- 11 Jul 2023 06:47 PM
- New
Improving revenue collection to figure in GST meet today
NEW DELHI : A string of changes to rules and procedures seeking to improve the efficiency of the goods and services tax system and to step up tax collections will be in focus at Tuesday’s GST Council meeting, according to a person informed about discussions between Central and state governments.
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- 11 Jul 2023 06:57 PM
- New
IBA seeks lower tax on fruit fizz drinks, sin goods delisting
New Delhi: Industry body Indian Beverage Association (IBA), which represents interests of the domestic beverage industry, has written to the government, seeking lower taxes on fruit-based fizzy drinks, as well as requesting the removal of such products from the “sin" goods category.
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- 11 Jul 2023 07:06 PM
- New
GST Council Meeting LIVE: 28% GST rate on full value of online gaming , horse racing, casinos; key highlights here
GST Council meeting: The 50th GST Council meeting will be held today (11 July) in New Delhi. Union Finance Minister Nirmala Sitharaman will chair the meeting wherein the Group of Ministers (GoM) are likely to discuss taxation on online gaming, casino, and horse racing. Besides online gaming, the Council is also expected to discuss and finalise the constitution of a GST Tribunal and its benches. The Council has been instrumental in deciding key issues related to the GST such as tax rates, exemptions, thresholds, and administrative procedures. So far, the Council has held 49 meetings and its decisions have had a significant impact on the GST implementation in India.
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- 11 Jul 2023 07:32 PM
50th GST Council meeting today: Here's what is expected to become cheaper and dearer
The 50th GST Council meeting: Items that may become cheaper include F&B inside cinema halls and medicines, while online gaming, casinos, and horse racing may become dearer. MUVs and XUVs may also become more expensive.
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- 11 Jul 2023 07:38 PM
Bringing GST under PMLA could lead to tax terrorism
On July 8 the Indian government amended provisions of the Prevention of Money Laundering Act (PMLA) to allow the Enforcement Directorate and the Financial Intelligence Unit to share information with the GST Network.
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- 10 Jul 2023 05:36 PM
GSTN geocodes 1.8 crore addresses of registered businesses
This geocoding would help in finding out the exact location of the registered entity and check bogus registrations.
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- 10 Jul 2023 05:39 PM
GST Council aims to close gold loophole
Shipping gold, precious stones above ₹2L may need e-way bills
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- 10 Jul 2023 05:42 PM
Government brings Goods & Services Tax Network under PMLA,
The government has brought the Goods and Services Tax Network (GSTN) under the Prevention of Money Laundering Act (PMLA).
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- 10 Jul 2023 05:46 PM
Centre allows data sharing between anti-money laundering authorities, GSTN
Finance ministry mandates information sharing between anti-money laundering authorities and GSTN for more effective measures against tax evasion.
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- 10 Jul 2023 05:49 PM
Here’s how India can turbocharge e-commerce exports
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
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