Charging your EV at public charging stations? Get ready to pay GST
  • 21 Jul 2023 06:04 PM
  • New

Charging your EV at public charging stations? Get ready to pay GST

Source: https://economictimes.indiatimes.com/small-biz/gst/charging-your-ev-at-public-charging-stations-get-ready-to-pay-gst/articleshow/102003421.cms

In a blow to EV customers, an AAR order says charging electric batteries at public stations amounts to supply service and will attract GST.

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GST a success story in northeast India: Sitharaman
  • 21 Jul 2023 05:57 PM
  • New

GST a success story in northeast India: Sitharaman

Source: https://www.livemint.com/economy/gst-a-success-story-in-northeast-india-sitharaman-11689936202663.html

There still exists scope to widen the tax base in the northeast if officials focus on bringing more small and medium enterprises, traders and other businesses within the ambit of the GST, the minister said.

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'28% online gaming GST against legal precedents': Peak XV, Tiger Global, and other investors write to PM Modi
  • 21 Jul 2023 05:53 PM
  • New

'28% online gaming GST against legal precedents': Peak XV, Tiger Global, and other investors write to PM Modi

Source: https://www.livemint.com/news/india/investors-in-online-gaming-sector-seek-meeting-with-pm-modi-on-28-gst-levy-11689921351137.html

Investors in India's online gaming industry have written to Prime Minister Narendra Modi expressing concerns over the imposition of Goods and Services Tax (GST) on online gaming operators.

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Franklin Templeton analysts believe global investors should pay closer attention to Indian market; here's why
  • 21 Jul 2023 05:44 PM

Franklin Templeton analysts believe global investors should pay closer attention to Indian market; here's why

Source: https://www.livemint.com/market/stock-market-news/franklin-templeton-analysts-believe-global-investors-should-pay-closer-attention-to-indian-market-heres-why-11689909132710.html

Franklin Templeton’s analysts are upbeat about India's growth prospects. They think investors should bet on India because of its remarkable growth, supported by government policies, in many sectors including aviation, IT, energy, etc.

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Revving for the Youth: Thrilling 2.75L sports bike launched exclusively for minors! But here's the catch…
  • 20 Jul 2023 05:35 PM

Revving for the Youth: Thrilling 2.75L sports bike launched exclusively for minors! But here's the catch…

Source: https://www.livemint.com/auto-news/revving-for-the-youth-thrilling-2-75l-sports-bike-launched-exclusively-for-minors-but-heres-the-catch-11689829146551.html

CRA Motorsports introduces the Atom GP1 race bike, designed for young riders aged 10-17, priced at ₹2.75 lakh + GST. The bike is exclusively for track use and features a 159.3 cc engine, custom-built frame, and sleek body shell made of fiberglass.

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Three small but effective ideas to help small businesses
  • 20 Jul 2023 05:29 PM

Three small but effective ideas to help small businesses

Source: https://www.livemint.com/opinion/online-views/three-small-but-effective-ideas-to-help-small-businesses-11689781919954.html

The youth should aspire to be job givers, not just job seekers. Who gave this clarion call? Most would guess that it was our Prime Minister, during his electoral campaign of 2014. But it was not just him.

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No GST for free part change in warranty
  • 19 Jul 2023 05:23 PM

No GST for free part change in warranty

Source: https://www.livemint.com/news/india/no-gst-for-free-part-change-in-warranty-11689697917659.html

CBIC clarified that the head office has the option to distribute among branch offices the credit for taxes paid on common services procured by it.

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28% GST on online gaming: Rajeev Chandrasekhar says will go back to GST Council to review
  • 18 Jul 2023 06:21 PM

28% GST on online gaming: Rajeev Chandrasekhar says will go back to GST Council to review

Source: https://www.livemint.com/economy/28-gst-on-online-gaming-rajeev-chandrasekhar-says-will-go-back-to-gst-council-to-review-11689610006449.html

India's Minister of State for Electronics and Information Technology, Rajeev Chandrashekhar, has said that the ministry will ask the GST Council to reconsider the decision to impose a 28% tax on funds collected by online gaming companies

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Rajeev Chandrasekhar says will request GST Council to reconsider 28% tax on online gaming
  • 18 Jul 2023 06:25 PM

Rajeev Chandrasekhar says will request GST Council to reconsider 28% tax on online gaming

Source: https://www.livemint.com/news/india/rajeev-chandrasekhar-says-will-request-gst-council-to-reconsider-28-tax-on-online-gaming-11689620386671.html

Chandrasekhar said that the GST Council, which was a federal body had been working on the issue for the past three years while the regulatory framework for online gaming only began in January 2023

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Delta Corp up 2.5% Nazara Tech up 2% on GST on online gaming rethink
  • 18 Jul 2023 06:28 PM

Delta Corp up 2.5% Nazara Tech up 2% on GST on online gaming rethink

Source: https://www.livemint.com/market/stock-market-news/delta-corp-up-2-5-nazara-tech-up-2-on-gst-on-online-gaming-rethink-11689652647406.html

Shares of Nazara Technologies and Delta Corp rise as the GST Council plans to review its decision to impose a 28% tax on online gaming. The ministry of electronics and IT will ask for a reevaluation of the tax after the regulatory framework for online gaming rules is developed.

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