crore-in-toppling-govts-11661589064893.html

Delhi 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.

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Revenue of states may grow 7-9% this fiscal: Report
  • 24 Aug 2022 05:42 PM

Revenue of states may grow 7-9% this fiscal: Report

Source: https://www.livemint.com/news/india/revenue-of-states-may-grow-7-9-this-fiscal-report-11661336118982.html

New 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.

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Govt to investigate fraudulent misuse of PAN for GST registration
  • 23 Aug 2022 06:20 PM

Govt to investigate fraudulent misuse of PAN for GST registration

Source: https://taxguru.in/goods-and-service-tax/govt-investigate-fraudulent-misuse-pan-gst-registration.html

Recent 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.

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CGST Bhiwandi arrests 2 persons for bogus invoices of Rs. 55 crore
  • 22 Aug 2022 06:21 PM

CGST Bhiwandi arrests 2 persons for bogus invoices of Rs. 55 crore

Source: https://taxguru.in/goods-and-service-tax/cgst-bhiwandi-arrests-2-persons-bogus-invoices-rs-55-crore.html

CGST Bhiwandi Commissionerate arrests two persons for availing and passing on fake ITC on bogus invoices of Rs. 55 crore

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CGST Navi Mumbai arrests one for availing & passing on fake ITC
  • 22 Aug 2022 06:26 PM
Representation on RCM on Residential Property, GTA Declaration & GST Appeal
  • 22 Aug 2022 06:33 PM

Representation on RCM on Residential Property, GTA Declaration & GST Appeal

Source: https://taxguru.in/goods-and-service-tax/representation-rcm-residential-property-gta-declaration-gst-appeal.html

Maharashtra 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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