22 Mar 2024 06:21 PM
New

Supreme Court reserves order on Kerala's borrowing limit challenge

Source: https://www.livemint.com/news/supreme-court-reserves-order-on-keralas-borrowing-limit-challenge-11711104859027.html

The Supreme Court has reserved its judgment in the case regarding borrowing limits between the Union government and the state of Kerala.

22 Mar 2024 06:04 PM
New

Hindustan Zinc gets ₹91 crore GST demand, Company plans legal challenge, HZL stocks in green

Source: https://www.livemint.com/companies/news/hindustan-zinc-gets-rs-91-crore-gst-demand-company-plans-legal-challenge-hzl-stocks-in-green-11711095444213.html

Hindustan Zinc Limited (HZL), a subsidiary of Vedanta Ltd, disclosed that it has received an order from the Additional Commissioner, Central Excise and CGST Commissionerate, Udaipur, demanding payment under the Central Goods and Services Tax Act, 2017, as per a regulatory filing. The company has been directed to pay ₹91,90,16,104 as GST, along with an equivalent amount of penalty and applicable interest.

19 Mar 2024 05:34 PM
New

GST council postpones review of 28% levy on online gaming; likely to be taken up after Lok Sabha elections 2024

Source: https://www.livemint.com/economy/gst-council-postpones-review-of-28-levy-on-online-gaming-likely-to-be-taken-up-after-lok-sabha-elections-2024-11710837772748.html

The 28% tax on online gaming was implemented on October 1, 2023, and was scheduled to be reviewed after six months

16 Mar 2024 05:53 PM

CBI Nabs GST, Income Tax Officer and Bank Manager in Bribery cases

Source: https://taxguru.in/goods-and-service-tax/cbi-nabs-gst-income-tax-officer-bank-manager-bribery-cases.html

Introduction: The Central Bureau of Investigation (CBI) has made significant strides in combating corruption by apprehending several government officials involved in bribery cases. This article delves into the details of these arrests, highlighting the alleged offenses and ongoing investigations.

15 Mar 2024 05:17 PM

Lok Sabha Polls 2024: Congress announces 5 guarantees for farmers including GST exemption, legal status to MSP

Source: https://www.livemint.com/politics/news/lok-sabha-polls-2024-congress-announces-5-guarantees-for-farmers-including-gst-exemption-legal-status-to-msp-11710433941819.html

Lok Sabha Elections 2024: The Congress' five guarantees for farmers include the guarantee of legal status to Minimum Support Price (MSP) and to amend GST in favour of farmers.

15 Mar 2024 05:28 PM

Data recap: Sebi’s warning, steady inflation, EFTA deal

Source: https://www.livemint.com/news/data-recap-sebi-s-warning-steady-inflation-efta-deal-11710426683947.html

Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The Securities and Exchange Board of India (Sebi) has flagged the possible risks for retail investors from the build-up of bubbles in the stock market. The retail inflation for February came in at 5.09%, largely unchanged from the previous month, while core inflation eased further.

15 Mar 2024 05:32 PM

Better use of data could help small caps and their investors flourish

Source: https://www.livemint.com/opinion/online-views/better-use-of-data-could-help-small-caps-and-their-investors-flourish-11710425332132.html

It's one thing for financial sector regulators to promote prudence by flagging signs of excessive speculation in any area of the securities market; it's quite another to label a class of shares as inherently risky.

14 Mar 2024 06:01 PM

Ministry of Home Affairs Extends 50% GST Support for Kendriya Police Welfare

Source: https://taxguru.in/goods-and-service-tax/ministry-home-affairs-gst-support-kendriya-police-welfare.html

Introduction: The Ministry of Home Affairs (MHA) has announced a significant welfare measure aimed at supporting the personnel of Central Armed Police Forces (CAPFs) and their families. Under the leadership of Prime Minister Narendra Modi and Union Home Minister Amit Shah, the MHA has decided to provide 50% financial support on Goods and Services Tax (GST) for purchases made from Kendriya Police Kalyan Bhandar, effective April 1, 2024.

14 Mar 2024 06:04 PM

Representation to Resolve GST Section 16(4) Issues

Source: https://taxguru.in/goods-and-service-tax/representation-resolve-gst-section-164-issues.html

Introduction: Mopidevi Venkata Ramana Rao, former Minister of Andhra Pradesh and current Member of Parliament, addresses a crucial issue plaguing businesses across India. In a letter to Hon’ble Finance Minister Nirmala Sitaraman, he advocates for the resolution of challenges surrounding Section 16(4) of the Goods and Services Tax Act, 2017.

14 Mar 2024 05:58 PM

CBI Arrests Inspector CGST While Accepting Bribe

Source: https://taxguru.in/goods-and-service-tax/cbi-arrests-inspector-cgst-accepting-bribe.html

Introduction: In recent developments, the Central Bureau of Investigation (CBI) has made a significant arrest involving corruption. An Inspector from the Central Goods and Services Tax (CGST) department in Rawatpur, Kanpur, has been apprehended for accepting a bribe of Rs. 5000 from a complainant. This incident sheds light on the ongoing efforts to combat corruption within government agencies.