- 18 Jun 2024 06:37 PM
- New
We need tax reforms to support India’s expenditure path
The dust from a heated election campaign has now settled down. A new government has been sworn in. The Union finance ministry led by Nirmala Sitharaman is busy preparing the full budget for the current financial year. It is a good time to take a look at the way ahead for Indian fiscal policy over the next five years.
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- 18 Jun 2024 06:28 PM
- New
Online gaming firms likely to be left in the lurch at GST Council meet
NEW DELHI : New Delhi: Online gaming companies hoping for relief from the GST Council on retrospective taxes adding up to ₹1.12 trillion may have to wait longer. The federal indirect tax body is unlikely to consider the industry’s plea during its meeting on Saturday, according to two officials informed about the council’s plans.
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- 18 Jun 2024 06:33 PM
- New
Centre likely to increase the corpus of interest-free loans to states in upcoming budget
The Centre is considering allocating a higher amount for 50-year, interest-free loans to states in the upcoming annual budget. Two people aware of the matter said that a chunk of these loans will continue to be linked to reforms by the states, albeit the list of reforms will be tweaked.
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- 17 Jun 2024 06:15 PM
Reset GST to make it a 'good and simple tax'
That cooperative federalism has been in need of rescue, given the shape of Indian politics, is all the more reason for India to put the economy first. Doing so can act as a political unifier, as seen in the run-up to GST adoption back in 2017. The Centre and states must use this Saturday’s GST Council meeting to tackle the task of fixing the flaws of this catch-all tax on goods and services.
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- 17 Jun 2024 06:19 PM
EXPLAINED! Why is Delta Corp share price skyrocketing before Budget 2024?
Delta Corp share price has risen from ₹110 to ₹136 apiece level in June 2024, delivering 24% return to is shareholders
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- 14 Jun 2024 06:42 PM
Gujarat Gas, GAIL, and Petronet LNG stocks may gain if natural gas is included in GST
In its latest note, global brokerage house Jefferies highlighted that the Modi government's renewed efforts to include natural gas under GST could benefit companies like Gujarat Gas Ltd, GAIL (India) Ltd, and Petronet LNG Ltd.
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- 14 Jun 2024 06:38 PM
Centre-state talks soon on budget, GST
Source: https://www.livemint.com/economy/centrestate-talks-soon-on-budget-gst-11718279369403.html
The GST Council is scheduled to meet on 22 June in the national capital.
Industry executives expect steps to make tax filings easier, relief for online gaming for their past tax dues and clarifications in the insurance sector.
- 11 Jun 2024 06:24 PM
Modi 3.0 Cabinet: Nirmala Sitharaman retains finance ministry
Nirmala Sitharaman is lauded for her role in advancing second-generation economic reforms. She is credited with reviving the Indian economy hit by the notes ban, implementing the Goods and Services Tax (GST), and reducing the base corporate tax to 22% from 30%
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- 10 Jun 2024 06:47 PM
Flour mixes with additives attract 18% GST, clarifies Gujarat appellate authority
A Gandhinagar-based company selling flour mixes for dishes like idli, dhokla, and dahi vada had argued that these flour mixes should be classified under a category liable to a 5% tax rate
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- 10 Jun 2024 06:55 PM
Mint Explainer: What were the key policy changes in Nirmala Sitharaman’s first five years as finance minister?
New Delhi: The new NDA coalition government will have to shift gears quickly as the Union budget for FY25, scheduled to be presented in about a month, will set the direction of future policies. Among the main challenges are improving living standards and the ease of doing business in India while ensuring macroeconomic stability amid global uncertainties.
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