- 18 Oct 2023 06:18 PM
- New
MNCs sent tax notices over expat employees' allowances from foreign parent companies
Multinational corporations (MNCs) operating in India are facing tax demands from goods and services tax (GST) authorities, affecting approximately 1,000 foreign subsidiaries, Business Standard reported quoting sources. The tax demands, issued in recent weeks, pertain to an 18 percent tax on salaries and allowances paid to foreign expats by their overseas parent companies, it added.
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- 18 Oct 2023 06:09 PM
- New
States' capital spending to surge 29% in FY24: Icra
New Delhi: Capital spending by 13 state governments, who have availed the center's interest free loans, is set to rise an estimatd 29% on a year-on-year (YoY) to ₹6.2 trillion in FY24, rating agency Icra Ltd. said on Tuesday.
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- 18 Oct 2023 06:15 PM
- New
Financial services secy meets private insurers, discusses key issues
The meeting discussed the concerns of the insurance industry regarding GST demand
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- 18 Oct 2023 06:24 PM
Latest Amendments to GST Rules: Key Updates September 2023
Source: https://taxguru.in/goods-and-service-tax/latest-amendments-gst-rules-key-updates-september-2023.html
Introduction: In 2023, significant amendments were introduced to the Central Goods and Services Tax (GST) Rules, bringing about important changes and clarifications in the GST framework. These changes were aimed at streamlining the taxation system and enhancing compliance while aligning with the decisions of the GST Council. In this article, we will delve into the key updates resulting from these amendments.
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- 17 Oct 2023 05:17 PM
Goa (Recovery of Arrears of Tax, Interest, Penalty, Other Dues through Settlement) Act, 2023
Goa (Recovery of Arrears of Tax, Interest, Penalty, Other Dues through Settlement) Act, 2023
The Goa (Recovery of Arrears of Tax, Interest, Penalty, Other Dues through Settlement) Act, 2023 (Goa Act 34 of 2023) (hereinafter referred to as the “GRATIPOS Act”) has been notified vide Notification No. 7/30/2023-LA dated 08/09/2023 published in Official Gazette, Extraordinary No. 3, Series I dated 08/09/2023.
- 17 Oct 2023 05:08 PM
Dabur gets GST demand notice of ₹320.6 crore
FMCG major Dabur has received a Goods and Service Tax (GST) demand notice of ₹320.6 crore, a regulatory filing stated on October 17, adding that the company is reviewing the intimation and evaluating the next steps in this matter.
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- 16 Oct 2023 06:16 PM
Foreign giants on notice: Govt expects ₹2,000 crore revenue surge from GST compliance
The Goods and Services Tax (GST) authorities have sent notices to a bunch of foreign companies such as Facebook, Google, Netflix and Spotify, to ensure compliance with new GST regualtions, Business Standard reported.
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- 16 Oct 2023 06:05 PM
Delta Corp shares hit 52-week low as company's subsidiary receives GST notice; stock down 30% in less than a month
Stock market today: Delta Corp shares fell 10 percent on Monday after the company's subsidiary, Deltatech Gaming Limited, received a Goods and Services Tax (GST) notice for payment of ₹6,384 crore owing to tax shortfall. The stock hit a 52-week low of ₹126 apiece.
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- 16 Oct 2023 06:09 PM
Life insurance firms consider 30% cap on commissions for credit life policies
Life insurance companies are on the verge of reaching an agreement to enforce a 30 percent cap on commissions paid to corporate agencies, including banks and non-banking financial companies (NBFCs), for credit life policies, as per reports.
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- 14 Oct 2023 05:26 PM
Delta Corp gets another GST shortfall notice of ₹6,384 crore
Delta Corp has received fresh notices of alleged shortfall in the payment of Goods and Services Tax (GST) to the tune of ₹6,384 crore, as per a regulatory filing made by the casino chain operator on October 14.
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