https://www.business-standard.com/industry/news/cinema-industry-welcomes-cutting-gst-rates-on-food-served-in-movie-theatres-123071101048_1.html lipped from: https://www.business-standard.com/industry/news/cinema-industry-welcomes-cutting-gst-rates-on-food-served-in-movie-theatres-123071101048_1.html Multiplex operators welcomed GST Council’s decision to lower tax rates on food and beverages sold in cinema halls, saying it will help
Month: July 2023
👍Centre has ‘murdered’ online gaming with 28% GST, says Ashneer Grover
https://www.business-standard.com/economy/news/centre-has-murdered-online-gaming-with-28-gst-says-ashneer-grover-123071200253_1.html Clipped from: https://www.business-standard.com/economy/news/centre-has-murdered-online-gaming-with-28-gst-says-ashneer-grover-123071200253_1.html The new tax puts fantasy gaming tax at the same level as gambling and betting Former Bharatpe Co-founder and MD Ashneer Grover
👍GST appellate tribunal will improve ease of doing business
Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay Malhotra during the 50th Goods and Services Tax (GST) Council Meeting at Vigyan Bhawan, in New Delhi.
Infosys, HCLTech put off pay hikes for employees; TCS bucks trend
https://www.business-standard.com/companies/news/infosys-hcltech-defer-salary-hikes-of-employees-tcs-bucks-trend-123071200926_1.html Clipped from: https://www.business-standard.com/companies/news/infosys-hcltech-defer-salary-hikes-of-employees-tcs-bucks-trend-123071200926_1.html Infosys typically rolls out hikes for its senior management in July, but so far, they have not received any communication on the
No review or roll-back; GST move unanimous: Revenue Secy Sanjay Malhotra
https://www.business-standard.com/economy/interviews/imposing-28-gst-on-entire-face-value-a-unanimous-decision-revenue-secy-123071200964_1.html Clipped from: https://www.business-standard.com/economy/interviews/imposing-28-gst-on-entire-face-value-a-unanimous-decision-revenue-secy-123071200964_1.html “I don’t think that the demand for these vehicles is so ‘elastic’ that a small tax change could impact the market drastically”
Amendment for online gaming, casinos, horse racing not retrospective, just clarificatory:Revenue Secretary – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/amendment-for-online-gaming-casinos-horse-racing-not-retrospective-just-clarificatoryrevenue-secretary/article67072773.ece Clipped from: https://www.thehindubusinessline.com/economy/amendment-for-online-gaming-casinos-horse-racing-not-retrospective-just-clarificatoryrevenue-secretary/article67072773.ece GST rates on online gaming, casinos, and horse racing were always 28% and 28% were always on the face value: Revenue Secretary
Clipped from: https://www.thehindubusinessline.com/portfolio/tcs-q4-results-recovery-is-not-around-the-corner/article67072155.ece
With recession risks still persisting, the risk-reward remains unfavourable for the stock for now TCS reported results that were generally in line to marginally weaker,
Mechanism to provide level playing field between domestic, foreign online gaming companies, says Revenue Secretary – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/mechanism-to-provide-level-playing-field-between-domestic-foreign-online-gaming-companies-says-revenue-secretary/article67072653.ece Clipped from: https://www.thehindubusinessline.com/economy/mechanism-to-provide-level-playing-field-between-domestic-foreign-online-gaming-companies-says-revenue-secretary/article67072653.ece New Group of Ministers on Rate Rationalisation will be reconstituted soon, says Sanjay Malhotra Revenue Secretary Sanjay Malhotra on Wednesday said the
Exempt small suppliers making inter-state supplies on E-commerce from GST registration: GTRI | The Financial Express
https://www.financialexpress.com/industry/sme/msme-eodb-exempt-small-suppliers-making-inter-state-supplies-on-e-commerce-from-gst-registration-gtri/3164761/ Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-exempt-small-suppliers-making-inter-state-supplies-on-e-commerce-from-gst-registration-gtri/3164761/ Ease of Doing Business for MSMEs: The GST Council has already exempted small businesses that make intra-state supplies through e-commerce platforms from
Hasten deposit insurance reforms – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/hasten-deposit-insurance-reforms/article67072830.ece Clipped from: https://www.thehindubusinessline.com/opinion/hasten-deposit-insurance-reforms/article67072830.ece Even as banks face new risks, uninsured and ‘not fully protected’ deposits are rising. This must be addressed The recently released Financial Stability
GST Council may have erred in its policy on gambling – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/gst-council-may-have-erred-in-its-policy-on-gambling/article67071723.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/gst-council-may-have-erred-in-its-policy-on-gambling/article67071723.ece The 28 per cent GST on betting amount will add to the existing burden of commission/fee payable to the facilitator, and if
Bad news! Infosys defers pay hike for staff | The Financial Express
https://www.financialexpress.com/industry/bad-news-infosys-defers-pay-hike-for-staff-bkg/3166694/ lipped from: https://www.financialexpress.com/industry/bad-news-infosys-defers-pay-hike-for-staff-bkg/3166694/ The report says that the decision shows that the IT sector is facing tough conditions due to present macroeconomics conditions. X Infosys,
RBI looking at additional loans for home buyers of stuck projects
https://www.business-standard.com/finance/news/rbi-looking-at-additional-loans-for-home-buyers-of-stuck-projects-123071200280_1.html Clipped from: https://www.business-standard.com/finance/news/rbi-looking-at-additional-loans-for-home-buyers-of-stuck-projects-123071200280_1.html A meeting of a committee was held on June 19 to discuss issues related to “legacy stalled projects” in real estate Delhi-NCR
Court asks husband to pay wife Rs 50,000 a month for pets’ maintenance
https://www.business-standard.com/india-news/court-asks-husband-to-pay-wife-rs-50-000-a-month-for-pets-maintenance-123071200327_1.html Clipped from: https://www.business-standard.com/india-news/court-asks-husband-to-pay-wife-rs-50-000-a-month-for-pets-maintenance-123071200327_1.html A Mumbai court, while hearing a woman’s plea seeking maintenance from her estranged husband, said pets bring emotional well-being Listen to This
Read: Money Mantra: भेट (गिफ्ट) देताना – घेताना प्राप्तिकर भरावा लागतो का?
https://www.loksatta.com/business/personal-finance/do-you-have-to-pay-income-tax-on-gifts-mmdc-dvr-99-3784990/ Shared by Loksatta android app click here to download https://loksatta.page.link/LS_app
MOTOR VEHICLE INSURANCE: Fortify with add-ons this monsoon | The Financial Express
https://www.financialexpress.com/money/insurance/motor-vehicle-insurance-fortify-with-add-ons-this-monsoon/3165757/ lipped from: https://www.financialexpress.com/money/insurance/motor-vehicle-insurance-fortify-with-add-ons-this-monsoon/3165757/ Go for engine protection cover if you live in a flood-prone region X As the monsoon season has arrived, car owners must
Corporate India’s health insurance safety net doesn’t cover everyone
https://www.business-standard.com/finance/personal-finance/corporate-india-health-insurance-safety-net-doesn-t-cover-everyone-123063000255_1.html Clipped from: https://www.business-standard.com/finance/personal-finance/corporate-india-health-insurance-safety-net-doesn-t-cover-everyone-123063000255_1.html Majority of staff in key business sectors lack protection, shows data from listed companies Health Insurance Listen to This Article As the
Federal Reserve to resume interest rate hikes after the pause seen in June’s FOMC meeting | The Financial Express
https://www.financialexpress.com/business/investing-abroad-federal-reserve-to-resume-interest-rate-hikes-after-the-pause-seen-in-junes-fomc-meeting-3165597/ Clipped from: https://www.financialexpress.com/business/investing-abroad-federal-reserve-to-resume-interest-rate-hikes-after-the-pause-seen-in-junes-fomc-meeting-3165597/ The Fed is resuming its tightening program amid a strong labor market, which threatens to undo the central bank’s work during the
GST Council okays 28% tax on online gaming, casinos and horse racing
https://www.business-standard.com/economy/news/gst-council-okays-28-tax-on-online-gaming-casinos-and-horse-racing-123071101097_1.html Clipped from: https://www.business-standard.com/economy/news/gst-council-okays-28-tax-on-online-gaming-casinos-and-horse-racing-123071101097_1.html To be levied on full face value; effective roll-out after amendments to GST law Finance Minister Nirmala Sitharaman with Revenue Secretary Sanjay
28 per cent GST an existential threat, say online gaming companies – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/28-per-cent-gst-an-existential-threat-say-online-gaming-companies/article67068569.ece lipped from: https://www.thehindubusinessline.com/news/28-per-cent-gst-an-existential-threat-say-online-gaming-companies/article67068569.ece The decision will lead to lakhs of job losses: The All India Gaming Federation chief Online gaming companies have reacted strongly to
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