- 22 Jul 2024 06:17 PM
- New
Union Budget 2024: What will its impact on the economy be?
Budget 2024-25 to focus on agriculture, job creation, and infrastructure investment for robust food supply chain.
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- 22 Jul 2024 06:33 PM
- New
GST Council Newsletter June 2024
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-june-2024.html
The 53rd GST Council Meeting was held on 22nd June, 2024 in New Delhi under the Chairmanship of Hon’ble Union Finance Minister.
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- 22 Jul 2024 06:20 PM
- New
Union Budget 2024: What does the real estate sector expect?
The Indian real estate sector anticipates significant reforms in the upcoming budget, including GST reduction, lower interest rates, industry status, and incentives for affordable and sustainable housing, aiming to boost growth and accessibility nationwide.
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- 22 Jul 2024 06:13 PM
Budget 2024: Real estate players seek tax sops, REIT reforms, industry status, spending boost in Union Budget 2024-25
Budget 2024: The commercial real estate industry has high hopes for the upcoming Union Budget. Top players are calling for a mix of tax breaks, regulatory reforms, and infrastructure spending to boost investment, ease costs for homebuyers and developers, and propel the sector's growth.
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- 22 Jul 2024 06:28 PM
Data explainer: Why the Union budget can do only so much
The annual budget day is touted as the biggest event in India’s economic calendar. It’s the day when the central government outlines how, and how much, it plans to earn and spend in the new financial year. However, in the grand scheme of things, the financial import of this annual budget is limited simply because the amount of surplus funds at the government’s disposal is limited.
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- 22 Jul 2024 06:24 PM
Budget 2024 Expectations: Consumer electronics industry seeks support for job growth and GDP push
The consumer electronics sector seeks budgetary support to drive growth, including GST revisions, infrastructure investments, and skill development initiatives, aiming to achieve global leadership in manufacturing.
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- 19 Jul 2024 05:56 PM
Interoperable services of E-Invoice-1 and E-Invoice-2 Systems
Source: https://taxguru.in/goods-and-service-tax/interoperable-services-e-invoice-1-e-invoice-2-systems.html
The E-invoice1 system, operational since October 2020, has facilitated the generation of over 631 crore e-invoices by 11.08 lakh taxpayers, with over 21 crore e-invoices generated monthly. The system, rolled out in phases, began with taxpayers having an annual aggregate turnover (AATO) over Rs. 500 crores and now includes those with AATO over Rs. 5 crores, extending to B2B and export invoices from August 1, 2023. GSTN expanded the number of e-invoice portals from one to six, incorporating private participation, with NIC launching the e-invoice2 portal in March 2023. Despite multiple portals, the e-invoice1 portal remains predominant for IRN generation. NIC has now introduced interoperable services between e-invoice1 and e-invoice2 portals, available for testing and set to go live on August 1, 2024. Key features include shared login credentials, unified API token usage for e-invoice and e-waybill services, and criss-cross operations for printing and cancellation of e-invoices across both portals. These services enable seamless switching between portals, ensuring uninterrupted e-invoice generation and high system availability, even during technical challenges. Detailed API-related features are available in the API documentation and sandbox websites of the e-invoice and e-waybill systems.
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- 19 Jul 2024 05:49 PM
Budget 2024 expectations: From IT, infra to capital gains tax, these are the changes one can expect
The Indian stock market is abuzz with anticipation as the coalition government prepares to unveil its Budget 2024. This budget is not just a fiscal plan; it is a blueprint that will set the tone for the country's economic trajectory. Investors, market analysts, and corporate leaders are keenly watching for signals that will guide their strategies and investment decisions. The expectations are high, with several key areas drawing significant attention.
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- 18 Jul 2024 05:28 PM
Casual dining sector faces 'cloud landlord', inflation and other mounting cost challenges
New Delhi: India's casual dining industry has been leading the organized food services market, capturing nearly 50% of the share until FY24, while quick service restaurants accounted for another 27%. However, the sector faces several challenges and anticipates clarity with the upcoming Union budget. The National Restaurant Association of India (NRAI), which advocates for the interests of numerous restaurants across the country, hopes that the sector, which is the third-largest employer providing 8.5 million jobs until FY24, will receive favourable.
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- 18 Jul 2024 05:36 PM
With ₹12 trillion stuck in tax disputes, Govt must speed up resolution mechanism in budget: Experts
Mumbai: The government must look to fix dispute resolution in the upcoming budget with steps such as streamlining legal processes and introducing monitoring mechanisms to free up more than ₹12.2 trillion stuck in various tax squabbles, experts said.
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