Clipped from: https://www.financialexpress.com/economy/oil-windfall-tax-to-yield-rs-40000-crore-net-revenue/2582779/ The profit generated after accounting for cost from producing crude and natural gas from fields, awarded by the government under a production sharing
*GST Council decides not to change 28% taxation on all forms of gambling – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/gst-council-decides-not-to-change-28-taxation-on-all-forms-of-gambling/articleshow/92661843.cms Synopsis The online gaming industry has sought to delineate games of skill and chance it serves up. High courts in several states have
*****Credit ratings info only where it’s due – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/credit-ratings-info-only-where-its-due/articleshow/92661857.cms Synopsis Reportedly, rating agencies also expect Sebi to deal with the pitfalls of rating companies that do not share their financials. Earlier, the
Small traders to gain in GST relief for e-commerce sellers, transport | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/small-traders-to-gain-in-gst-relief-for-e-commerce-sellers-transport-122062901384_1.html For the transport sector, the council lowered GST to 5 per cent from 18 per cent on ropeways, renting of goods carriage, including
How rupee shrugged off the fragile tag and outperformed despite shocks | Business Standard News
Clipped from: https://www.business-standard.com/article/markets/how-rupee-shrugged-off-the-fragile-tag-and-outperformed-despite-shocks-122062901142_1.html The domestic currency has fared better than many of its emerging market peers In nominal terms, the reserves rose $99.2 billion in 2020-21
*Five years on, has GST delivered? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-five-years-on-has-gst-delivered/article65579054.ece The objective of achieving a unified indirect tax system for a country as large and as densely populated as India was no mean
GST: What lies ahead for India’s most ambitious indirect tax reform? | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-what-lies-ahead-for-india-s-most-ambitious-indirect-tax-reform-122063001481_1.html The continuation of a business-as-usual approach can undermine the GST’s ability to either raise revenues for the government or improve the ease of
Five years of GST: Mistakes that have made the regime a disappointment | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/five-years-of-gst-mistakes-that-have-made-the-regime-a-disappointment-122070100014_1.html Addressing mistakes made while introducing the tax and getting back to a revenue-neutral rate(s) constitute the agenda that awaits attention Clearly, there is
The rupee’s ‘new lows’: Why it’s not necessarily a cause for concern | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/the-rupee-s-new-lows-why-it-s-not-necessarily-a-cause-for-concern-122070101203_1.html The framers of a ‘strong currency’ policy ignore that almost every country with a successful long-term record of development has pursued a ‘weak
Next stage for GST | Business Standard Editorials
Clipped from: https://www.thehindubusinessline.com/opinion/has-gst-been-a-game-changer/article65590076.ece It will become one if restrictions on availing input tax credit are removed and Appellate Tribunals are set up Five action-packed years. Forty-seven
Has GST been a game-changer? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/has-gst-been-a-game-changer/article65590076.ece It will become one if restrictions on availing input tax credit are removed and Appellate Tribunals are set up Five action-packed years. Forty-seven
5 years of GST: Congress slams flawed GST model, promises GST 2.0 with single, low rate if returned to power – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/5-years-of-gst-congress-slams-flawed-gst-model-promises-gst-20-with-single-low-rate-if-returned-to-power/article65589466.ece GST has serious birth defects which worsened over last five years, says former Finance Minister Chidambaram The Congress Party on Friday slammed the existing
How Meeshoo helped 5 lakh small businesses go online; targets breakeven early next year – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/info-tech/how-meeshoo-helped-5-lakh-small-businesses-go-online-targets-breakeven-early-next-year/article65579436.ece ‘The move to waive compulsory GST registration will be a tailwind, making millions of small businesses come online’ Meesho, an e-commerce platform that
The rupee’s decline — need to curb volatility of capital flows – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-rupees-decline-need-to-curb-volatility-of-capital-flows/article65573549.ece The rupee has been declining continuously in the last three years. This has added to the inflationary pressures in the economy The second
*Cross-check data in pre-filled forms while filing income-tax return | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/form-and-fit-documents-you-must-keep-handy-to-file-income-tax-returns-122070101125_1.html The documents you collect for this purpose will prove handy if an assessing officer conducts inquiry The due date for income tax return
*Insurer to pay for closure to avert risk from rioting | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/insurer-to-pay-for-closure-to-avert-risk-from-rioting-122070300992_1.html In July 2008, there was a huge agitation against the government’s move to acquire land belonging to the Amarnath Shrine Board BBF Industries,
*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
*Bringing fuel under GST will take more time: Revenue Secretary Tarun Bajaj – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/policy/bringing-fuel-under-gst-will-take-more-time-revenue-secretary-tarun-bajaj/article65598774.ece 28 per cent GST rate to continue, the merger of others a challenge Revenue Secretary Tarun Bajaj on Monday indicated that bringing fuel
*SEBI News: Sebi seeks information on companies with high ratings via ‘support structures’ – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/sebi-seeks-information-on-companies-with-high-ratings-via-support-structures/articleshow/92641522.cms Synopsis Sebi has asked credit rating agencies to share information on all corporates whose ratings are propped up with promoter or parent guarantees
*Why MPC should explain its failure to contain inflation to Parliament, not to govt – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/why-mpc-should-explain-its-failure-to-contain-inflation-to-parliament-not-to-govt/articleshow/92638897.cms Synopsis “The Reserve Bank of India may have multiple goals. But Monetary Policy Committee has only one — inflation control. So why did
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