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Read MoreFinance Minister Nirmala Sitharaman stated on Saturday that out of 1,200 central and state government schemes, 1,100 are now under DBT, ensuring that money is transferred directly to the beneficiaries' bank accounts.
Read MoreA three-judge Supreme Court bench ruled that individuals accused under GST and customs laws would be entitled to the same legal protections as those accused under criminal law.
Read MoreGoogle Pay will now charge a convenience fee on utility payments made with credit and debit cards, ranging from 0.5% to 1% of the transaction value, including GST. This follows similar actions by PhonePe and Paytm, raising concerns among users about the future of electronic payments.
Read MoreLife Insurance Corporation of India received a goods and service tax notice from the State government of Delhi on February 24 asking for a ₹57.27 crore monetary sum. Shares of the PSU insurer closed lower after Monday's stock market session.
Read MoreCompanies News Today Live Updates on February 24, 2025: Get the latest updates on the company's financial performance, strategic acquisitions, and market shifts. Explore detailed insights on mergers, acquisitions, financial results, and leadership changes that are shaping the business landscape across industries.
Read MoreStock Market Today: ITC and Godfrey Phillips India share prices declined up to 3% in the morning trade on Thursday amid GST hike concerns. The news reports suggested that the government may be considering a GST hike on cigarettes and other tobacco products.
Read MoreSource: https://www.livemint.com/news/centre-weighs-single-law-to-regulate-online-gaming-11739958588728.html
The Centre plans to bring India's online gaming companies under a single regulatory framework, eliminating the patchwork of state-level laws that currently governs the sector, two people aware of the development said.
Read MoreVodafone Idea has received an order under the Central Goods and Services Tax (CGST) Act, 2017, dated February 18, requiring the payment of penalty and interest.
Read MoreKarnataka State Chartered Accountants Association (KSCAA) has presented a detailed representation to the CBIC Chairman, highlighting challenges faced in the GST registration process and proposing solutions to enhance efficiency and user-friendliness. Key issues include inconsistent documentation requirements between central and state authorities, logistical hurdles in biometric verification, inaccuracies in geocoding addresses, and lack of transparency in centrally allocated registrations. KSCAA suggests implementing uniform Standard Operating Procedures (SOPs), enabling biometric verification at local GST Seva Kendras, and integrating reliable mapping tools. They advocate for technology-driven solutions like online verification, SMS alerts for spot visits, and fast-tracking registration approvals within a stipulated time frame. KSCAA emphasizes the need for a case-by-case evaluation of applications, especially for home-based businesses, and urges clarity on landlord-tenant registration conflicts. Additionally, they recommend establishing redressal mechanisms for frivolous rejections and enhancing portal transparency to provide real-time updates and officer details. These measures aim to simplify the GST registration process, reduce delays, and support genuine taxpayers in compliance efforts.
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