Revenue Secretary Tarun Bajaj explained to ET that the tax income advancement was sturdy and the government need to have the capacity to fulfill its fiscal deficit focus on. He also discussed capital gains tax, obligation on glod plus more.
a fresh GST amnesty plan has been introduced to rationalise late fees for delay in filing of GSTR-3B return. It provides a conditional waiver of late fees for delay in filing GSTR-3B return from July 2017 to April 2021. Simply click here to grasp far more.
Another preferred 1 is definitely the GST on health and fitness insurance and selected life insurance plan merchandise, which has to be lowered from 18% for each numerous insurers' needs. It lowers the quality Price tag and makes it very affordable for policy potential buyers to get health and fitness insurance policies.
If you do not have an account be sure to sign-up and login to put up remarks. buyers can obtain their more mature remarks by logging into their accounts on Vuukle.
IRDAI mandates creation of recent standardised address for mental illnesses; will or not it's a lot easier acquire insurance coverage now?
If involved in non-charitable fundraising, the defendants are going to be required to Evidently advise people at enough time they ask for cash that any donations will not be charitable and not qualified for tax deductions. beneath currently’s settlements, the next phrases utilize:
the most up-to-date report issued towards the tip of 2022 is most probably like the main report, submitted previously that yr, apart from the divergent thoughts discussed above.
"Our intent is to make GST assessees' lifetime a lot easier, less difficult and fewer cumbersome... we have been check here working in direction of significantly less and fewer compliance," Union finance minister Nirmala Sitharaman, chairperson of the body, informed reporters following the council's 53rd Conference that was held during the capital.
50th GST Council Conference took place on eleventh July 2023. choice was taken to send out intimations for excessive ITC statements in GSTR-3B when compared with GSTR-2B over a specific limit through DRC-01C to seek reaction. even more, GST on on the internet gaming was fixed at 28% on whole facial area value.
opinions have to be in English, As well as in whole sentences. they can not be abusive or personalized. Please abide by our community tips for posting your opinions.
In point of fact, the complaint alleges, the defendants “fundraised for sham charities, quite a few of that have been shut down through point out and federal legislation enforcement steps.”
The committee advisable a fixed 28% GST price on horse racing, casinos and online gaming in its first report. The report also described the foundation benefit for taxation.
With each one of these rate changes slated to kick in from July 18, any effects can only be gauged when August buyer inflation quantities are released in the second week of September. Even then, with rates of various commodities, including crude oil, remaining elevated, distilling the influence of new GST charges on price increase is probably not basic.
We have now migrated to a new commenting platform. In case you are currently a registered user with the Hindu and logged in, you may proceed to have interaction with our articles.