11 Jan 2024 06:11 PM
New

Budget 2024: Green energy sector pitches for GST cut, easier FDI norms. Here is the wishlist

Source: https://www.livemint.com/budget/expectations/budget-2024-green-energy-sector-pitches-for-gst-cut-easier-fdi-norms-here-is-the-wishlist-11704883054240.html

Union Budget 2024: With India’s ambitious clean energy targets reaching a fever pitch, all eyes of the renewable energy sector are set on the upcoming Union Budget 2024. Seen as a pivotal instrument in propelling the nation’s green agenda, the Budget holds the key to unlocking investments, streamlining policies, and accelerating the transition towards sustainable practices.

11 Jan 2024 06:23 PM
New

E-Way Bill Changes: Mandatory e-Invoice Link from March 2024 – Advisory Withdrawn

Source: https://taxguru.in/goods-and-service-tax/e-way-bill-changes-mandatory-e-invoice-link-march-2024.html

Further Update on 10th January 2024: Advisory on Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn.

5th January 2024: Blocking the generation of E-Way Bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers will be done from 1st March 2024.

11 Jan 2024 06:19 PM
New

GST authorities drop plans to enforce stricter e-way bill norms

Source: https://www.livemint.com/news/india/gst-authorities-drop-plans-to-enforce-stricter-e-way-bill-norms-11704960609265.html

New Delhi: Goods and Services Tax (GST) authorities have dropped a plan to block generation of goods transportation permits, or e-way bills, from 1 March for companies that fail to produce 'e-invoices' for their wholesale transactions through designated portals. These portals aid in more accurate data capturing across various tax forms using a standardized invoice.

09 Jan 2024 05:56 PM

Vistara CEO Kannan hopes for cost reduction in the Budget 2024

Source: https://www.livemint.com/companies/people/vistara-ceo-kannan-hopes-for-cost-reduction-in-the-budget-11704731274584.html

New Delhi: The airline industry expects the government to announce measures that imp-rove the operating climate for airline companies in India through measures that reduce cost of operations for the airline, Vistara CEO Vinod Kannan said Monday.

09 Jan 2024 06:04 PM

How small businesses can benefit from GST composition scheme

Source: https://www.livemint.com/money/personal-finance/how-small-businesses-can-benefit-from-gst-composition-scheme-11704733578253.html

It’s been more than six years now since the Union government introduced the goods and services tax, or GST, but many businesses continue to grapple with its implementation, particularly because of the different rates of taxes and the number of compliances. But, for many small businesses, remedy is at hand: the composition scheme helps alleviate their hardships .

09 Jan 2024 06:12 PM

GST Scrutiny & Assessment: Live Course with complete Practical Filing

Source: https://taxguru.in/goods-and-service-tax/gst-scrutiny-assessmentlive-complete-practical-filing.html#google_vignette

Ready to navigate the intricate world of GST scrutiny and assessment with confidence? Enroll in our exclusive live course designed for professionals, tax practitioners, and business owners seeking expertise in dealing with GST audits, scrutiny, and assessments. In this course will cover the complete practical discussion on Assessment & Scrutiny under GST with Practical filing of various applicable forms. Will Also discuss various parameters regarding GST Assessment in a very unique way.

09 Jan 2024 06:07 PM

Budget 2024-25: Three key expectations for the real estate sector

Source: https://www.livemint.com/budget/expectations/budget-2024-25-three-key-expectations-for-the-real-estate-sector-11704790277584.html

The Indian real estate peaked in 2023. Industry experts believe that the bullish sentiments in the market will further continue in 2024 backed by a healthy macroeconomic outlook, stable lending rates, and an upbeat job market. Finance Minister Nirmala Sitharaman presents the Interim Union Budget 2024 on February 1

08 Jan 2024 05:53 PM

Multiple companies got GST notices this new year. Here's why…

Source: https://www.livemint.com/companies/news/multiple-companies-got-gst-notices-this-new-year-heres-why-11704695183786.html

Come the new year, multiple large companies have received gifts from the Goods and Services Tax (GST) department in the form of demand notices.

Among these, the Life Insurance Corporation of India (LIC) alone was slapped with notice for around ₹806 crore on January 1. The next day, Hindustan Unilever was sent a GST demand of ₹447.5 crore. Similarly, a series of notices to Asian Paints, Eicher Motors, ICICI Prudential, and Nestle India, with regards to pending GST dues and penalties for FY19 and FY20, have rattled corporate India.

08 Jan 2024 05:49 PM

GST authorities issue demand notices worth ₹1.45 lakh crore in December for FY18: Report

Source: https://www.livemint.com/economy/gst-authorities-issue-demand-notices-worth-rs-1-45-lakh-crore-in-december-for-fy18-report-11704686974945.html

Goods and services tax (GST) authorities issued demand notices totaling ₹1.45 lakh crore to around 1,500 businesses in December, a report said. The notices were sent due to inconsistencies in annual returns and input tax credit claims for the financial year 2018, according to officials.

08 Jan 2024 05:46 PM

Standard Chartered Ultimate Credit Card: Here are its features, eligibility, and more

Source: https://www.livemint.com/money/personal-finance/standard-chartered-ultimate-credit-card-here-are-its-features-eligibility-and-more-11703743671911.html

Standard Chartered debuted its Ultimate credit card in September 2017, marking the pinnacle of the bank's card offerings to date. Tailored for individuals with substantial incomes seeking an opulent lifestyle, this card delivers unparalleled luxury without compromise. Positioned as a direct competitor to ICICI Bank's Sapphiro credit card and HDFC Bank's Infinia credit card Metal Edition, it initially comprised two variants: the Visa Infinite and Master Card World.