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A video of Finance Minister Nirmala Sitharaman’s conversation – with the owner of the popular Sree Annapoorna Hotel chain in Coimbatore – landed the BJP’s Tamil Nadu chief, K Annamalai, in a spot of bother Friday as he admitted to an “unintended breach of privacy” by sharing the clip online. In a post on X…
Read More “BJP Leader’s Apology For Sharing Nirmala Sitharaman-Businessman Video” »
The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on…
Read More “GST Council to deliberate on taxation of insurance premium, report on online gaming” »
In August, gross revenues from domestic transactions were up 9.2%, improving from an 8.9% rise in July, | Photo Credit: Getty Images/iStockphoto The growth in India’s Gross Goods and Services Tax (GST) collections slowed down marginally to 10% in August from 10.3% in July, with revenues of nearly ₹1.75 lakh crore, but the rise in…
Read More “GST receipts’ growth slows marginally to 10% in August” »
Representational Image The Information & Broadcasting (I&B) Ministry has urged the Ministry of Finance to reduce the GST on digital news subscriptions. In a letter dated July 22, I&B secretary Sanjay Jaju requested his revenue counterpart Sanjay Malhotra to either exempt the GST on digital news subscriptions or reduce it from 18 per cent to five…
Read More “Broadcast Ministry Requests GST Exemption On Digital News Subscription” »
West Bengal Chief Minister Mamata Banerjee has urged the BJP-led central government to withdraw GST on life and medical insurance premiums, saying that it adversely affects people’s ability to take care of their vital needs. The Trinamool Congress chief is the latest to criticise the move announced by Finance Minister Nirmala Sitharaman in the Budget….
Read More “Mamata Banerjee On Budget Move To Tax Insurance” »
GST authorities have issued a Rs 32,403 crore notice on Infosys for services availed by the company. New Delhi: Apex IT association Nasscom on Thursday came out in support of Infosys — which is facing a Rs 32,403 crore GST notice, saying that the move reflected a lack of understanding of the industry’s operating model….
Read More “Top IT Body NASSCOM Backs Infosys After Rs 32,000 Crore GST Notice” »
The government allocates 21% of its budget to the State’s portion of taxes and duties | Photo Credit: Pichumani K Finance Minister Nirmala Sitaraman presented the Narendra Modi government’s first full-fledged budget after the NDA secured third consecutive win. Budget 2024 LIVE Updates The Budget mentioned net tax receipts for 2024-25 at ₹25.83 lakh crore,…
Read More “Budget 2024: Where does the money come from and go?” »
Lack of mental health professionals is crippling in India, an expert said. New Delhi: The government must remove or limit the 18 per cent Goods and Services Tax (GST) on mental health services, and allocate resources strategically to help India become a mentally resilient society, experts said on the eve of the Union Budget presentation…
Read More “Experts Urge Centre To Remove 18% GST On Mental Health Services” »
New Delhi: Union Finance Minister Nirmala Sitharaman chairs the 53rd GST Council meeting, in New Delhi, Saturday, June 22, 2024. The story so far: On June 22, the GST council recommended introducing biometric-based Aadhaar authentication for GST registrations, in a phased manner. In a media interaction after the conclusion of the council meeting, Finance Minister…
Share of personal income tax and indirect tax shows increase Over the last week, during the election campaign, the Congress’ manifesto and the party’s emphasis on social justice and welfare were suddenly thrust into the limelight. Prime Minister Narendra Modi sought to give the Congress’ demand for a caste census and its plans to study…