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good and services tax

The government will continue on the path to fiscal consolidation in FY25: SBI CAPS

The government will continue on the path to fiscal consolidation in FY25: SBI CAPS

Wed, Jul 10, 2024

A recent report by the State Bank of India (SBICAPS) titled "Indian Economy: Maintaining momentum on a deteriorating Global Pitch" says that boosted by the momentum seen in advance tax collections, slim treasury bill borrowings calendar and record RBI dividend, the government will continue on the path to fiscal consolidation in FY25.

Finance Ministry notifies October 1 date for implementing amended GST law provisions for e-gaming

Finance Ministry notifies October 1 date for implementing amended GST law provisions for e-gaming

Sat, Sep 30, 2023

According to the changes to the Central GST Act, these supplies will henceforth be treated as "actionable claims" similar to lottery, betting and gambling and subject to 28 per cent Goods and Services Tax (GST) on full face value of bets.

Online gaming industry fine with 28% GST on gross gaming revenue not on entry amount

Online gaming industry fine with 28% GST on gross gaming revenue not on entry amount

Thu, Dec 08, 2022

The GST Council is expected to meet on December 17, 2022, in a virtual format and the panel headed by the Finance Minister may take up agenda related to Casino, Race Course and Online Gaming industry.

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Slow GST portal: September returns filing due date may be extended

Slow GST portal: September returns filing due date may be extended

Fri, Oct 21, 2022

In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said it has received "an Incident Report" from GSTN regarding slowness in the system along with a proposal for extending the due date.

GST council clears proposal to remove tax exemptions on some items

GST council clears proposal to remove tax exemptions on some items

Tue, Jun 28, 2022

The Council, chaired by Finance Minister Nirmala Sitharaman and comprising state counterparts, also cleared a host of compliance procedures for GST-registered businesses along with a GoM report on high-risk tax payers to check evasion.

Survival of bidi industry at stake, urgent need for slashing tax: Stakeholders

Survival of bidi industry at stake, urgent need for slashing tax: Stakeholders

Wed, Feb 23, 2022

Representatives of the bidi industry and labour organisations have called for an immediate reduction of tax on the indigenous smoke, contending that high taxes threatened the survival of the sector.

One year of GST: How these honchos benefitted; explained, in their own words

One year of GST: How these honchos benefitted; explained, in their own words

Tue, Jul 03, 2018

One year of GST: It has been one year of GST already and there have been no firestorms to battle so far. Glitches were there, but these have been fixed. Now, the country is awaiting the new tax regime to open up its explosive potential that has been much talked about.

One year of GST: Tamil Nadu govt all praise, calls it "transparent and self-policing tax regime"

One year of GST: Tamil Nadu govt all praise, calls it "transparent and self-policing tax regime"

Fri, Jun 29, 2018

Ahead of the first anniversary celebrations of Goods and Services Tax (GST), the new regime came in for praise from the Tamil Nadu government in the assembly, with a minister hailing it as a "transparent and self-policing tax regime."

Cash source of black money generation: Piyush Goyal

Cash source of black money generation: Piyush Goyal

Sat, Feb 25, 2017

Declaring that he felt disappointed about the happenings in the chartered accountant profession that he himself was earlier part of, Goyal reminded the gathering about what Finance Minister Arun Jaitley had said on the aim of demonetisation.

Lower tax rates possible when all pays dues: Goyal

Lower tax rates possible when all pays dues: Goyal

Sat, Feb 25, 2017

"I wonder what revenue neutral rate it would be, if we will put every thing in zero or low rates. Do we have to make profit at the cost of the nation," the minister said.

Reserve Bank of India may consider a rate cut in first half of 2017: DBS

Reserve Bank of India may consider a rate cut in first half of 2017: DBS

Tue, Jan 17, 2017

The Reserve Bank of India (RBI) is expected to go for a rate cut in the first half of this year, largely owing to 'below estimate' inflation, says a DBS report. Rising prices of petrol and diesel fuelled Wholesale Price Index (WPI) inflation to 3.39% in December 2016.

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