10 Jul 2023 05:52 PM
New

Lobby group urges GST Council to cut in-cinema F&B tax

Source: https://www.livemint.com/industry/media/gst-council-to-discuss-proposal-to-reduce-taxes-on-f-b-in-cinema-halls-from-18-to-5-says-mai-11688924434537.html

Lower taxes are expected to make cinema visits more affordable and boost revenue for theatre owners

10 Jul 2023 05:49 PM
New

Here’s how India can turbocharge e-commerce exports

Source: https://www.livemint.com/opinion/online-views/heres-how-india-can-turbocharge-e-commerce-exports-11688901248270.html

The Foreign Trade Policy (FTP) 2023, unveiled in April, gave special attention to the needs of the booming sector, but the government needs to do more to improve the ease of doing business, especially for tiny companies

10 Jul 2023 05:46 PM
New

Centre allows data sharing between anti-money laundering authorities, GSTN

Source: https://www.livemint.com/news/india/centre-allows-data-sharing-between-anti-money-laundering-authorities-gstn-11688890987517.html

Finance ministry mandates information sharing between anti-money laundering authorities and GSTN for more effective measures against tax evasion.

10 Jul 2023 05:42 PM

Government brings Goods & Services Tax Network under PMLA,

Source: https://www.livemint.com/news/india/government-brings-goods-services-tax-network-gstn-under-prevention-of-money-laundering-act-pmla-11688833907204.html

The government has brought the Goods and Services Tax Network (GSTN) under the Prevention of Money Laundering Act (PMLA).

10 Jul 2023 05:39 PM

GST Council aims to close gold loophole

Source: https://www.livemint.com/news/india/gst-council-to-finalize-rules-for-transporting-gold-and-precious-stones-worth-2-lakh-or-more-to-prevent-tax-leakages-11688752033351.html

Shipping gold, precious stones above ₹2L may need e-way bills

10 Jul 2023 05:36 PM

GSTN geocodes 1.8 crore addresses of registered businesses

Source: https://www.livemint.com/news/india/gstn-geocodes-1-8-crore-addresses-of-registered-businesses-11688746089836.html

This geocoding would help in finding out the exact location of the registered entity and check bogus registrations.

07 Jul 2023 05:46 PM

GST fraud worth ₹15,000 crore: Leading food delivery service among entities under scanner: Report

Source: https://www.livemint.com/economy/gst-fraud-worth-rs-15-000-crore-leading-food-delivery-service-among-entities-under-scanner-report-11688704508547.html

The Central Board of Indirect Taxes and Customs (CBIC) has discovered that nearly 25% of entities registered with the GSTN do not exist or have disappeared.

07 Jul 2023 05:38 PM

Goods transit strong despite June decline

Source: https://www.livemint.com/economy/goods-transit-strong-despite-june-decline-11688663742387.html

Data from Goods and Services Tax Network which processes GST returns, showed that 56 million permits were raised for intra-state movement and 30 million permits for inter-state goods movement in June, against 56.7 million intra-state and 31.5 million inter-state e-way bills raised in May.

07 Jul 2023 05:41 PM

GST Council to weigh tax cuts on select items

Source: https://www.livemint.com/economy/gst-council-to-weigh-tax-cuts-on-select-items-11688667034370.html

A committee of officers that reviews proposals for tax rate changes, called the fitment committee, has recommended lowering the GST rates on unfried snack pellets to 5% from 18%

06 Jul 2023 05:31 PM

More GST related data may be made public: GSTN

Source: https://www.livemint.com/news/india/more-gst-related-data-may-be-made-public-gstn-11688573307715.html

A committee is deliberating on placing more data in the public domain which will provide more insights on geography and industry specific information based on GST data