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Nirmala Sitharaman

55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman

55th GST Council Meeting: No GST payable on penal charges levied & collected by banks & NBFCs from borrowers for non-compliance, says Nirmala Sitharaman

Sat, Dec 21, 2024

The GST Council has made a host of decisions concerning a variety of areas including certain snacks, electric vehicles (EVs) and construction materials. Finance and Corporate Affairs Minister Nirmala Sitharaman chaired the 55th meeting of the GST Council in Jaisalmer, Rajasthan. Here are some of the key takeaways from the 55th meeting of the GST Council.

GST Council postpones decision on slashing tax on life, health insurance

GST Council postpones decision on slashing tax on life, health insurance

Sat, Dec 21, 2024

The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, decided that some more technicalities needed to be ironed out and tasked the GoM for further deliberations.

GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred

GST Council Meeting: Packaged & labelled popcorn with added sugar to attract 18% rate, decision on insurance products deferred

Sat, Dec 21, 2024

Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired the 55th meeting of the GST Council in Jaisalmer, Rajasthan, on Saturday.

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Budget 2023: FM Nirmala Sitharaman to perform Halwa Ceremony today; know all about the ritual

Budget 2023: FM Nirmala Sitharaman to perform Halwa Ceremony today; know all about the ritual

Thu, Jan 26, 2023

Budget 2023: Along with the Union Finance Minister, the Halwa ceremony will be attended by the Union Ministers of State for Finance and Secretaries of the Ministry of Finance besides senior officials and members of the Union Budget Press.

Budget 2023: Human Resources sector expects roll out of labour codes, focus on formal job creation

Budget 2023: Human Resources sector expects roll out of labour codes, focus on formal job creation

Sun, Jan 22, 2023

Industry players are hoping that the ensuing budget will provide a much-needed boost to the HR sector that will help the industry to get back on track.

Money Guru: What Are The Expectations Of The Taxpayer From The Budget? Will There Be A Change In The Tax Slab? | Budget 2023

Money Guru: What Are The Expectations Of The Taxpayer From The Budget? Will There Be A Change In The Tax Slab? | Budget 2023

Fri, Jan 20, 2023

What are the expectations of the taxpayer from the budget? How tax burden of common man can be reduced? Will there be a change in the tax slab? Watch Money Guru to know experts opinion.

Budget 2023: Increase defense procurements from private players, industry urges government

Budget 2023: Increase defense procurements from private players, industry urges government

Thu, Jan 19, 2023

It is time to expedite procurement, ordering and budgeting process in the defense sector, President of Society of Indian Defense Manufacturers SP Shukla told Zee Business

Budget 2023: International Road Federation seeks removal of GST on helmets

Budget 2023: International Road Federation seeks removal of GST on helmets

Thu, Jan 19, 2023

India accounts for about 11 per cent of the road accident deaths worldwide and the two-wheeler riders, being most vulnerable, constitute almost 31.4 per cent of road accidental deaths primarily due to head injuries.

Budget 2023: CAIT seeks financial support policies for small traders

Budget 2023: CAIT seeks financial support policies for small traders

Thu, Jan 19, 2023

"Absence of a policy and a separate Ministry for Internal Trade is an ample testimony of the apathy towards the trading community," CAIT said in a communication sent to Union Finance Minister Nirmala Sitharaman on Thursday.

India 360: Will Union Budget 2023 Finally Fill The Gaps For Defence? Watch This Special Report

India 360: Will Union Budget 2023 Finally Fill The Gaps For Defence? Watch This Special Report

Wed, Jan 18, 2023

It is necessary to increase the allocation of the defence sector to meet the rising expenditure. Many challenges have arisen from Pakistan-China side. In such a situation, to deal with the challenges, the government's focus will be on increasing the allocation of the defence sector. This time the allocation of defence sector is expected to increase by 10%. Watch this special report on India 360.

India 360: Why Is There More Emphasis On Increasing Tax Exemption Under Section 80C? Watch This Special Report | Budget 2023

India 360: Why Is There More Emphasis On Increasing Tax Exemption Under Section 80C? Watch This Special Report | Budget 2023

Tue, Jan 17, 2023

Finance Minister Nirmala Sitharaman will present the budget in Parliament on February 1, 2023. In this, everyone's eyes will also be on increasing the 80C limit. In a survey by financial planning startup Kuvera, 2 out of 3 respondents demanded an increase in the 80C limit. In 2014, the 80C limit was raised to Rs 1.50 lakh. Now there has been a demand to increase the tax exemption of Rs 1.5 lakh to Rs 3 lakh under Section 80C. Why is there more emphasis on increasing tax exemption under section 80C? Watch this special report on India 360.

Budget 2023 Expectations: Food and beverage sector seeks restoration of input tax credit

Budget 2023 Expectations: Food and beverage sector seeks restoration of input tax credit

Tue, Jan 17, 2023

Non availability of input credit is the biggest loss for the F&B industry, Rajat Agrawal, Chief Executive Officer at Barista Coffee Company said adding that the absence of it is having a bearing on the balance sheet of the company

Budget 2023 expectation: Realty industry wants tax and policy related relaxations

Budget 2023 expectation: Realty industry wants tax and policy related relaxations

Tue, Jan 17, 2023

Realty industry wants the Budget to reflect upon the aspirations of developers who are still tiding over the turbulence caused by the pandemic.

Know the architects of Union Budget 2023-24

Know the architects of Union Budget 2023-24

Tue, Jan 17, 2023

Finance Minister Nirmala Sitharaman will present the Union Budget for 2023-24 on February 1.

Amendments to competition law likely in Budget session

Amendments to competition law likely in Budget session

Mon, Jan 16, 2023

Besides, discussions are going on with respect to amendments to the Insolvency and Bankruptcy Code (IBC) as well as the Companies Act, 2013.

Budget 2023: I belong to middle class, understand their pressures, says FM Nirmala Sitharaman

Budget 2023: I belong to middle class, understand their pressures, says FM Nirmala Sitharaman

Mon, Jan 16, 2023

Nirmala Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will raise the income tax limit and provide relief to the middle class taxpayers, besides others.

Budget 2023 Expectations: Gem, jewellery industry urges govt to abolish import duty on raw material for lab-grown diamonds

Budget 2023 Expectations: Gem, jewellery industry urges govt to abolish import duty on raw material for lab-grown diamonds

Sun, Jan 08, 2023

The industry also suggested the introduction of presumptive taxation on diamond sales at special notified zones and the introduction of the proposed DESH bill, which seeks to replace the existing law for special economic zones.

Budget 2023: Analysts believe govt likely to maintain growth path keeping fiscal deficit, inflation in check – Details!

Budget 2023: Analysts believe govt likely to maintain growth path keeping fiscal deficit, inflation in check – Details!

Sun, Jan 08, 2023

The upcoming Union Budget scheduled on February 01, 2023, will be the last full year budget from the Modi government ahead of the Lok Sabha elections due in early 2024.

Ahead of Budget 2023, Finance Minister explains why govt launched optional tax regime with 7 tax slabs – Details

Ahead of Budget 2023, Finance Minister explains why govt launched optional tax regime with 7 tax slabs – Details

Sat, Jan 07, 2023

Finance Minister was speaking at an event to launch the book 'Reform Nation', authored by Observer Research Foundation Vice President Gautam Chikarmane.

FM Nirmala Sitharaman discharged from AIIMS

FM Nirmala Sitharaman discharged from AIIMS

Thu, Dec 29, 2022

Sitharaman was admitted to the All India Institute of Medical Sciences (AIIMS) here on Monday morning with what was described as symptoms of viral fever.

Finance Minister Nirmala Sitharaman admitted to AIIMS in Delhi

Finance Minister Nirmala Sitharaman admitted to AIIMS in Delhi

Mon, Dec 26, 2022

The 63-year-old has been admitted in a private ward of the hospital. She was taken to the hospital around 12 noon.

CBIC chief Vivek Johri clarifies how much GST shall be imposed on online games – check details here!

CBIC chief Vivek Johri clarifies how much GST shall be imposed on online games – check details here!

Sun, Dec 18, 2022

The department would go by the view that 28 per cent GST is payable on full bet value put in by a player, and not net of margins.

Group of ministers submit GST report on online gaming, casinos to FM Nirmala Sitharaman

Group of ministers submit GST report on online gaming, casinos to FM Nirmala Sitharaman

Thu, Dec 15, 2022

The GoM, in its last meeting in November, had agreed on a 28 per cent GST on online gaming casinos and horse racing.

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