- 13 Jul 2022 12:16 PM
- New
Qualification relaxation in healthcare can't be given: Delhi HC
The Delhi High Court has noted that patient safety is of the utmost significance and that concessions made under government policies to start-ups and MSMEs regarding their expertise and other qualifications cannot be offered in particular industries, such as healthcare. A registered start-up earlier petitioned the court to object to the tender terms set by a super-specialty hospital run by the Delhi government for the purchase of stents, grafts, and valves for the cardiology department.
Read More
- 13 Jul 2022 12:23 PM
- New
GST on online gaming, casinos: Group of Ministers to finalise report by 10 Aug
The Group of Ministers (GoM) will finalise its report on taxing casinos, online gaming and horse racing by 10 August. In a virtual meeting held on Tuesday, the GoM discussed various methods of taxation of casinos, horse racing and online gaming.
Read More
- 13 Jul 2022 12:33 PM
- New
Why it’s time to worry about state finances
Source: https://www.livemint.com/economy/why-we-need-to-fix-sinking-state-finances-now-11657649114270.html
State governments are confronting various fiscal risks, particularly heavy debt, says the Reserve Bank of India’s latest bulletin. The Centre too recently red-flagged states’ high off-budget borrowings and escalating power dues. Mint analyses the implications.
Read More
- 13 Jul 2022 03:21 PM
Sale of online space for advertisement to attract 18% GST: Karnataka AAR
E-commerce portal Myntra Designs Pvt Ltd had approached the AAR seeking a ruling on whether providing advertisement space on its portal to foreign entity Lenzing Singapore Pte Ltd was liable to GST.
Read More
- 12 Jul 2022 01:36 PM
GST on gaming and gambling: Don’t ‘game over’ before it has even begun
Shifting the spotlight on to players will have ruinous implications far and wide. Similarly, the decision to impose a one-time 28% tax on customers in a casino is equally misplaced.
Read More
- 11 Jul 2022 11:40 AM
The GST launch: An inflection point for India’s logistics sector
Five years after the GST roll-out, one can say that India has truly benefited from this game-changing implementation of “One nation one Tax". India has replaced the United States as the second-most favourable manufacturing hub, according to Cushman & Wakefield’s 2021 Global Manufacturing Risk Index.
Read More
- 11 Jul 2022 05:50 PM
IAMAI urges govt to not put online gaming in the highest GST slab
NEW DELHI: Internet and Mobile Association of India (IAMAI) has urged the Centre and GST Council to not raise goods and service tax (GST) on online gaming. Currently, the online gaming industry pays a GST of 18% on gross gaming revenue (GGR) and 0% on contest entry fee (CEF).
Read More
- 09 Jul 2022 11:06 AM
Rented homes lack GST clarity
Source: https://www.livemint.com/news/india/rented-homes-lack-gst-clarity-11657298698338.html
NEW DELHI : The Goods and Services Tax (GST) Council’s decision last week to tax residential units being rented out to business entities at 18% may become another source of litigation and divergent rulings under the GST regime as there is no clarity over whether companies would be allowed to claim an input tax credit for the 18% GST.
Read More
- 09 Jul 2022 11:13 AM
Finance Ministry announces GST exemption on sale of national flag. Details here
Sale of the Indian national flag, irrespective of whether machine made or of polyester, is exempt from the Goods and Services Tax (GST), the finance ministry said on Friday. Hand-woven, hand-spun national flags made of cotton, silk, wool or Khadi are already exempt from GST. In an office memorandum, the Revenue Department clarified that polyester or machine-made tricolour too would be exempt from the levy following amendments to the 'Flag Code of India, 2002' in December last year.
Read More
- 08 Jul 2022 11:31 AM
Traders to write to state finance ministers to rollback 5% GST on pre-packed and unbranded food
BENGALURU : Traders across the country have demanded the withdrawal of the goods and services tax (GST) council’s decision to do away with exemption on pre-packed and unbranded food items and impose a 5% tax.
Read More