- 09 Jan 2024 06:07 PM
- New
Budget 2024-25: Three key expectations for the real estate sector
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
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- 09 Jan 2024 06:04 PM
- New
How small businesses can benefit from GST composition scheme
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 .
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- 09 Jan 2024 05:56 PM
- New
Vistara CEO Kannan hopes for cost reduction in the Budget 2024
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.
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- 09 Jan 2024 06:12 PM
GST Scrutiny & Assessment: Live Course with complete Practical Filing
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.
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- 08 Jan 2024 05:39 PM
‘GST evasion of over ₹44,000 crore detected’
Source: https://www.livemint.com/economy/gst-evasion-of-over-44-000-crore-detected-11704648615922.html
New Delhi: Finance ministry said on Sunday that suspected tax evasion related to Goods and Services Tax (GST) credit of more than ₹44,000 crore has been detected since last May in a drive against non-existent tax payers.
The drive unearthed 29,273 bogus firms involved in the suspected tax credit evasion leading to arrest of 121 persons, the ministry said in a statement.
- 08 Jan 2024 05:46 PM
Standard Chartered Ultimate Credit Card: Here are its features, eligibility, and more
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.
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- 08 Jan 2024 05:55 PM
Supreme Court issues notice to Centre on 28% GST for online gaming companies
NEW DELHI : The Supreme Court on Monday issued a notice to the government seeking a response to a plea filed by online gaming companies on tax demands adding up to ₹1.5 lakh crore. The court, however, did not issue a stay on the tax notices issued by the government.
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- 08 Jan 2024 06:03 PM
Discussion about Table 14 & Table 15 in GSTR-1: E-Commerce Reporting Simplified
Introduction: The introduction of GSTR-1 Tables 14 and 15 in January 2024 marks a transformative juncture in the Goods and Services Tax (GST) landscape. These tables, focusing on reporting e-commerce transactions, aim to enhance transparency and streamline compliance. In this article, we unravel the intricacies of Tables 14 and 15, exploring their purpose, reporting details, and the profound implications they carry for businesses and e-commerce platforms. As businesses navigate the complexities of these tables, a new era of accurate reporting, reconciliation, and simplified tax administration unfolds, promising a more efficient tax ecosystem under the GST regime.
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- 08 Jan 2024 05:53 PM
Multiple companies got GST notices this new year. Here's why…
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
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.
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