04 May 2024 06:04 PM
New

At 6.1% of GDP, GST revenue for FY24 still not above pre-GST level after 7 years, says former CEA Arvind Subramanian

Source: https://www.livemint.com/economy/at-6-1-of-gdp-gst-revenue-for-fy24-still-not-above-pre-gst-level-after-7-years-says-former-cea-11714691304922.html

After India's goods and services tax (GST) collections touched record high-mark at ₹2.10 lakh crore in April 2024, Arvind Subramanian, former Chief Economic Adviser (CEA) to the central government has now highlighted that the despite the high collections, GST revenue for fiscal 2023-24 (FY24) has still not surpassed the pre-GST level.

03 May 2024 06:35 PM
New

‘Fake’ company units, GST fraud & more: How SEBI unfolded the Manpasand Beverages scam

Source: https://www.livemint.com/market/stock-market-news/manpasand-beverages-fake-company-gst-fraud-more-heres-how-sebi-unfolded-this-corporate-scam-11714653628007.html

Manpasand Beverages Scam: The capital markets regulator Securities and Exchange Board of India (SEBI) has barred Manpasand Beverages Ltd (MBL) and its top officials and directors from the securities markets for a period of three years from now and also imposed a total penalty of ₹74 lakh for manipulating and mis-reporting the company's financial statements.

03 May 2024 06:39 PM
New

Char Dham Yatra 2024 to start on THIS date. Check helicopter booking fare, helpline details here

Source: https://www.livemint.com/news/trends/char-dham-yatra-2024-uttarakhand-may-15-kedarnath-badrinath-helicopter-booking-fare-details-tourists-irctc-booking-11714712752490.html

The Char Dham Yatra, a pilgrimage to the four sacred sites of Yamunotri, Gangotri, Kedarnath, and Badrinath, holds great significance for devotees is set to start on May 10.

The pilgrimage begins at Yamunotri, then moves on to Gangotri, continues to Kedarnath, and ends at Badrinath, following a clockwise route. These high-altitude shrines remain closed for about six months each year, opening in the summer (April or May) and closing as winter approaches (October or November).

03 May 2024 06:44 PM

KSCAA request Extension of Professional Tax Deadline in Karnataka

Source: https://taxguru.in/goods-and-service-tax/kscaa-request-extension-professional-tax-deadline-karnataka.html

The Karnataka State Chartered Accountants Association (KSCAA) plays a pivotal role in advocating for the welfare of Chartered Accountants and addressing professional challenges within Karnataka. In a recent development, the association has approached the Chief Minister of Karnataka, Sri Siddaramaiah, seeking an extension of the deadline for the payment of Professional Tax under The Karnataka Tax on Professions, Trades, Callings and Employment Act, 1976. This article delves into the reasons behind this request and its implications.

02 May 2024 06:45 PM

GST revenue collection for April 2024 highest ever at Rs 2.10 lakh crore

Source: https://taxguru.in/goods-and-service-tax/gst-revenue-collection-april-2024-highest-rs-2-10-lakh-crore.html

Introduction: The Ministry of Finance recently released data revealing a significant achievement in India’s tax revenue landscape: the highest-ever GST collection for April 2024, totaling an impressive ₹2.10 lakh crore. This milestone, accompanied by a detailed breakdown and analysis, sheds light on the underlying factors driving this historic feat.

02 May 2024 06:39 PM

The caveat you need to know while reading the GST ‘record’ in April

Source: https://www.livemint.com/economy/the-caveat-you-need-to-know-while-reading-the-gst-record-in-april-11714626455830.html

Goods and services tax (GST) collections hit a record ₹2.1 trillion in April, according to data released by the finance ministry on 1 May. The monthly GST data has often been used as a barometer of how well the economy is performing. But the April data may not be so straightforward.

02 May 2024 06:48 PM

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

Source: https://taxguru.in/goods-and-service-tax/live-course-appeal-pleading-drafting-gst-ca-sachin-jain.html

Join us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST. Gain comprehensive insights, practical strategies, and expert guidance to navigate the legal landscape with confidence and mastery.

01 May 2024 06:04 PM

GST collection hits record ₹2.10 trillion in April

Source: https://www.livemint.com/economy/gst-collections-breach-rs-2-trillion-mark-govt-collects-rs-2-10-trillion-in-april-2024-11714547798249.html

New Delhi: India's goods and services tax (GST) collection touched a record ₹2.10 trillion in April, reflecting robust economic growth, rising formalization and greater efficiency in tax collection.

01 May 2024 05:55 PM

Services soar in new company registrations in FY24

Source: https://www.livemint.com/companies/news/services-sector-dominates-new-company-registrations-in-fy24-11714458716228.html

NEW DELHI : Services sector raced ahead in company registrations in the just-ended financial year, reflecting the rapid formalization of a segment with few entry barriers. While services accounted for 71% of the 185,300-plus new companies registered in FY24, industry made up less than a fourth, while the farm sector accounted for about 6%.

29 Apr 2024 06:22 PM

In 10 charts: Where the Modi government's biggest bets of each year stand today

Source: https://www.livemint.com/news/india/in-10-charts-where-the-modi-governments-biggest-bets-of-each-year-stand-today-11714293121688.html

During its decade in power, the National Democratic Alliance (NDA) government has had its share of glides and stumbles in implementing its reforms agenda. How close did it come to delivering on the promise of “achhe din" (good days) through its various policies?