- 27 Jun 2022 05:52 PM
- New
GST Council may approve 28% rate on online games, casinos, race courses
New Delhi: The GST Council, in its two-day meeting beginning Tuesday, is likely to clarify that 28% rate could apply to casinos, online games, and race courses, and specify the transaction value on which a proposed 28% tax would apply, bringing much-needed clarity on the taxation in these sectors.
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- 27 Jun 2022 05:57 PM
- New
Fintech lender NeoGrowth launches accelerator business loan
NeoGrowth Accelerator is a collateral-free term loan of up to ₹20 lakh for the underserved MSME segment comprising manufacturers, distributors, traders, dealers, and service providers. It is designed to fulfill the working capital requirements of GST-registered MSMEs based on their cash flows
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- 27 Jun 2022 06:05 PM
- New
GST Council Meet: Rate changes on some items on cards, states' compensation tops agenda
Apart from rate rationalisation, the Council is expected to see a stormy discussion around compensation payout to states with Opposition-ruled states aggressively pushing for its continuation beyond the 5-year period which ends in June.
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- 27 Jun 2022 06:12 PM
47th GST Council Meeting Expected Agenda
Source: https://taxguru.in/goods-and-service-tax/47th-gst-council-meeting-expected-agenda.html
The two-day GST Council meet on 28th and 29th of June in Chandigarh is likely to deliberate upon a various agenda. The main aim will be to ease compliance burden, promote small businesses and increase tax collection by enhancing tax rates and tax base.
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- 25 Jun 2022 05:33 PM
L'oreal profiteered ₹186 crore by not passing GST benefits to consumers: National Anti-Profiteering Authority
The goods and services tax (GST) profiteering watchdog has held cosmetics and personal care giant L’oreal guilty of not passing on the rate reduction benefits to consumers to the tune of ₹186 crore.
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- 25 Jun 2022 05:40 PM
Cryptocurrency TDS may impact long-term liquidity
A new tax regime that is set to be imposed on the sale of virtual digital assets, or cryptocurrency tokens, may not have a big impact in the short run. However, in the long term, the additional tax deducted at source (TDS) of 1% could affect overall liquidity in the crypto market once the sector bounces back, said experts.
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- 25 Jun 2022 05:49 PM
GST compensation cess levy extended till 31 March 2026: Finance Ministry
The Finance Ministry on 25 June notified the extension for levy of GST compensation cess by nearly 4 years till 2026.
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- 25 Jun 2022 05:55 PM
MakeMyTrip joins Global Sustainable Tourism Council
NEW DELHI : Online tour operator MakeMyTrip has joined the Global Sustainable Tourism Council (GSTC) in order to drive sustainable tourism practices.
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- 25 Jun 2022 05:59 PM
GST compensation cess on luxury items extended till March 2026
New Delhi: The government has notified the extension of the Goods and Services Tax (GST) compensation cess levied on items in the 28% slab till March 2026.
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- 24 Jun 2022 05:02 PM
States to push for continuing GST compensation beyond June
The GST Council at its meeting next week is likely to be a stormy affair with the opposition-ruled states aggressively pushing for the continuation of compensation for revenue loss, while the Centre will defend such a move citing a tight revenue position.
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