28 Jan 2025 06:15 PM
New

Union Budget: Infra sector calls for raised capex, sops for green projects, tax reforms

Source: https://www.livemint.com/companies/news/union-budget-infra-sector-calls-for-raised-capex-sops-for-green-projects-tax-reforms-11738063324443.html

The industry players in the infrastructure sector -- from construction to real estate, transportation, and urban development -- also emphasised the need for fiscal reforms and policies that would ease the burden on infrastructure projects.

28 Jan 2025 06:08 PM
New

Income tax payers in India have good reason to feel neglected

Source: https://www.livemint.com/opinion/online-views/income-tax-payers-in-india-feel-neglected-indian-middle-class-senior-citizens-standard-deduction-budget-2025-11737964964981.html

As the countdown to Union budget 2025-26 enters its final phase, it is about time individual taxpayers got a look-in from finance minister Nirmala Sitharaman.

28 Jan 2025 06:10 PM
New

Budget 2025 Expectations LIVE: Taxpayers, India Inc hoping for income tax relief to boost money in hand, consumer demand

Source: https://www.livemint.com/economy/union-budget-2025-expectations-live-updates-nirmala-sitharaman-announcement-date-time-speech-income-tax-gst-markets-news-11738037238578.html

Budget 2025 Expectations LIVE: Indian taxpayers, especially the middle class and corporate India alike are seeking tax reforms such as revised income tax slabs, lower GST rates, regulatory updates, Drand anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.

27 Jan 2025 06:26 PM

Manufacturing sector calls for pro-local manufacturing policies, GST reductions, and tax reforms ahead of Union Budget 2025-26

Source: https://www.livemint.com/economy/manufacturing-sector-calls-for-pro-local-manufacturing-policies-gst-reductions-and-tax-reforms-ahead-of-union-budget-202526-11737975475223.html

Days ahead of the Union Budget 2025-26 on February 1, the industry players in the manufacturing sector have called for favourable policies boosting local manufacturing, reducing GST on consumer durables, and tax reforms to increase disposable incomes and stimulate consumer spending.

27 Jan 2025 06:22 PM

Budget needs to rationalize taxes for hospitality sector, says hotels association head Kachru

Source: https://www.livemint.com/companies/union-budget-hospitality-sector-hotels-restaurants-gst-infrastructure-status-radisson-hotel-tourists-jobs-11737864116419.html

The hotel sector advocates for lower GST rates and infrastructure status to alleviate costs and boost competitiveness. With rising demand for hotel rooms, these reforms are crucial for attracting investments and supporting India's tourism vision for 2047.

27 Jan 2025 06:17 PM

Budget 2025 Expectations LIVE: Income tax slabs, capex allocation and GST rationalisation on wishlist

Source: https://www.livemint.com/economy/budget-2025-expectations-live-updates-finance-min-nirmala-sitharaman-speech-time-date-markets-announcement-tax-gst-capex-11737862225061.html

Budget 2025 Expectations LIVE: Corporate India is seeking tax reforms, lower GST rates, regulatory updates, and anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.

27 Jan 2025 06:12 PM

Fake GST violation notices on the rise, CBIC warns taxpayers: How to check? What to do next? Know here

Source: https://www.livemint.com/money/fake-gst-violation-notices-on-the-rise-cbic-warns-taxpayers-how-to-check-what-to-do-next-know-here-11737853528418.html

The Finance Ministry has issued a warning regarding fake GST violation notices created by fraudsters. These notices appear authentic due to the use of the CBIC's logo and DIN, prompting taxpayers to verify authenticity and report any suspicious documents.

25 Jan 2025 06:06 PM

CBIC Warns Against Fraudsters Issuing Fake GST Violation Summons

Source: https://taxguru.in/goods-and-service-tax/cbic-warns-fraudsters-issuing-fake-gst-violation-summons.html

CBIC has cautioned taxpayers about fraudsters issuing fake summons for GST violations, resembling official documents by using the CBIC logo and fake Document Identification Numbers (DIN). Taxpayers can verify the authenticity of any communication, including summons, via the ‘VERIFY CBIC-DIN’ tool on the CBIC website (https://esanchar.cbic.gov.in/DIN/DINSearch). If a communication is identified as fake, taxpayers should promptly report it to the relevant DGGI or CGST office for action. This measure aims to prevent fraud and protect taxpayers. The CBIC’s Circular No. 122/41/2019-GST outlines mandatory DIN usage on official communications.

24 Jan 2025 05:35 PM

Tax-policy reforms have a huge role to play in Viksit Bharat journey

Source: https://www.livemint.com/opinion/online-views/reform-of-tax-policy-role-in-india-s-viksit-bharat-taxpayer-friendly-budget-2025-expectations-simple-income-tax-gst-tds-11737692724703.html

As we embark on our journey to achieve the vision of ‘Viksit Bharat by 2047,’ there is little doubt that tax policy will play a key role in realizing it.

23 Jan 2025 06:27 PM

Centre likely to stay committed to fiscal consolidation in Union Budget: CareEdge Ratings

Source: https://www.livemint.com/economy/centre-likely-to-stay-committed-to-fiscal-consolidation-in-union-budget-careedge-ratings-11737613866769.html

Sachin Gupta, Chief Rating Officer, CareEdge Ratings, stated, "The budget is likely to focus on supporting consumption, boost manufacturing competitiveness to support job creation and tap the demographic potential, emphasis on agriculture via higher allocation for agri r&d, farmers' welfare and policy reforms, continued capex emphasis to close india's infrastructure gap in areas like power, and transportation, and fiscal discipline with focus on reducing the debt-to-gdp ratio."