Clipped from: https://www.businesstoday.in/latest/economy/story/gst-completes-5-years-heres-a-look-at-how-tech-has-been-used-for-tax-compliance-339824-2022-06-30 A nationwide Goods and Services Tax, which subsumed 17 local levies like excise duty, service tax and VAT and 13 cesses, was rolled
Day: July 1, 2022
*Treatment in private hospitals to get costly with 5% GST on non-ICU rent – BusinessToday
Clipped from: https://www.businesstoday.in/lifestyle/health/story/treatment-in-private-hospitals-to-get-costly-with-5-gst-on-non-icu-rent-339861-2022-06-30 As per many health experts and industry insiders, this move by the GST Council will add to the common man’s already existing inflationary
GST Council’s decision to help small e-commerce sellers: Nasscom – BusinessToday
Clipped from: https://www.businesstoday.in/industry/story/gst-councils-decision-to-help-small-e-commerce-sellers-nasscom-339909-2022-06-30 Nasscom welcomed the decision of the GST Council on the in-principle approval for relaxation in the provisions for suppliers making supplies through E-Commerce
CBIC to come out with SoP for enforcement actions by GST officers – BusinessToday
lipped from: https://www.businesstoday.in/latest/trends/story/cbic-to-come-out-with-sop-for-enforcement-actions-by-gst-officers-340054-2022-07-01 The department also wants to improve data quality in the returns, besides a more systematised grievance redressal mechanism, particularly for MSME and dispute
*Stagflation risks rising: RBI chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-others/stagflation-risks-rising-rbi-chief/article65587389.ece ‘Central banks must remain focussed on their responsibility to maintain financial stability’ The Reserve Bank of India, on Thursday, said risks of stagflation
The unsung workers: Why social security is vital for gig workers – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/the-unsung-workers-why-social-security-is-vital-for-gig-workers/article65587342.ece istock/Artur | Photo Credit: Artur Why social security is vital for gig workers The workforce worldwide has evolved from hierarchical, enclosed assemblies to
Security at sunset – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/security-at-sunset/article65587406.ece A new universal pension scheme that is superior to EPS must be designed for informal workers With MSMEs, start-ups and platform companies expanding
Taxing gifts — circular adding to confusion – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/taxing-gifts-circular-adding-to-confusion/article65587385.ece TDS becoming more burdensome | Photo Credit: NicoElNino By clarifying that tax must be deducted at source even when the benefit is paid
How to make GST more efficient – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/how-to-make-gst-more-efficient/article65587376.ece Exempting small firms from the tax, doing away with State-wise registrations and reducing the tax slabs to three will help In its two-day
Tax on digital assets: Impact on NFTs limited for now but industry seeks more clarity – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/tax-on-digital-assets-impact-on-nfts-limited-for-now-but-industry-seeks-more-clarity/article65587350.ece Industry players point out that NFTs are still at a nascent stage in the country with not too many investors and low awareness
‘Doing away with exemptions, correcting IDS steering GST system in the right direction’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-news/doing-away-with-exemptions-correcting-ids-steering-gst-system-in-the-right-direction/article65587395.ece B.LINE:FOR FILE:Vivek Johri ,Chairman, Central Board of Indirect Taxes & Customs, in New Delhi,on 31.5.22. Pic Kamal Narang. B.LINE:FOR FILE:Vivek Johri ,Chairman, Central
AP, Gujarat, TN among Top 7 in ease-of-doing business reforms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/ap-gujarat-tn-among-top-7-in-ease-of-doing-business-reforms/article65587426.ece Finance Minister Nirmala Sitharaman releasing the BRAP 2020 report in New Delhi, on Thursday, as Commerce and Industries Minister Piyush Goyal looks on
Gross NPAs of banks fall to six-year low of 5.9% in March – The Hindu BusinessLine
Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-collections-up-but-filings-decline-shows-data-122070100019_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 A Business Standard analysis found that returns filed under GSTR-3B declined 13.8 per cent YoY in FY22 An average of 7.9 million returns
Govt raises import duty on gold to 15% from 10.75% to curtail CAD | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/govt-raises-import-duty-on-gold-to-12-5-from-7-5-122070100292_1.html Last year, the government had cut the tax on gold imports to 7.5% in the Union Budget Photo: Bloomberg India has raised its
India feels the heat as investors face brutal emerging markets selloff | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/india-feels-the-heat-as-investors-face-brutal-emerging-markets-selloff-122070100992_1.html The government raised import taxes on gold, while increasing levies on exports of gasoline and diesel in an attempt to control a fast-widening
The art and science of managing inflation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-art-and-science-of-managing-inflation-122062800021_1.html The conduct of monetary policy is not based on simplistic binaries, particularly during times of extraordinary uncertainty The conduct of monetary policy in
*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)
GST Council meet: The Goose Point Theorem for rate rationalisation | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/gst-council-meet-the-goose-point-theorem-for-rate-rationalisation-122063000298_1.html The real issue before taxation lies in identifying the Goose Point and the way goes through ‘neutral goods’ So, the GST Council meeting, held at
*Platform economy | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/platform-economy-122063001400_1.html Entitlement extension should be calibrated The Union government’s think tank, NITI Aayog, has released a new policy brief titled “India’s Booming Gig and
*Five years of GST: The still good, but not-so-simple indirect tax | Business Standard Column
ipped from: https://www.business-standard.com/article/opinion/five-years-of-gst-the-still-good-but-not-so-simple-indirect-tax-122070100003_1.html The GST is still paying the price for govts talking the talk of a good and simple tax on July 1, 2017, but
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