- 31 Jan 2024 06:03 PM
- New
One Nation, One Tax Dream: Can Budget 2024 address GST complexities and pave the way for a truly unified tax regime?
Finance Minister Nirmala Sitharaman will present the interim budget on Thursday (February 1). Expectations for Budget 2024 include advocating for a progressive tax structure, targeted relief for SMEs, promoting digital transactions, and reviewing the GST structure. Tax incentives for sustainable practices and strategic investments in social sectors are also proposed.
Read More
- 31 Jan 2024 05:59 PM
- New
Budget 2024 Expectations: Lower ATF price, income tax to boost India's travel & tourism: Rajesh Magow of MakeMyTrip
Finance Minister Nirmala Sitharaman will unveil the Interim Budget for the financial year 2024-2025 (FY25) on February 1, 2024, which is likely to keep the focus on sustaining nominal economic growth, but may not involve any major policy changes.
Read More
- 29 Jan 2024 05:35 PM
- New
CBI Arrests Odisha GST Superintendent for Rs. 20,000 Bribery Scam
Introduction: In a significant development, the Central Bureau of Investigation (CBI) has apprehended a Superintendent of GST in Rourkela, Odisha, on charges of bribery. The case revolves around the official allegedly demanding a bribe of Rs.50,000 to correct an erroneously fixed GST liability of Rs.8 lakh to Rs.3.5 lakh for the complainant. Negotiations led to the accused agreeing to accept a partial bribe amount of Rs.20,000 as the first installment.
Read More
- 25 Jan 2024 06:24 PM
Lok Sabha polls: BJP invites suggestions for manifesto; Indians demand 'GST on fuel, jobs...'
Lok Sabha polls 2024: The BJP has sought suggestions from the public to formulate its poll manifesto ahead of elections. “Your inputs will shape BJP's 2024 election manifesto,” a BJP poster read.
Read More
- 25 Jan 2024 06:20 PM
Interim Budget 2024: Would like FM to look into GST reduction, export policy reforms: APL Apollo
Interim Budget 2024: The union budget is to be presented by the Finance Minister on 1st February. It will be an interim budget this time since the general elections are to be held in May this year. Though probabilities remain low on any spectacular announcements, nevertheless expectations of some adjustments does remain alive.
Read More
- 25 Jan 2024 05:41 PM
Cut deficit to 5.4% in FY25: Ind body to govt
Source: https://www.livemint.com/economy/cut-deficit-to-5-4-in-fy25-ind-body-to-govt-11706119216028.html
New Delhi: The government should stick to its fiscal deficit target of 5.9% in the current financial year and aim to narrow this to around 5.4% in FY25, a goal that would require boosting revenue receipts and rationalizing spending, industry lobby Confederation of Indian Industry (CII) said.
Read More
- 25 Jan 2024 05:47 PM
Budget 2024 Expectations LIVE Updates: ITR, GST, Online gaming player, healthcare and other sectors voice their wishlist
Budget 2024 Expectations Live Updates: With the forthcoming Budget 2024 in India generating heightened anticipation, a wide spectrum of sectors looks forward to the announcements and fiscal policies from FM Nirmala Sitharaman that will influence their unique domains. Ranging from agriculture, infrastructure, and healthcare to education, finance, and manufacturing, each sector harbors specific expectations regarding allocations and reforms. United in their fiscal agenda, these sectors express their collective aspirations for a budget that propels growth, fosters innovation, and enhances societal well-being.
Read More
- 25 Jan 2024 06:15 PM
Budget 2024 Expectations: From CTT to GST issue, here are long-pending demands of commodity market participants
Budget 2024 Expectations: The commodity markets have emerged as a robust exchange to manage the risk associated with the trading of commodities in India. However, the growth has slowed down since the Commodity Transaction Tax (CTT) was introduced in 2013. There is still a tremendous amount of unfinished agenda for the commodity markets. The interim budget 2024 could be a good beginning to address these long-pending issues.
Read More
- 24 Jan 2024 05:40 PM
Budget 2024 expectations: EV industry pins hopes on subsidy extension and GST reforms
As the Indian government gears up for the Interim Budget announcement in February, leaders in the electric vehicle (EV) industry are optimistic about crucial reforms that could further help the sector's growth. The statements from prominent figures in the industry shed light on their expectations and aspirations for a budget that addresses key issues and supports the EV landscape.
Read More
- 24 Jan 2024 05:47 PM
‘New GST rate has sent sector back by months’
Source: https://www.livemint.com/news/new-gst-rate-has-sent-sector-back-by-months-11706021190789.html
Mumbai: The gaming industry had an eventful 2023. First, the ministry of electronics and information technology (MeitY) emerged as its nodal ministry, offering a clear, designated channel for industry interaction. Then came a big setback with the sharp increase in GST rate. In an exclusive interview, Bhavin Pandya, co-founder and co-CEO of Games24x7, discussed the government’s apprehensions, the industry’s quest for regulations, repercussions of the tax rise, investor outlook, and the pathway for future growth amid perception hurdles. Edited excerpts:
Read More