14 Aug 2023 06:09 PM
New

Mint Explainer: What GST data reveals about Indian businesses

Source: https://www.livemint.com/opinion/online-views/mint-explainer-what-gst-data-reveals-about-indian-businesses-11692006619717.html

Granular data available from Goods and Services Tax Network (GSTN) offers insights into the composition of businesses and their contribution to the exchequer. Mint takes a closer look at the trends.

14 Aug 2023 06:05 PM
New

Content creators' income from ‘X’ will be subjected to GST? Experts say…

Source: https://www.livemint.com/money/personal-finance/content-creators-income-from-x-will-be-subjected-to-18-per-cent-gst-experts-say-11691919208110.html

Elon musk had earlier in August announced that the subscribers of X Premium (Blue) will be eligible to receive their share in the ad revenue. The remuneration that individuals will receive from ‘X’, formerly known as Twitter, as part of its advertisement revenue are likely to be taxed 18% GST, experts have told news agency PTI.

12 Aug 2023 05:13 PM
New

Parliament clears 28% GST on online gaming, casinos

Source: https://www.livemint.com/news/india/parliament-clears-28-gst-on-online-gaming-casinos-11691774504014.html

New Delhi: The Parliament has approved the necessary legislative modifications for implementing the Goods and Services Tax (GST) Council’s proposal to levy a 28% tax on the full value of deposits made by individuals to online gaming platforms, casinos, and horse racing clubs.

12 Aug 2023 05:02 PM

Parliament clears 28% GST on online gaming, casinos, horse racing clubs

Source: https://www.livemint.com/economy/parliament-clears-28-gst-on-online-gaming-casinos-horse-racing-clubs-11691755175539.html

New Delhi: Parliament on Friday approved legislative changes required to implement the Goods and Services Tax (GST) Council's decision to ensure that 28% tax is paid on the full value of deposits made by players to online gaming platforms, horse racing clubs and to casinos from 1 October.

12 Aug 2023 05:22 PM

Mint Explainer: Why did India's industrial production fall in June?

Source: https://www.livemint.com/economy/mint-explainer-why-did-indias-industrial-production-fall-in-june-11691835277764.html

NEW DELHI: India's industrial production growth dipped to 3.7% in June, from 5.3% in May. Mint explains why.

12 Aug 2023 05:18 PM

Mint Explainer: What do GST law amendments say?

Source: https://www.livemint.com/economy/mint-explainer-what-do-gst-law-amendments-say-11691823243057.html

Summary
The Parliament has cleared amendments to GST laws to implement a 28% tax on online gaming, casinos

11 Aug 2023 05:34 PM

Main user allowed to grant access to IRNs generated by them to sub-user: NIC

Source: https://taxguru.in/goods-and-service-tax/main-user-allowed-grant-access-irns-generated-sub-user-nic.html

The National Informatics Centre has introduced a significant update in user management. Sub-users now have the capability to access e-Invoices generated by the main user. They can perform essential actions like viewing, canceling, and generating e-Waybills (EWB) for these invoices. The main user retains control over these permissions through the “Update Sub-user” option.

11 Aug 2023 05:51 PM

Impact of 28% GST on Online Gaming: Government’s Decision Explained

Source: https://taxguru.in/goods-and-service-tax/impact-28-percent-gst-online-gaming-explanation.html

Introduction: This article provides insights into the Indian Government’s decision to levy a 28% Goods and Services Tax (GST) on online gaming websites. It explains the motives behind the decision, its potential impact on the online gaming industry, the expected tax revenue, and whether any states opposed this decision in the GST Council.

11 Aug 2023 05:45 PM

No Plans to Lower Disability Percentage for GST Concessions

Source: https://taxguru.in/goods-and-service-tax/plans-lower-disability-percentage-gst-concessions.html

Introduction: This article presents the Indian Government’s response to a query regarding the issuance of GST concession certificates to disabled individuals. It provides information about the number of beneficiaries across states, considerations for reducing the percentage of disability for availing concessions, and the government’s stance on the matter.

11 Aug 2023 05:42 PM

GST Rate on Millets and Health Mix Products: Government’s Response

Source: https://taxguru.in/goods-and-service-tax/gst-rate-millets-health-mix-products-indian-government.html

Introduction: This article presents the Indian Government’s response to a query about the consideration of reducing the Goods and Services Tax (GST) rate on millet-based health mix products and ready-to-eat millet products. It explains the government’s stance and the steps taken by the GST Council in this regard.