- 01 Jul 2024 06:39 PM
- New
Zomato gets ₹9.45 crore GST notice, plans to appeal against tax order
The tax regulator of Karnataka has demanded a GST of ₹5,01,95,462 ( ₹5.01 crore), which will be marked up with an interest charge of ₹3.93 crore, and a penalty of ₹50.19 lakh, bringing the total up to ₹9.45 crore, according to the filing.
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- 01 Jul 2024 06:36 PM
- New
Seven years of GST: Its adoption has been a remarkable success
On 1 July 2017, when the Goods and Services Tax (GST) was implemented in India, one could not have guessed the size of monthly gross collections seven years ahead. May 2024 reported gross collections of ₹1.73 trillion.
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- 29 Jun 2024 05:57 PM
- New
Budget 2024: Real-estate sector hopes for high rebates, GST rate reductions, and other reforms | Check wishlist here
As Union Finance Minister Nirmala Sitharaman is all set to table the Budget 2024-25 in the third week of July, India's real estate sector hopes for a series of reforms and incentives that can drive growth and address longstanding challenges. Expectations range from increased rebates on home loan interest rates, GST rate reductions, single-window clearance systems, reduced property prices, and promoting off-centre locations.
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- 28 Jun 2024 06:08 PM
GST Council to decide on waiving disputed tax liabilities under new provision
New Delhi: The goods and services tax (GST) council will take decisions on waiving disputed tax liabilities of certain industries based on a new provision that the federal indirect tax body inserted in tax laws at its meeting last Saturday, according to two persons with knowledge of the matter.
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- 27 Jun 2024 06:40 PM
Seven years on, GST still sparks Centre-state friction
New Delhi: July will mark the seven-year anniversary of the introduction of the goods and services tax (GST), one of the biggest economic reforms in India since 1991. GST brought the taxation of goods and services under a single umbrella, replacing a range of state and central taxes, many of which had been in place for decades. The aim was to create a single common market, where sellers and buyers didn’t have to worry about paying a state tax here and a municipal tax there.
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- 27 Jun 2024 06:43 PM
How Budget can unlock potentials in non-life insurance
The Indian insurance industry's growth trajectory aligns with India's aspirations, with Swiss Re, a reinsurance company, projecting it as the fastest-growing among G20 countries between 2024 and 2028. However, there is still much ground to cover.
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- 27 Jun 2024 06:48 PM
Budget 2024: Affordable loans, investment in research & digital infra—education sector's wish list for FM Sitharaman
The Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2024-25 in July. Several stakeholders from the education sector voiced their expectations from Finance Minister Nirmala Sitharaman.
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- 26 Jun 2024 06:18 PM
Budget 2024: Expectations for tax sops under old regime run high
The finance ministry introduced a new tax regime in the financial year 2020-21 with lower tax rates in exchange for most major tax deductions and exemptions available under the old regime.
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- 26 Jun 2024 06:11 PM
Businesses in Tamil Nadu, Uttar Pradesh, Maharashtra lead in GST return filing
While UP and Tamil Nadu file more returns than Maharashtra on a monthly basis, in the last month of every quarter, when smaller businesses with annual sales of up to ₹1.5 crore also file returns, Maharashtra has an edge
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- 26 Jun 2024 06:14 PM
Positive on GDP growth, working to bring inflation under control: RBI Governor Shaktikanta Das
India is at the threshold of a major structural shift in its growth trajectory moving towards 8% GDP growth in a sustained manner. We are moving towards an annual growth rate of 8%, said RBI Governor Shaktikanta Das.
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