GST return filing: The last date for filing December GSTR-1 is January 13, while taxpayers opting for quarterly payment under the QRMP scheme for the October-December period will be January 15.
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Budget 2025 Expectations: The EV industry expects the Union Budget 2025 to address GST simplification and inverted tax issues. Proposals include incentives for local battery manufacturing and consumer subsidies to enhance EV accessibility, aligning with India's goal of a 30% EV market share by 2030.
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From the extension of the GST return filing and payment deadline to the 90-hour work week debate to PM Modi's podcast debut with Nikhil Kamath to Los Angeles wildfires, here are today's top stories.
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Shares of Delta Corp climbed by as much as 7 per cent on January 10 after the Supreme Court put a hold on GST show cause notices amounting to ₹1.12 lakh crore issued to online gaming companies.
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GST Network wrote on X handle that it has sent an incident report to CBIC (Central Board of Indirect Tax) to consider an extension of the deadline, which is set to expire on Saturday.
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The stay aims to prevent expiration of notices and address concerns from both gaming companies and the revenue department.
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Congress leader Pawan Khera terming GST as Gabbar Sitharaman Tax. He emphasized the negative effects on middle-class families and farmers, and noted that even after 90 months, new circulars are being introduced.
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United Spirits receives ₹1.13 crore GST notice from the Kerala government. The company has decided to appeal to higher authority, as per BSE filing. Shares closed lower on January 8.
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India faces macroeconomic challenges, including weak GST growth and currency fluctuations, according to InCred. However, optimism remains for IT and pharmaceutical sectors. The upcoming Union Budget is crucial for implementing fiscal measures to support growth amid these uncertainties.
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Patna, Jan 5 (PTI) The government should reduce GST on cement to 18 per cent from 28 per cent and take some policy measures in the upcoming Budget to boost consumption of this key building material, a senior official of JK Lakshmi Cement said.
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