- 27 Jan 2025 06:22 PM
- New
Budget needs to rationalize taxes for hospitality sector, says hotels association head Kachru
The hotel sector advocates for lower GST rates and infrastructure status to alleviate costs and boost competitiveness. With rising demand for hotel rooms, these reforms are crucial for attracting investments and supporting India's tourism vision for 2047.
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- 27 Jan 2025 06:12 PM
- New
Fake GST violation notices on the rise, CBIC warns taxpayers: How to check? What to do next? Know here
The Finance Ministry has issued a warning regarding fake GST violation notices created by fraudsters. These notices appear authentic due to the use of the CBIC's logo and DIN, prompting taxpayers to verify authenticity and report any suspicious documents.
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- 27 Jan 2025 06:17 PM
- New
Budget 2025 Expectations LIVE: Income tax slabs, capex allocation and GST rationalisation on wishlist
Budget 2025 Expectations LIVE: Corporate India is seeking tax reforms, lower GST rates, regulatory updates, and anticipating various capex allocation announcements in Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025. Taxpayers are keenly watching for some relief for the middleclass amid the current economic situation.
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- 25 Jan 2025 06:06 PM
CBIC Warns Against Fraudsters Issuing Fake GST Violation Summons
CBIC has cautioned taxpayers about fraudsters issuing fake summons for GST violations, resembling official documents by using the CBIC logo and fake Document Identification Numbers (DIN). Taxpayers can verify the authenticity of any communication, including summons, via the ‘VERIFY CBIC-DIN’ tool on the CBIC website (https://esanchar.cbic.gov.in/DIN/DINSearch). If a communication is identified as fake, taxpayers should promptly report it to the relevant DGGI or CGST office for action. This measure aims to prevent fraud and protect taxpayers. The CBIC’s Circular No. 122/41/2019-GST outlines mandatory DIN usage on official communications.
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- 24 Jan 2025 05:35 PM
Tax-policy reforms have a huge role to play in Viksit Bharat journey
As we embark on our journey to achieve the vision of ‘Viksit Bharat by 2047,’ there is little doubt that tax policy will play a key role in realizing it.
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- 23 Jan 2025 06:27 PM
Centre likely to stay committed to fiscal consolidation in Union Budget: CareEdge Ratings
Sachin Gupta, Chief Rating Officer, CareEdge Ratings, stated, "The budget is likely to focus on supporting consumption, boost manufacturing competitiveness to support job creation and tap the demographic potential, emphasis on agriculture via higher allocation for agri r&d, farmers' welfare and policy reforms, continued capex emphasis to close india's infrastructure gap in areas like power, and transportation, and fiscal discipline with focus on reducing the debt-to-gdp ratio."
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- 22 Jan 2025 06:24 PM
Budget 2025 | Why cutting income tax could be a win-win for the government
Finance minister Nirmala Sitharaman’s eighth union budget, set to be presented on 1 February, provides a critical opportunity to boost Indian economy's slowing consumption momentum through income tax cuts. There is a compelling case for this move: tax relief announced in the budget in July last year offered minimal benefits to low-income groups and, when adjusted for inflation, worsened the situation for high-income groups, a Mint analysis showed.
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- 22 Jan 2025 06:28 PM
Union Budget 2025: Top 10 moves that could benefit every middle-class homebuyer
Union Budget 2025: Real estate sector experts anticipate policy measures to address financing, taxation, and infra issues, which are crucial for the sector's recovery and long-term growth.
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- 22 Jan 2025 06:30 PM
BTL EPC Ltd Secures Back-to-Back Orders Worth ₹1200 Crore (including GST) from Adani Power and NTPC
With its unwavering focus on engineering excellence, timely execution, and sustainable practices, BTL EPC Ltd continues to build its legacy as a trusted partner in India’s industrial growth.
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- 22 Jan 2025 06:16 PM
Strategic budget interventions can position Indian pharma for global leadership
Finance minister Nirmala Sitharaman is all set to present the budget for FY26 on 1 February. The upcoming Union budget presents a unique opportunity to accelerate the growth of India’s pharmaceutical and life sciences sector. By allocating substantial funds for healthcare, enhancing the accessibility and affordability of life-saving medicines, prioritizing cutting-edge research, and advancing infrastructure, the government can drive growth, foster innovation, and boost global competitiveness in this vital sector.
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