01 Oct 2024 06:03 PM
New

Beverage industry seeks sugar content-based tax on aerated drinks

Source: https://www.livemint.com/industry/beverage-industry-sugar-content-based-tax-aerated-drinks-gst-carbonated-soft-drinks-11727706324324.html

A tiered approach of a lower tax on drinks with less sugar will encourage more such options and boost local production and investment, says industry body.

01 Oct 2024 06:07 PM
New

GST-related anti-profiteering regime to end in March next year, marking shift towards free pricing

Source: https://www.livemint.com/economy/gst-profiteering-consumers-businesses-regulation-cbic-prices-11727762033938.html

The anti-profiteering regime was intended as a transitional arrangement when indirect tax reforms were introduced in July 2017.

28 Sep 2024 06:24 PM
New

How GST 2.0 can transform the MSME sector

Source: https://economictimes.indiatimes.com/small-biz/gst/how-gst-2-0-can-transform-the-msme-sector/articleshow/113756277.cms

While the Government has shown willingness to address the sector concerns, MSMEs are looking forward for additional focus on introducing transformative and progressive reforms for its growth and the economy at large.

25 Sep 2024 06:29 PM

Top Events of the Day: KRN Heat IPO opens, second phase of J&K elections, GST council meet, and more

Source: https://www.livemint.com/news/india/top-events-of-the-day-krn-heat-ipo-opens-today-second-phase-of-j-k-elections-zelenskyy-to-address-unga-and-more-11727226776750.html

Top Events of the Day: The second phase of Jammu and Kashmir elections is underway. The Group of Ministers on GST meets in Goa to discuss potential tax slab changes and rate revisions, aiming to refine India's four-tier GST structure.

25 Sep 2024 06:31 PM

Credit Cards: Can banks levy GST on interest component of personal loan EMIs?

Source: https://www.livemint.com/money/personal-finance/credit-cards-can-banks-levy-gst-on-interest-component-of-instant-personal-loan-emis-goods-services-tax-11727204564661.html

Credit cards: The interest portion on loan offered against the credit card limit is subject to 18 percent GST. This certainly adds to the overall EMI burden.

23 Sep 2024 06:13 PM

GoM Meeting: Bihar Deputy Chief Minister leads GST rate rationalisation push

Source: https://www.livemint.com/economy/gom-meeting-bihar-deputy-chief-minister-leads-gst-rate-rationalisation-push-11727060657571.html

A ministerial panel on GST rate rationalisation is set to meet in Goa on September 25 to discuss potential changes to tax slabs and rates.

23 Sep 2024 06:22 PM

Govt looks to reduce tax on marine diesel oil to boost coastal, inland shipping

Source: https://www.livemint.com/industry/marine-diesel-oil-tax-gst-tax-reduction-coastal-shipping-inland-waterways-shipping-ministry-petroleum-products-11727090224686.html

Bringing it under GST is one of the options being discussed, officials said. The goal is to reduce costs for coastal and inland shipping to help companies become more competitive and incentivise this relatively less-polluting mode of transport.

21 Sep 2024 06:19 PM

GST 2.0: Paving the way for India’s trade and economic growth

Source: https://economictimes.indiatimes.com/small-biz/gst/gst-2-0-paving-the-way-for-indias-trade-and-economic-growth/articleshow/113541522.cms

While GST has proved to be a transformational reform, taxpayers faced teething issues in the initial years, including compliance and interpretational difficulties.

19 Sep 2024 06:31 PM

Nano businesses in India need special policy attention to flourish

Source: https://www.livemint.com/opinion/online-views/nano-businesses-msmes-entrepreneurship-gst-employment-formal-credit-lending-policy-support-11726679009443.html

Are we looking at the Indian micro, small and medium enterprise (MSME) sector through the wrong lens? According to government data, there were over 63 million MSMEs in 2015, of which over 60 million were micro enterprises. Of these micro enterprises, though, how many would be ‘nano’ businesses?

18 Sep 2024 06:15 PM

PM Modi turns 74 today: From an RSS worker to third term Prime Minister – a time line of his life and rise in BJP

Source: https://www.livemint.com/politics/happy-birthday-pm-modi-from-an-rss-worker-to-third-term-prime-minister-a-time-line-of-his-rise-in-bjp-11726533967603.html

Born in Gujarat, Modi rose from a humble background to become India's longest-serving non-Congress Prime Minister. His journey is marked by significant events, including the 2002 riots and major policy initiatives like GST, CAA, and the abrogation of Article 370.