https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-can-online-gaming-companies-survive-the-28-gst/article67079053.ece The Internet and Mobile Association of India is opposed to the levy but the govt says it is necessary to curb gambling addiction
Day: July 14, 2023
Online gaming players write to Finance Minister, PM, to reconsider 28 per cent GST – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece lipped from: https://www.thehindubusinessline.com/news/online-gaming-players-write-to-finance-minister-pm-to-reconsider-28-per-cent-gst/article67079579.ece The decision to impose 28 per cent GST ‘will have significant adverse effects on our community,’ they said A group of players
Government sets up Advisory Council for ONDC project – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/national/government-sets-up-advisory-council-for-ondc-project/article35153498.ece Clipped from: https://www.thehindubusinessline.com/news/national/government-sets-up-advisory-council-for-ondc-project/article35153498.ece Panel comprising Nilekani, Zainulbhai, Anjali Bansal, R S Sharma to give suggestions on fast adoption of the initiative The Centre has set
Google to launch accelerator program for ONDC – The Hindu BusinessLine
https://www.thehindubusinessline.com/info-tech/google-to-launch-accelerator-program-for-ondc/article67019033.ece Clipped from: https://www.thehindubusinessline.com/info-tech/google-to-launch-accelerator-program-for-ondc/article67019033.ece Google Cloud is also introducing a start-up credits program where organisations that enable ONDC are eligible to apply for a $25,000 grant.
RBI to give banks guidance to resolve rupee trade issues, says official
https://www.business-standard.com/finance/news/rbi-to-give-banks-guidance-to-resolve-rupee-trade-issues-says-official-123071400532_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-to-give-banks-guidance-to-resolve-rupee-trade-issues-says-official-123071400532_1.html The issue with rupee trade is that it can only work as a barter currency, the official said Photo: Bloomberg Listen to
👍👍👍👍👍👍👍Missed Aadhar-PAN link deadline? Here are transactions you can still do
https://www.business-standard.com/finance/personal-finance/missed-aadhar-pan-link-deadline-here-are-transactions-you-can-still-do-123071300393_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/missed-aadhar-pan-link-deadline-here-are-transactions-you-can-still-do-123071300393_1.html Even if your PAN card is no longer operative, there are certain financial transactions that can still be completed. These transactions, however,
Indian online gaming firms relocating to avoid tax will be risky: Official
https://www.business-standard.com/economy/news/indian-online-gaming-firms-relocating-to-avoid-tax-will-be-risky-official-123071301057_1.html Clipped from: https://www.business-standard.com/economy/news/indian-online-gaming-firms-relocating-to-avoid-tax-will-be-risky-official-123071301057_1.html Indian online gaming firms planning to relocate overseas to avoid a new 28% tax on the sector run the risk of violating
👍👍👍👍👍👍👍Filing ITR for crypto gains: Here’s your guide on taxation for VDAs
https://www.business-standard.com/finance/personal-finance/filing-itr-for-crypto-gains-here-s-your-guide-on-taxation-for-vdas-123071400253_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/filing-itr-for-crypto-gains-here-s-your-guide-on-taxation-for-vdas-123071400253_1.html All cryptocurrency purchases, sales, and transactions are subject to a 30% capital gains tax on profits, with no provisions for reduced rates
Exide hits over 4-year high; surges 23% in one month on positive outlook
https://www.business-standard.com/markets/news/exide-hits-over-4-year-high-surges-23-in-one-month-on-positive-outlook-123071400250_1.html Clipped from: https://www.business-standard.com/markets/news/exide-hits-over-4-year-high-surges-23-in-one-month-on-positive-outlook-123071400250_1.html Exide said the strong automobile sales augur well for Company as higher vehicle sales not only help the OEM business but also
14.07.2023–India’s trade deficit falls to $20.13 bn in June from $22.1 bn in May
https://www.business-standard.com/economy/news/india-s-trade-deficit-falls-to-20-13-bn-in-june-from-22-1-bn-in-may-123071400498_1.html Clipped from: https://www.business-standard.com/economy/news/india-s-trade-deficit-falls-to-20-13-bn-in-june-from-22-1-bn-in-may-123071400498_1.html Services exports in June were $27.12 billion, while imports were $15.88 billion Listen to This Article India’s merchandise trade deficit in June
👍👍👍👍👍No GST on replacement of parts during warranty period, says council
https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clipped from: https://www.business-standard.com/economy/news/no-gst-on-replacement-of-parts-during-warranty-period-says-council-123071400450_1.html Clarification provides certainty on the tax treatment of warranty repairs, say experts Listen to This Article The GST council has spoken on
👍👍👍👍👍👍👍Gmail Account –Enhanced protection
14.07.2023–Enhanced Safe Browsing for your account Enhanced Safe Browsing for your account
👍👍👍👍👍👍👍No income Escapment when Assessee paid STCG and LTCG: Gujarat HC quashes Reassessment Order
Clipped from: https://www.taxscan.in/no-income-escapment-when-assessee-paid-stcg-and-ltcg-gujarat-hc-quashes-reassessment-order/299680/ The High Court of Gujarat quashed the reassessment order as there was no income escapement when the assessee paid Short Term Capital Gain (STCG) and Long
👍👍👍👍👍👍👍Attention NRIs: Know the Consequences of Non-Linking of Aadhaar with PAN
Clipped from: https://www.taxscan.in/attention-nris-know-the-consequences-of-non-linking-of-aadhaar-with-pan/299792/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Attention%20NRIs:%20Know%20the%20Consequences%20of%20Non-Linking%20of%20Aadhaar%20with%20PAN The Central Government has issued a directive making it mandatory to link PAN (Permanent Account Number) with Aadhaar card. The deadline for this
Incorrect Claim of Deduction or Expenses Made in ITR does not Amount to Concealment of Income or Furnishing Inaccurate Particulars : ITAT Sets Aside NFAC Order
Clipped from: https://www.taxscan.in/incorrect-claim-of-deduction-or-expenses-made-in-itr-does-not-amount-to-concealment-of-income-or-furnishing-inaccurate-particulars-itat-sets-aside-nfac-order/299465/ By Ipsita Das – On July 14, 2023 11:30 am – 2 mins read The Pune Bench of Income Tax Appellate Tribunal (ITAT) held that rejection of incorrect claim
Bank Statement Needs to be Obtained Before Issuing Notice for Reassessment u/s 148 : ITAT Deletes Income Tax Addition
Clipped from: https://www.taxscan.in/bank-statement-needs-to-be-obtained-before-issuing-notice-for-reassessment-u-s-148-itat-deletes-income-tax-addition/298387/ By Ipsita Das – On July 14, 2023 10:00 am – 2 mins read The Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the revenue authorities are
🙏Work in progress: The Hindu Editorial on the GST Council meet and issues – The Hindu
https://www.thehindu.com/opinion/editorial/work-in-progress-the-hindu-editorial-on-the-gst-council-meet-and-issues/article67076337.ece Clipped from: https://www.thehindu.com/opinion/editorial/work-in-progress-the-hindu-editorial-on-the-gst-council-meet-and-issues/article67076337.ece The 50th GST Council meet lifts the fog on many areas; execution holds the key Meeting after nearly five months, the Goods
The data debate
https://www.business-standard.com/opinion/editorial/the-data-debate-123071301025_1.html Clipped from: https://www.business-standard.com/opinion/editorial/the-data-debate-123071301025_1.html Govt’s indifference isn’t helping matters Listen to This Article The quality of official data is once again being debated. The point of
GST authorities to roll out biometric-based Aadhaar authentication of suspicious registration applicants – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece Clipped from: https://www.thehindubusinessline.com/economy/gst-authorities-to-roll-out-biometric-based-aadhaar-authentication-of-suspicious-registration-applicants/article67075905.ece Special joint drive against fake registration may be extended beyond July 15,says Revenue Secretary GST Administration will soon begin a pilot for
RBI’s dependence on forex intervention gain needs a closer look – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/rbis-dependence-on-forex-intervention-gain-needs-a-closer-look/article67075628.ece Clipped from: https://www.thehindubusinessline.com/opinion/rbis-dependence-on-forex-intervention-gain-needs-a-closer-look/article67075628.ece A major highlight of the income of the RBI in 2022-23 was a whopping exchange gain of ₹1,03,308 crore — an increase
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