- 15 Jul 2023 04:47 PM
- New
Online gaming companies urge govt to reduce taxes
The industry said the new tax could hinder the Digital India Initiative and prime minister's vision, potentially leading to an increase in black market activities and criminal offences
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- 15 Jul 2023 04:44 PM
- New
Taxman eyes biometrics, special devices to check GST regn fraud
The scheme will authenticate the applicant with Aadhaar and biometrics using special devices, Central Board of Indirect Taxes and Customs (CBIC) chairperson Vivek Johri said
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- 15 Jul 2023 04:41 PM
- New
Dark clouds and a silver lining: In search of the Indian Dream
Dear Readers,
Here's the best of our journalism from this week, organised into our top 5 themes:
- 14 Jul 2023 05:44 PM
Compensation cess: How it affects your utility vehicle buying plans
Source: https://www.livemint.com/auto-news/compensation-cess-and-your-uv-buying-plans-11689271331662.html
If you are planning to buy an SUV (sport utility vehicle) or MUV (multi-utility vehicle) the GST Council’s decision to change the definition of UVs that attract a compensation cess of 22% may have implications. Mint explains the changes and the impact on buyers.
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- 14 Jul 2023 05:50 PM
Data recap: Poverty report, gaming tax, inflation
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. North India has been battered by rains this week. The revised indirect tax rules on online gaming are likely to choke the industry. Retail inflation rose more than expected in June. A new global poverty report indicated some cheer for India.
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- 14 Jul 2023 05:52 PM
Big traders exit gaming stock Delta Corp as GST rates rise
Six out of seven clients closed their large derivatives positions in Delta Corp. after the Indian GST Council raised GST rates on gaming and casinos.
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- 14 Jul 2023 05:55 PM
Govt may seek cut in ghee, butter GST
Source: https://www.livemint.com/economy/govt-may-seek-cut-in-ghee-butter-gst-11689274913933.html
NEW DELHI : The government may propose reducing goods and services tax (GST) on ghee and butter to 5% from the current 12%, according to government documents reviewed by Mint.
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- 14 Jul 2023 06:01 PM
PVR Inox share price may see 40% upside on improved revenue outlook; here's why
In response to goods and services tax - GST Council modification on food and beverages (F&B) taxes, domestic brokerage Nuvama Institutional Equities stated in its research report that the route forward for PVR Inox seems sentimentally favourable due to two main factors, that is council decreasing GST on F&B (from 18% to 5%) at cinema halls - P&L is unaffected, but the GST dispute's hangover is removed. Second, there are several films scheduled for release.
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- 14 Jul 2023 06:04 PM
Govt plans 100 mt coal gasification by 2030, draws ₹6,000 crore scheme
A comprehensive scheme amounting to ₹6,000 crore is under consideration to promote coal and lignite gasification projects for both government PSUs and the private sector
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- 14 Jul 2023 05:58 PM
Recovery of tax dues from gaming firms after SC order: CBIC chairman
NEW DELHI : Goods and services tax (GST) authorities will attempt to recover the tax demands made to a few online gaming platforms, including Gameskraft Technologies Pvt. Ltd only after the Supreme Court (SC) gives its final verdict on the tax dispute, Central Board of Indirect Taxes and Customs (CBIC) chairperson Vivek Johri said in an interview.
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