Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-indias-fiscal-situation-is-precarious-but-reducing-the-deficit-cannot-be-the-only-objective/articleshow/93195200.cms Synopsis The combined deficit of the Centre and the states – which is the relevant parameter – is probably close to 10% of
Category: Seven Star
Lessons from a tax cut | Business Standard Column
ears of a huge revenue loss from the 2019 reduction in corporation tax rates were exaggerated Almost three years ago, the Modi government had introduced
Forex umbrella – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/forex-umbrella/article65686067.ece RBI has enough forex reserves to ensure orderly movement in the rupee An unnecessary debate is on currently over whether the RBI is
Avoid aggressive management of rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/avoid-aggressive-management-of-rupee/article65686738.ece Forex intervention by RBI has actually contained rupee depreciation. But the benefits of heavy intervention are not very clear The rupee has crossed
us recession: Deeper US recession spells big trouble for India, says Swaminathan Aiyar – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/expert-view/deeper-us-recession-spells-big-trouble-for-india-says-swaminathan-aiyar/articleshow/93129880.cms SECTIONS Deeper US recession spells big trouble for India, says Swaminathan Aiyar By Tamanna Inamdar ,Last Updated: Jul 26, 2022, 02:39 PM IST
recession: A global recession will pose enormous fiscal challenges. India must be prepared – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/a-global-recession-will-pose-enormous-fiscal-challenges-india-must-be-prepared/articleshow/93145050.cms Synopsis India’s fiscal deficit was at 2.5% of GDP when the Great Recession struck, and Pranab Mukherjee increased it to 6.9%. This time,
*******Anomalies in GST order on packaged food – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/anomalies-in-gst-order-on-packaged-food/article65678428.ece Gaps between the recent GST order, Packaged Commodities rules and provisions of Legal Metrology Act have caused confusion While the entire nation is
*******Rupee at 80: What can be done? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rupee-at-80-what-can-be-done-122072400487_1.html We need to maintain the gap of interest rate differential with the US by raising rates in a measured way and allow the
How to start a small scale salon or beauty parlour business
How to start a small scale salon or beauty parlour business https://economictimes.indiatimes.com/news/how-to/how-to-start-a-small-scale-salon-business/articleshow/93049325.cms Download Economic Times App to stay updated with Business News – https://etapp.onelink.me/tOvY/135dde21
*******HC explains Provisions of Section 148A of Income Tax Act, 1961–TAXGURU.IN
Clipped from: https://taxguru.in/income-tax/hc-explains-provisions-section-148a-income-tax-act-1961.html?utm_source=feedburner&utm_medium=email Abdul Majeed Vs ITO (Rajasthan High Court) High Court held that while passing an order under Section 148A of the Act, the authority
*******FAQ’s on AIS (Annual Information Statement)–TAXGURU.IN
lipped from: https://taxguru.in/income-tax/faqs-ais-annual-information-statement.html?utm_source=feedburner&utm_medium=email Q-1 What is Annual Information Statement (AIS)? Ans. Annual Information Statement (AIS) is comprehensive view of information for a taxpayer displayed in Form
*******Extended period of limitation cannot be invoked in absence of willful misstatement/suppression of fact–TAXGURU.IN
Clipped from: https://taxguru.in/excise-duty/extended-period-limitation-invoked-absence-wilful-misstatement-suppression-fact.html?utm_source=feedburner&utm_medium=email Commissioner of Service Tax Vs Surya Vistacom Private Limited (Calcutta High Court) Held that the conclusion that mere non-payment of duties is not
*******Demand of service tax, merely on the basis of TDS/ 26AS statement, unsustainable–TAXGURU.com
Clipped from: https://taxguru.in/service-tax/demand-service-tax-merely-basis-of-tds-26as-statement-unsustainable.html?utm_source=feedburner&utm_medium=email Forward Resources Pvt. Ltd. Vs C.C.E. (CESTAT Ahmedabad) Held that the demand of services tax is not sustainable on the basis of TDS /26AS statements.
*******GST on Rental Income of a Residential House Property given to a registered person
Clipped from: https://taxguru.in/goods-and-service-tax/gst-rental-income-residential-house-property-registered-person.html?utm_source=feedburner&utm_medium=email GST Impact on Rental Income of a Residential House Property has given to a registered person (Under GST) under GST Law w.e.f. 18.07.2022.
*******MSME registrations on govt’s Udyam portal near 1-crore milestone in 2 years | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-msme-registrations-on-govts-udyam-portal-near-1-crore-milestone-in-2-years/2597989/ Ease of Doing Business for MSMEs: Aadhaar number-based registration on the Udyam portal is free, paperless, and based on self-declaration. PAN and GST
*******Income Tax Return: Which ITR Form to choose? Simply check your sources of income | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-return-which-itr-form-to-choose-simply-check-your-sources-of-income/2597741/?ref=Must_Read While there are many conditions involved in deciding a Form for filing return, the main indicators are however the sources of income. As
*******GST changes from Monday may put pressure on retail inflation: Experts | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-changes-from-today-to-put-pressure-on-retail-inflation-experts-122071800632_1.html Falling global commodity prices may neutralise the impact, say experts Retail price inflation moderated to 7.01 per cent in June, from 7.04 per
*******Single package of cereals, pulses, flour etc. weighing more than 25 kg not to attract GST – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/single-package-ofcereals-pulses-flour-etc-weighing-more-than-25-kg-not-to-attract-gst/article65653034.ece CBIC issues clarification on GST for pre-packaged commodity in a set of Frequently Asked Questions Central Board of Indirect Taxes & Custom (CBIC)
*******RBI’s low dividend payout raises concerns – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/rbis-low-dividend-payout-raises-concerns/article65655432.ece It shows up poor risk management of forex reserves, such as relying on dollar sales in domestic forex market to book profit The
*******Exempting pre-packed pulses, cereals, other food items above 25 kg from GST big relief for wholesalers: CAIT | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-exempting-pre-packed-pulses-cereals-other-food-items-above-25-kg-from-gst-big-relief-for-wholesalers-cait/2597422/ Ease of Doing Business for MSMEs: According to FAQs issued by CBIC on Sunday, only pre-packed and labelled food items such as pulses,
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