Clipped from: https://indianexpress.com/article/explained/explained-govt-eased-norms-indians-receive-money-relatives-abroad-hiked-import-duty-gold-8006940/ Both the steps, taken in a matter of two days, are aimed at curbing the outflow of funds and on the other hand
Day: July 4, 2022
*Not by cess | The Indian Express
Clipped from: https://indianexpress.com/article/opinion/editorials/wheat-shipments-15-per-cent-duty-on-gold-imp orts-cesses-on-fuel-exports-8005895/ Ban on wheat shipments, 15 per cent duty on gold imports, cesses on fuel exports — decisions show short-termism No less backward-looking
*Tax rate changes decided by the GST Council–INDIAN EXPRESS
lipped from: https://indianexpress.com/article/explained/explained-tax-rate-changes-decided-by-the-gst-council-8006633/ In the changes, which are expected to affect consumers at the most basic level, GST exemption has been withdrawn from ‘pre-packaged and labelled’
*Useful recommendations of GST Council for exporters | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/useful-recommendations-of-gst-council-for-exporters-122070400027_1.html The present exemption of IGST on import of goods under advance authorisation, Export Promotion Capital Goods (EPCG) authorisation and by Export-Oriented Units will
*Capex for revival | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/capex-for-revival-122070301025_1.html Govt has done well to increase expenditure The biggest challenge for Indian policymakers at the moment is to lead the economy to a
*Resilient amid risks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/as-the-rbi-points-out-the-crisis-in-npas-and-nbfcs-has-been-alleviated-but-fintech-poses-a-problem/article65595740.ece As the RBI points out, the crisis in NPAs and NBFCs has been alleviated but fintech poses a problem The key takeaway from
Birthing an unbiased GST tribunal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/birthing-an-unbiased-gst-tribunal/article65595345.ece Why it would pay to emulate the unique voting pattern of the GST council One issue related to the Goods and Services Tax
*Resolution delayed is… – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/business-laws/resolution-delayed-is/article65595361.ece How ailing corporate entities can benefit more from the proposed changes in timeline for insolvency resolution The Insolvency and Bankruptcy Board of India
Has GST delivered on its promises? – The Hindu BusinessLine
Watch | Explained: Has GST delivered on its promises? – The Hindu BusinessLine https://www.thehindubusinessline.com/multimedia/video/watch-explained-has-gst-delivered-on-its-promises/article65589087.eceWatch | Explained: Has GST delivered on its promises? – The Hindu
Sectoral impact of the GST Council’s decisions – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/sectoral-impact-of-the-gst-councils-decisions/article65596381.ece The recent decisions will go a long way in simplifying the indirect tax system The 47th GST Council concluded in line with industry
*e-invoicing for businesses with a turnover exceeding ₹10 cr soon; ₹5 cr or more next – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/e-invoicing-soon-for-businesses-with-a-turnover-exceeding-10-cr-5-cr-or-more-next/article65594972.ece Firms not complying with e-invoicing will be considered invalid and not be eligible for ITC Businesses with an annual turnover of more than
Finance Ministry hopes cess will not hit petroleum exports in FY23 | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-hopes-fuel-cess-will-not-hit-merchandise-exports-in-fy23-122070300813_1.html The ministry imposed cess on petroleum products of Rs 6 a litre, Rs 13 per litre and Rs 6 on petrol, diesel and
*****Huge treasury loss staring at banks in June quarter | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/huge-treasury-loss-staring-at-banks-in-june-quarter-122070300581_1.html Will the RBI step in again to the rescue of the banks and ensure smooth sailing of the government’s record borrowing plan this
A tax comes of age: Five years since rollout, areas where GST needs retouch and improvement – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/a-tax-comes-of-age-five-years-since-rollout-areas-where-gst-needs-retouch-and-improvement/articleshow/92623697.cms Synopsis There have been hits — a total digitisation of tax compliance infra and e-invoicing, robust revenue collection, and near-consensus decision despite a
CAD likely to double in FY23; rupee seen crossing 80/$: Economists – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/despite-higher-taxes-on-gold-imports-current-account-deficit-to-more-than-double-reports/articleshow/92635581.cms Synopsis While the export duty on oil could improve govt finances marginally, the raising of import costs for gold is unlikely to curb
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