16 Jun 2023 05:27 PM
New

GST intelligence officers unearth 461 fake companies in ₹863 crore ITC fraud, 2 arrested

Source: https://www.livemint.com/news/india/gst-intelligence-officers-unearth-461-fake-companies-in-rs-863-crore-itc-fraud-2-arrested-11686877951624.html

The Gurugram Zonal Unit of the Directorate General of GST Intelligence has uncovered a major fraud involving 461 shell and fake entities passing on fraudulent Input Tax Credit of INR 863 crore.

14 Jun 2023 05:28 PM
New

Maharashtra, Gujarat, TN top in goods shipments

Source: https://www.livemint.com/economy/maharashtra-gujarat-tn-top-in-goods-shipments-11686682110502.html

NEW DELHI : Maharashtra, Gujarat, and Tamil Nadu lead in terms of the value of goods shipped within their respective states and those traded with the rest of the country, indicating their economic might, according to data on e-way bills from GSTN.

14 Jun 2023 05:22 PM
New

Corporate tax cut hasn’t pushed up private investment

Source: https://www.livemint.com/opinion/columns/corporate-tax-cut-hasn-t-pushed-up-private-investment-11686677473817.html

On 31 May, the Controller General of Accounts released the annual data for the accounts of India’s central government. As per this, in 2022-23, the government had collected corporate tax of ₹8.26 trillion, amounting to 3.03% of gross domestic product (GDP). The GDP is a measure of the economic size of a country during a given year.

13 Jun 2023 05:39 PM

Mandatory 2-Factor Authentication for Taxpayers with AATO above 100cr

Source: https://taxguru.in/goods-and-service-tax/2-factor-authentication-taxpayers-aato-above-100cr.html

2 Factor Authentication for e-Way Bill and e-Invoice System will be made mandatory from 15/07/2023 for all the taxpayers with AATO above 100cr.

13 Jun 2023 05:28 PM

RTI reveals 54.57% GST Registration Applications rejected by Department

Source: https://taxguru.in/goods-and-service-tax/rti-reveals-54-57-gst-registration-applications-rejected-department.html

This article presents a detailed analysis of Goods and Services Tax (GST) Registration applications across multiple zones in India, providing insights into the rejection rates and the reasons behind them.

07 Jun 2023 05:26 PM

FlyBlade India introduces helicopter service for Tirupati

Source: https://www.livemint.com/companies/news/flyblade-india-introduces-helicopter-service-for-tirupati-11686058669381.html

NEW DELHI : FlyBlade India, a joint venture between Hunch Ventures and Blade Air Mobility Inc., has introduced same-day return helicopter services from Bengaluru for pilgrims visiting Tirumala Tirupati.

07 Jun 2023 05:37 PM

An Expenditure Council could help promote fiscal prudence

Source: https://www.livemint.com/opinion/columns/an-expenditure-council-could-help-promote-fiscal-prudence-11686073688771.html

The debate on governmental ‘freebies’—offering goods and services free of cost or at heavily subsidized rates even to the people who might not need them—has its roots in the issue of countries’ wasteful expenditure, which is a subtle yet potent deterrent of economic growth. Such spending may bring short-term benefits, but eventually, it risks upsetting fiscal balance, outcompeting productive investments, and amplifying income inequality. This issue draws an uncanny resemblance to the timeless wisdom imparted by Adam Smith in The Wealth of Nations, where he emphasized the judicious use of resources as an essential element of national wealth. Any deviation from this principle invites inefficiencies and can even instigate an economic downturn.

06 Jun 2023 05:09 PM

TCS to HCL Tech: Why you should buy IT stocks before RBI MPC meeting outcome

Source: https://www.livemint.com/market/stock-market-news/tcs-to-hcl-tech-why-you-should-buy-it-stocks-before-rbi-mpc-meeting-outcome-11686033122016.html

Stocks to buy today: Experts have recommended TCS, Birlasoft, LTIMindtree, HCL Tech and Infosys shares for long term investors

06 Jun 2023 05:21 PM

Day trading guide for today: Six buy or sell stocks for Tuesday — June 6

Source: https://www.livemint.com/market/stock-market-news/day-trading-guide-for-today-six-buy-or-sell-stocks-for-tuesday-june-6-11686016682786.html

Day trading guide for today: Following strong global market sentiments, Indian stocks ended higher for second straight session. However, key benchmark indices remained range-bound as investors were cautious ahead of the three days Reserve Bank of India or RBI MPC meeting (Monetary Policy Committee meeting), which is going to begin today. 50-stock index Nifty ended 59 points higher at 18,593 while 30-stock index BSE Sensex finished 240 points up at 62,787 levels. Bank Nifty index gained 1163 points and closed at 44,101 mark. In broad market, mid-cap index gained 0.29 per cent whereas small-cap index surged 0.51 per cent on Monday.

05 Jun 2023 05:38 PM

How to tweak your stock portfolio ahead of RBI MPC meeting — explained

Source: https://www.livemint.com/market/stock-market-news/how-to-tweak-your-stock-portfolio-ahead-of-rbi-mpc-meeting-explained-11685944457862.html

Stock market investors and observers are eagerly awaiting for the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) meeting, which is scheduled from 6th to 8th June 2023. Amid US Fed's rate hike jitters aiding US dollar to climb and sustain at two months high, the RBI MPC meeting outcome would be highly important for both FIIs and DIIs as it would give more clear picture about the Indian economy in medium to long term perspective.