lipped from: https://www.thehindu.com/business/pay-5-gst-on-pre-packed-labelled-food-items-hospital-rooms-above-5000-from-monday-july-18-2022/article65650139.ece?homepage=true Hotel rooms with tariff of up to ₹1,000/day, maps and charts, including atlases, will attract a 12% GST File photo for representation. Hotel
Day: July 17, 2022
‘Account Aggregator framework is a boon to SMBs as lenders won’t be able to store, analyse, sell financial info’ | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-fin-account-aggregator-framework-is-a-boon-to-smbs-as-lenders-wont-be-able-to-store-analyse-sell-financial-info/2584155/ Credit and Finance for MSMEs: With the AA framework in place, India’s financial ecosystem will see a complete transformation. It will do to
*****Hospital room rent to become costlier as GST applicable from July 18 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/hospital-room-rent-to-become-costlier-as-gst-applicable-from-july-18/articleshow/92898194.cms Synopsis The Goods and Services Tax (GST) council in its last meeting held on June 28-29, 2022, decided to expand the tax base
*Rupee fall fuels inflation, but makes exports competitive: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rupee-fall-fuels-inflation-but-makes-exports-competitive-experts-122071700440_1.html?code=NTM4OTU9MTIyMDcxNzAwNDQw Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more
*HDFC Bank lost Rs 50k-cr corporate loans as competitors offered lower rates | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/hdfc-bank-lost-out-rs-50-000-cr-corporate-loans-after-interest-rate-hike-122071700233_1.html?code=NTM4OTU9MTIyMDcxNzAwMjMz Merger-related dispensations separately handled by RBI, says HDFC Bank CFO Srinivasan Vaidyanathan HDFC Bank, the country’s largest private-sector lender, lost to competition wholesale
*AP man donates his retirement funds for SSY scheme, gets PM Modi’s pat
lipped from: https://www.deccanchronicle.com/nation/politics/300522/pm-hails-ram-bhupal-for-giving-his-retirement-benefits-to-100-girls-un.html Markapuram Rambhupal Reddy. (DC) Nellore: Prime Minister Narendra Modi heaped praise on Markapuram Rambhupal Reddy of Andhra Pradesh during 89th episode of Mann Ki
*IT stocks outlook: IT stocks to stay under pressure in the near term: Morgan Stanley – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/stocks/news/it-stocks-to-stay-under-pressure-in-the-near-term-morgan-stanley/articleshow/92912122.cms Synopsis The IT index on the BSE ended down 0.2% at 27,122.90 after hitting a 52-week low during the session. These shares have
*Rupee’s weakening against the dollar ‘quite mild’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/strength-of-us-dollar-against-inr-quite-mild-govt-sources/article65647297.ece Greenback strengthening against other currencies as well Strengthening of dollar against the rupee has been quite ‘mild’, government sources said on Saturday. In
*Annual Information Statement (AIS) – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-annual-information-statement-ais/article65639111.ece Ravi and Teja meet at their snooker club and during the game an interesting conversation related to income tax filing follows. Ravi: I think
*Does TCS have more room to fall? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-does-tcs-have-more-room-to-fall/article65646957.ece We zoom in on its prospects, as also that of two other stocks: Indian Oil Corporation and Venky’s (India) I have bought shares
*Tax Query: How land owner calculates gain in case of joint development? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-how-land-owner-calculates-gain-in-case-of-joint-development/article65640739.ece Section 45(5A) provides for determination of capital gains where land and building are sold together under a specified agreement Joint development of vacant
*****De-tax: Things to note for ensuring a defect-free ITR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/de-tax-things-to-note-for-ensuring-a-defect-free-itr/article65640446.ece Taxpayers should be aware of key disclosure norms to shield themselves from consequences of any default As most individual taxpayers approach the income-tax
*****Indian economy shows resilience: RBI Bulletin – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/indian-economy-shows-resilience-rbi-bulletin/article65648356.ece Our Bureau Mumbai, July 16 Lower orders of rate hikes can bring down inflation faster, conditional upon higher exchange rate pass-through (ERPT), according
*****Draft paper released on changes to GSTR-3B – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/draft-paper-released-on-changes-to-gstr-3b/articleshow/92907769.cms Synopsis The draft, approved by the GST Council in its 47th meeting held last month, has incorporated many recommendations by the industry such
Depreciating rupee a mixed bag for industry, software companies set to gain – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/depreciating-rupee-a-mixed-bag-for-industry-software-companies-set-to-gain/articleshow/92921838.cms Synopsis The rupee, which has been depreciating against the greenback, is near the psychological barrier of 80 to a dollar and is
*******US Recession: How will a US recession play out for India, other emerging markets? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/how-will-a-us-recession-play-out-for-india-other-emerging-markets/articleshow/92789413.cms Synopsis Since the peak in October 2021, the Indian market has been in correction mode, with over $40 billion in FPI selling. That’s
*****India inflation: Indicators show inflation may be peaking, RBI says – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/indicators-show-inflation-may-be-peaking-rbi-says/articleshow/92923950.cms Synopsis The Reserve Bank of India in its July bulletin has said that there are indications that inflation may be peaking, adding that
*******New GST googly: Gifted IPL tickets are no longer free – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/new-gst-googly-gifted-ipl-tickets-are-no-longer-free/articleshow/92907738.cms Synopsis This would mean that any IPL franchise owner gifting complimentary tickets to its employees will have to cough up GST on the
*Settling trade in rupee: FTP tweaks may allow traders export benefits | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/centre-to-soon-make-amendments-to-ftp-for-settling-trade-in-rupees-122071401325_1.html?code=NTM4OTU9MTIyMDcxNDAxMzI1 It is not clear if the changes will be part of the existing FTP or the new policy that the DGFT hopes to
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