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The GST Council decided to clarify levy of 28 per cent GST on online gaming platforms New Delhi: As states like Delhi and Goa raised the issue of tax demand on online gaming companies and casinos retrospectively, Revenue Secretary Sanjay Malhotra on Saturday reiterated that 28 per cent GST was levied on online gaming and…
Read More “28% GST Already Applied On Online Gaming, Casinos, Not Retrospective: Centre” »
5 per cent GST on millet-based flour when sold in pre-packaged and labelled form New Delhi: The GST Council on Saturday decided to levy a lower 5 per cent tax on millet-based flour when sold in pre-packaged and labelled form, Finance Minister Nirmala Sitharaman said. Flour, containing at least 70 per cent millets, will attract…
Read More “5% GST On Millet-Based Flour If Sold In Pre-Packaged, Labelled Form” »
Finance Minister Nirmala Sitharaman with Union MoS for Finance Pankaj Chaudhary, Revenue Secretary Sanjay Malhotra and others during the 52nd Goods and Services Tax (GST) Council Meeting, in New Delhi, on October 7, 2023. | Photo Credit: PTI The Goods and Services Tax (GST) Council has decided to raise the maximum age limit for the…
Read More “GST Council raises upper age limit of president and members of Appellate Tribunals” »
Delhi Finance Minister Atishi Singh during the 52nd GST Council Meeting, in New Delhi, on October 7, 2023. | Photo Credit: PTI Delhi Finance Minister Atishi on Saturday said tax evasion notices worth ₹1.5-lakh crore to online gaming companies will finish them and vowed to seek their withdrawal at the GST Council meeting during the…
Read More “Will seek withdrawal of tax notices for online gaming companies: Delhi FM Atishi” »
A Go First airline, formerly known as GoAir, passenger aircraft parked at the Chhatrapati Shivaji International Airport in Mumbai, India, May 3, 2023. | Photo Credit: Reuters The Indian government’s recent move to protect aircraft lessors when an airline is under insolvency could prevent an estimated loss of $ 1.2 to 1.3 billion that Indian airlines…
Read More “Keen to keep aircraft lessors’ faith in India: Centre” »
RBI announced to withdraw the Rs 2,000 note on May 19 (Representational) Mumbai: Governor Shaktikanta Das on Friday said Rs 3.43 lakh crore of Rs 2,000 denomination notes have come back to the system so far, and reminded the public that they can return the withdrawn notes at 19 RBI offices from October 8. Addressing…
On May 19, 2023, the RBI announced its intent to withdraw the ₹2,000 notes introduced in 2016 for quick remonetisation. File | Photo Credit: The Hindu Governor Shaktikanta Das on October 6 said ₹3.43 lakh crore of ₹2,000 denomination notes have come back to the system so far, and reminded the public that they can…
Read More “₹2,000 notes worth ₹3.43 lakh crore have come back: RBI Governor” »
Benchmark equity indices Sensex and Nifty rallied for a second straight session on Friday after the Reserve Bank maintained the status quo on policy rates, resulting in gains for rate-sensitive sectors like financial, realty and auto. A firm trend in Asian and European markets also bolstered the investors’ sentiment, traders said. The 30-share BSE Sensex…
Read More “Stock markets rally after RBI keeps repo rate unchanged” »
Representational image | Photo Credit: Reuters The rupee appreciated 4 paise to settle at 83.21 (provisional) against the US dollar on Friday amid positive equity markets as the Reserve Bank kept the repo rate unchanged in its fourth consecutive monetary policy review. Selling pressure from foreign equity investors amid elevated levels of the greenback, however,…
Read More “Rupee rises 4 paise to close at 83.21 against U.S. dollar” »
Gold rings are seen on display for customers at a jewellery shop in Seoul. File | Photo Credit: REUTERS Gold price gained ₹50 to ₹57,400 per 10 grams in the national capital on Friday amid a rise in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had ended…
