- 08 Jan 2024 05:46 PM
- New
Standard Chartered Ultimate Credit Card: Here are its features, eligibility, and more
Standard Chartered debuted its Ultimate credit card in September 2017, marking the pinnacle of the bank's card offerings to date. Tailored for individuals with substantial incomes seeking an opulent lifestyle, this card delivers unparalleled luxury without compromise. Positioned as a direct competitor to ICICI Bank's Sapphiro credit card and HDFC Bank's Infinia credit card Metal Edition, it initially comprised two variants: the Visa Infinite and Master Card World.
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- 08 Jan 2024 05:39 PM
- New
‘GST evasion of over ₹44,000 crore detected’
Source: https://www.livemint.com/economy/gst-evasion-of-over-44-000-crore-detected-11704648615922.html
New Delhi: Finance ministry said on Sunday that suspected tax evasion related to Goods and Services Tax (GST) credit of more than ₹44,000 crore has been detected since last May in a drive against non-existent tax payers.
The drive unearthed 29,273 bogus firms involved in the suspected tax credit evasion leading to arrest of 121 persons, the ministry said in a statement.
- 08 Jan 2024 05:35 PM
- New
Mint Primer: What the surprise manufacturing slowdown means
Source: https://www.livemint.com/economy/what-the-surprise-manufacturing-slowdown-means-11704645690648.html
What was surprising about the PMI data?
The manufacturing PMI for December came in at 54.9 as against 56 in November. It was also the lowest since October 2022 when the index fell to 55.3. A reading above 50 means expansion while that lower than 50 means contraction. This surprised many as the economy had just registered a strong 7.6% growth in the July-September quarter on the back of a 7.8% growth in the April-June quarter. The just-concluded festive season, if consumer goods companies are to be believed, has been good, with outstanding retail loans crossing ₹50 trillion for the first time in November last year.
- 08 Jan 2024 05:31 PM
Budget 2024: Skilled Online Games industry stresses for GST review ahead of vote-on-account
As the Indian government prepares for the impending Interim Budget 2024, leaders in the technology and gaming sectors are optimistic and anticipate potential advantages stemming from the forthcoming vote-on-account and the Interim Budget.
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- 05 Jan 2024 05:54 PM
Live Webinar on Input Tax Credit covering recent Circular and Judgments
Who are saying that for more than 5 years happened the Goods and Service Tax Act, 2017 introduced. It was new tomorrow, new today and also will be new in the future. GST and its amendments are continuous for us.
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- 05 Jan 2024 05:26 PM
Budget 2024: Real estate sector bats for GST revision, tax sops to boost affordable housing — here is a wishlist
As India eagerly awaits Finance Minister Nirmala Sitharaman's sixth Union Budget, to be presented in Parliament on February 1, 2024, the nation’s real estate sector, particularly the affordable housing segment, is poised in anticipation. To realise the government’s vision of ‘Housing for All,’ experts and industry leaders have shared their insights, proposing vital measures to boost the affordable housing landscape. The proposals include revisiting GST rates, tax deductions, land allocation, and fund boost. The upcoming budget is seen as an opportunity to fortify the real estate industry’s pivotal role in India’s economic development.
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- 05 Jan 2024 05:31 PM
Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act, cites 'wrong transition of CENVAT credit'
Vodafone Idea Limited on 4 January announced that it will take appropriate legal action for rectification and reversal of an order it received under the Central Goods and Services Tax Act, 2017, entailing a penalty of ₹10.76 crore.
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- 05 Jan 2024 05:39 PM
Data recap: GST, car sales, shipping cost
Source: https://www.livemint.com/economy/data-recap-gst-car-sales-shipping-cost-11704367376974.html
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. The Centre’s goods and services tax (GST) collections grew 10.3% year-on-year to ₹1.65 trillion in December. Meanwhile, the recent attacks on vessels in the Red Sea have led to a surge in shipping costs.
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- 05 Jan 2024 05:46 PM
Hat-trick on cards? Dividends from CPSEs may cross ₹50,000 crore this year too: Report
Dividends from central public sector enterprises (CPSEs) are likely to cross ₹50,000 crore during the current fiscal for the third year in a row. It has already exceeded the Budget Estimate (BE) during the current fiscal year, reported Business Line.
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- 05 Jan 2024 05:42 PM
Budget 2024: From GST reduction to expansion of Section 80 C, here's what the insurance sector is expecting
Ahead of the Lok Sabha elections, all eyes will be on the interim budget presented by Finance Minister Nirmala Sitharaman on February 1, 2024. Experts are of mixed opinion about whether the budget will be more inclined to populist measures or fiscal prudence.
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