18 Jan 2024 05:47 PM
New

Budget 2024: Small Businesses Want More Jobs, Regulation Of E-Commerce & Reduction In GST Compliance

Source: https://www.livemint.com/industry/budget-2024-brew-alcobev-players-pitch-for-uniform-tax-excise-duty-cuts-ena-price-relief-input-tax-credit-hold-key-11705561980636.html

As India is getting ready for the annual budget announcement, the alcoholic beverage industry is brimming with expectations and anxieties. From calls for a unified tax structure to pleas for export incentives, industry leaders have laid out their wish list for Finance Minister Nirmala Sitharaman.

17 Jan 2024 06:23 PM
New

Million electric bus plan nears gates of PMO

Source: https://www.livemint.com/news/india/million-electric-bus-plan-nears-gates-of-pmo-11705429414710.html

The Prime Minister’s Office (PMO) will take the final decision on a plan to replace a million diesel-run buses on Indian roads with electric options over the next decade through subsidies and other regulatory interventions, people aware of the matter said.

15 Jan 2024 05:19 PM
New

Budget 2024: NRAI calls for reforms in restaurant industry

Source: https://www.livemint.com/industry/budget-2024-nrai-calls-for-reforms-in-restaurant-industry-11705311996647.html

New Delhi: The National Restaurant Association of India (NRAI) has called for key reforms aimed at a comprehensive overhaul of the restaurant industry.

12 Jan 2024 05:26 PM

In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore

Source: https://taxguru.in/goods-and-service-tax/2023-dggi-detected-6323-cases-involving-evasion-duty-rs-198324-crore.html

Introduction: The Directorate General of GST Intelligence (DGGI) played a pivotal role in combating GST evasion in the year 2023. This article delves into the agency’s remarkable performance, highlighting key achievements, special initiatives, and the impact on sectors prone to non-compliance.

12 Jan 2024 05:18 PM

Credible India: There's much for us to talk about at Davos 2024

Source: https://www.livemint.com/opinion/online-views/credible-india-theres-much-for-us-to-talk-about-at-davos-2024-11704988630185.html

As we step into the new year, the World Economic Forum (WEF) Annual Meeting offers corporate leaders, policymakers and other stakeholders a chance to assess the year gone by and take stock of challenges and opportunities, extending to geopolitical developments, climate exigencies and economic hurdles. India has long had a significant presence at Davos and Indian industry has put together a formidable agenda aligned with the WEF’s theme of ‘Rebuilding Trust’ this year. India’s participation, led by Smriti Irani, minister of women and child development, includes many government dignitaries, while the Confederation of Indian Industry (CII) coordinates the business agenda. As this year’s theme, we are focusing on ‘Credible India.’

12 Jan 2024 05:32 PM

GST Council Newsletter for the month of December 2023

Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-december-2023.html

Welcome to the latest edition of the GST Council Newsletter, providing a comprehensive overview of key developments in the Goods and Services Tax (GST) landscape for December 2023. This issue highlights significant achievements, policy updates, and enforcement measures undertaken by the GST Council and associated authorities. From robust revenue collections to pivotal legal insights, this newsletter aims to keep you informed about the dynamic and evolving landscape of GST in India. Join us as we delve into the crucial updates shaping the taxation framework, fostering compliance, and driving economic growth.

11 Jan 2024 06:19 PM

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.

11 Jan 2024 06:15 PM

Budget 2024: Coworking sector seeks lower GST, infra boost, tax incentives from Finance Minister

Source: https://www.livemint.com/budget/expectations/budget-2024-coworking-sector-seeks-lower-gst-infra-boost-tax-incentives-from-finance-minister-11704954907960.html

The coworking industry has been gaining momentum with rising demand on the back of its cost-effective pricing alternatives and flexible work environment. Notably, major enterprises and corporations have shifted their focus to coworking spaces, aligning with the adoption of the hybrid work model to cater to their organizational needs.

11 Jan 2024 06:11 PM

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

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.