GST upsurge: This tax needs to be tweaked
  • 03 Apr 2024 05:23 PM
  • New

GST upsurge: This tax needs to be tweaked

Source: https://www.livemint.com/opinion/quick-edit/gst-upsurge-this-tax-needs-to-be-tweaked-11711984570696.html

Summary
For 2023-24, India’s GST revenue crossed ₹20 trillion. If its weak mop-ups are firmly in the past, at long last, we must go for slab and rate reforms.

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Hybrid cars can act as a bridge to carbon-free mobility
  • 03 Apr 2024 05:07 PM
  • New

Hybrid cars can act as a bridge to carbon-free mobility

Source: https://www.livemint.com/opinion/online-views/hybrid-cars-can-act-as-a-bridge-to-carbon-free-mobility-11711981520489.html

Summary
India should rethink GST policy in support of hybrid vehicles as a pathway to exhaust-free roads. It could smoothen the transition while infrastructure for EVs takes time to emerge.

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Govt’s FY24 tax collection target broadly met on back of robust economic activity: Report
  • 03 Apr 2024 05:30 PM
  • New

Govt’s FY24 tax collection target broadly met on back of robust economic activity: Report

Source: https://www.livemint.com/news/india/govts-fy24-tax-collection-target-broadly-met-on-back-of-robust-economic-activity-report-11712061396188.html

The central government’s tax collection target of over ₹34.37 lakh crore for fiscal year 2023-24 (FY24) has been broadly met on the back of robust economic activity and improved compliance, according to a report by PTI.

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WinZO Games posts ₹120-crore operating profit in FY23 after similar loss in FY22
  • 03 Apr 2024 05:34 PM

WinZO Games posts ₹120-crore operating profit in FY23 after similar loss in FY22

Source: https://www.livemint.com/companies/news/winzo-games-posts-rs-120-crore-operating-profit-in-fy23-after-similar-loss-in-fy22-11712130184773.html

Mumbai: WinZO Games, a homegrown, vernacular, social-gaming startup with more than 175 million users, has posted an operating profit of ₹120 crore in FY23, after positing a ₹120 crore loss in FY22, according to financials submitted to the Ministry of Corporate Affairs.

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Nitin Gadkari vows to eliminate petrol, diesel vehicles in India soon: 'Not impossible'
  • 01 Apr 2024 06:07 PM

Nitin Gadkari vows to eliminate petrol, diesel vehicles in India soon: 'Not impossible'

Source: https://www.livemint.com/auto-news/nitin-gadkari-petrol-diesel-vehicles-hybrid-vehicles-evs-gst-bajaj-tvs-hero-flex-engines-fuel-imports-green-economy-11711972778410.html

Union Minister for Road Transport and Highways Nitin Gadkari has said that it is ‘one hundred per cent’ possible for the country to get rid of petrol and diesel cars altogether to make India a green economy.

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Looking for a home loan? Here are 4 things you need to know about processing fees
  • 01 Apr 2024 06:18 PM

Looking for a home loan? Here are 4 things you need to know about processing fees

Source: https://www.livemint.com/money/personal-finance/4-key-things-you-need-to-know-about-home-loan-processing-fees-loans-credit-score-gst-11711472189248.html

A home loan processing fee is a singular fee imposed by lenders for evaluating your home loan application. This fee primarily includes the expenses associated with verifying your income and employment information, assessing your creditworthiness, and assembling all the required documentation for your loan. The processing fees for home loans usually vary between 0.25% and 1% of the loan amount. Additionally, some lenders may have a set fee amount.

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Zomato gets GST demand order of ₹23.26 crore for FY 2018-19
  • 01 Apr 2024 06:21 PM

Zomato gets GST demand order of ₹23.26 crore for FY 2018-19

Source: https://www.livemint.com/companies/news/zomato-gets-gst-demand-order-of-23-26-crore-for-fy-201819-11711873544599.html

Online food delivery platform Zomato said, on March 31, that the company has received a GST demand order worth ₹23.26 crore for FY 2018-19 from Karnataka tax authorities, on March 30. The demand order has been received in respect of excess availment of input tax credit and interest, penalty thereon, the company said in an exchange filing.

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Noida man asked to pay ₹7 crore after booking Uber auto ride for ₹62: 'Chandrayaan ka bill bhi...'
  • 01 Apr 2024 06:24 PM

Noida man asked to pay ₹7 crore after booking Uber auto ride for ₹62: 'Chandrayaan ka bill bhi...'

Source: https://www.livemint.com/news/noida-man-asked-to-pay-rs-7-crore-after-booking-uber-auto-ride-for-rs-62-chandrayaan-ka-bill-bhi-11711886057273.html

An Uber ride in Noida, Uttar Pradesh, made a man owe crores to the cab aggregator even when the ride was not cancelled. A viral post-X claimed that a man in Noida had booked an Uber auto for ₹26. He was left in shock when he received a whopping bill of ₹ 7.66 crore on his app.

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No relief to Kerala in borrowing limit case, SC refers matter to constitutional bench
  • 01 Apr 2024 06:34 PM

No relief to Kerala in borrowing limit case, SC refers matter to constitutional bench

Source: https://www.livemint.com/news/india/no-relief-to-kerala-in-borrowing-limit-case-sc-refers-matter-to-constitutional-bench-11711950250292.html

New Delhi: The Supreme Court on Monday refused to grant interim relief to the Kerala government in its dispute with the Centre over the state's additional borrowing powers and referred the matter to a larger constitutional bench.

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Top news on 31 March: INDIA bloc maharally, Zomato GST demand order, and more
  • 01 Apr 2024 06:28 PM

Top news on 31 March: INDIA bloc maharally, Zomato GST demand order, and more

Source: https://www.livemint.com/news/top-news-on-31-march-zomato-receives-23-26-crore-gst-demand-india-bloc-leaders-gather-at-ramlila-maidan-pm-modi-meerut-11711889308851.html

Top news on 31 March: PM Modi launches Lok Sabha poll campaign in Meerut, Zomato gets ₹23.26 crore GST demand order, INDIA bloc holds Maharally in Ramlila Maidan

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