Clipped from: https://indianexpress.com/article/opinion/columns/gst-five-years-stronger-8001468/ GST faced teething troubles. But five years later, it has survived the turbulence, emerged better The GST Council has played a crucial role
Month: June 2022
Five years on, has GST delivered? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/five-years-on-has-gst-delivered/article65583623.ece The objective of achieving a unified indirect tax system for a country as large and as densely populated as India was no mean
IBBI proposes 0.25 per cent ‘regulation fee’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/ibbi-proposes-025-per-cent-regulation-fee/article65583655.ece Move will escalate the cost of resolution, reduce recoveries for creditors: Experts Insolvency regulator IBBI proposes to levy a “regulation fee” of 0.25
Next stage for GST | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/next-stage-for-gst-122062901335_1.html Rate rationalisation will be critical The 47th meeting of the Goods and Services Tax (GST) Council, which ended on Wednesday, was perhaps one of the
Europe first | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/europe-first-122062901342_1.html Russia-Ukraine war will preoccupy the G7 for a long time The recently concluded G7 summit in Bavaria highlighted the reality that the war in Ukraine will continue
GST: More than just a tax reform | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/gst-more-than-just-a-tax-reform-122062901372_1.html Going forward, we also need to look at inclusion of items in the GST from a larger macro perspective The goods and services tax (GST)
Surat’s textile hub consolidated as small players failed to survive GST | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/surat-s-textile-hub-consolidated-as-small-players-failed-to-survive-gst-122062900849_1.html This ground report from the diamond city captures the travails of small-scale units A big blow to the industry in the first year
Small traders to gain in GST relief for e-commerce sellers, transport | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/small-traders-to-gain-in-gst-relief-for-e-commerce-sellers-transport-122062901384_1.html For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including
Asian Paints sees scope to reinvent amid continuing global uncertainties | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/asian-paints-sees-scope-to-reinvent-amid-continuing-global-uncertainties-122062901138_1.html Chairman Deepak Satwalekar tells investors at AGM that the firm’s network penetration and brand strength saw its decorative business deliver 31% growth by
Housing sales fall 15 pc in Apr-Jun in top 7 cities from previous quarter on rise in property, mortgage rates | The Financial Express
Clipped from: https://www.financialexpress.com/money/housing-sales-fall-15-pc-in-apr-jun-in-top-7-cities-from-previous-quarter-on-rise-in-property-mortgage-rates/2578043/ On Wednesday, housing brokerage firm PropTiger released its data, which showed that sales jumped over 4.5 times year-on-year in April-June across eight cities
TDS on social media influencers under Section 194R: Explained | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/tds-rule-for-social-media-influencers-under-section-194r-2022-explained/2577751/ TDS rule for social media influencers 2022: The new section mandates a person providing any benefit or perquisite to another person for their
Chile Man Salary: Man was paid 286 times his salary by accident. He resigns and disappears with the money – The Economic Times
Clipped from: https://economictimes.indiatimes.com/magazines/panache/man-was-paid-286-times-his-salary-by-accident-he-resigns-and-disappears-with-the-money/articleshow/92525661.cms A man in Chile was paid 286 times his salary in May by accident by the company. When the incident came to notice, the employee
GST’s half-a-decade journey: Tech usage to plug revenue leaks, Rs 1.3 lakh cr monthly tax ‘new normal’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/gsts-half-a-decade-journey-tech-usage-to-plug-revenue-leaks-rs-1-3-lakh-cr-monthly-tax-new-normal/articleshow/92563613.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essential items and
Gross NPA ratio of banks fell to six-year low of 5.9% in March: RBI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/gross-npa-ratio-of-banks-fell-to-six-year-low-of-5-9-in-march-rbi/articleshow/92570831.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23 Synopsis Signalling that on the back of adequate capital buffers and improving asset quality levels, the Indian banking system is well-positioned to support
New Labour Codes: Pay, leaves and work hours: How the new labour codes impact you – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/pay-leaves-and-work-hours-how-the-new-labour-codes-impact-you/articleshow/92562758.cms Synopsis The new codes also allow increase in the maximum number of overtime hours from 50 hours (under the Factories Act) to 125
GST Impact: GST is a success according to Deloitte survey: Mahesh Jaising – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/gst-is-a-success-according-to-deloitte-survey-mahesh-jaising/articleshow/92571058.cms SECTIONS GST is a success according to Deloitte survey: Mahesh Jaising Last Updated: Jun 30, 2022, 04:15 PM IST Synopsis “Everybody is also
A case for extending GST compensation period – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-case-for-extending-gst-compensation-period/article65573736.ece The Covid pandemic has thrown States off-course. A 3-year extension will cost the Centre nothing in fiscal terms A major concern before the
The rupee’s decline — need to curb volatility of capital flows – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-rupees-decline-need-to-curb-volatility-of-capital-flows/article65573549.ece The rupee has been declining continuously in the last three years. This has added to the inflationary pressures in the economy The second
Why India cannot afford to alienate Russia – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-india-cannot-afford-to-alienate-russia/article65573674.ece India has only pledged rhetorical support for Ukraine as it cannot forgo Russia’s support militarily and its discounted oil and gas India, long-established
Missed declaring rental to employer? Claim HRA exemption while filing ITR | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/missed-declaring-rental-to-employer-claim-hra-exemption-while-filing-itr-122062700885_1.html Keep rent receipts that serve as proof handy should taxmen come calling If you have submitted your rent documents to your employer on
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