GST return filing changes: New thresholds, liability rules take effect from Sept
  • 02 Sep 2024 06:42 PM
  • New

GST return filing changes: New thresholds, liability rules take effect from Sept

Source: https://www.livemint.com/economy/gst-return-filing-changes-new-thresholds-and-liability-rules-to-take-effect-from-september-11725254557184.html

GST return filing changes: New thresholds and liability rules to take effect from September
Starting this September, taxpayers in India will face changes in their GST return filing requirements, potentially impacting compliance and financial reporting.

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Top news: Market cap of top 8 firms surges, GST collections, Andhra Rains
  • 02 Sep 2024 06:39 PM
  • New

Top news: Market cap of top 8 firms surges, GST collections, Andhra Rains

Source: https://www.livemint.com/market/ipo/ipo-flurry-set-to-continue-with-6-new-public-issues-11-listings-scheduled-for-next-week-check-full-list-here-11725166428348.html

IPO flurry set to continue with 6 new public issues, 11 listings scheduled for next week; check full list here
In the mainboard segment, the Gala Precision Engineering IPO will open for subscription on September 2. Meanwhile, the Baazar Style Retail IPO, which is currently ongoing, will close on September 3.

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Economy News Today highlights on September 1, 2024: GST collections increase by 10% to reach ₹1.75 lakh crore in August
  • 02 Sep 2024 06:30 PM
  • New

Economy News Today highlights on September 1, 2024: GST collections increase by 10% to reach ₹1.75 lakh crore in August

Source: https://www.livemint.com/economy/gst-collections-increase-by-10-to-reach-1-75-lakh-crore-in-august-11725193398253.html

Economy News Today highlights on : Stay informed with the latest information and news about the Indian economy, world economy, global indicators, government policy for the economy, and real-time insights on dynamic GDP growth with our live coverage. LiveMint is the one-stop hub for those looking for the latest economic news and willing to understand the intricacies and details of their impact on our daily lives. Catch real-time updates here.

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How India’s GST revenues can sustain their incline
  • 30 Aug 2024 06:14 PM

How India’s GST revenues can sustain their incline

Source: https://www.livemint.com/opinion/online-views/gst-collections-tax-reform-gst-revenue-gdp-growth-gst-filing-gst-evasion-gst-council-11725005081732.html

Globally, one of the widely tracked economic metrics is the tax-to-GDP ratio. Taxes comprise direct and indirect taxes. In India, the Centre’s gross tax revenue-to-GDP has increased and the share of indirect taxes in tax collections has decreased over the last decade.

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Shipping Corporation of India receives ₹160 crore GST demand notice for FY2020
  • 29 Aug 2024 06:48 PM

Shipping Corporation of India receives ₹160 crore GST demand notice for FY2020

Source: https://www.livemint.com/companies/news/shipping-corporation-of-india-receives-rs-160-crore-gst-demand-notice-for-fy2020-11724934805451.html

Shipping Corporation of India received a ₹160 crore goods and service tax (GST) demand notice from the Deputy Commissioner of State Tax, Government of Maharashtra, for the financial year 2019-20, on Thursday, August 29.

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Mint Explainer: Why Tiger Global’s win against the taxman is a major victory for Indian companies
  • 29 Aug 2024 06:44 PM

Mint Explainer: Why Tiger Global’s win against the taxman is a major victory for Indian companies

Source: https://www.livemint.com/companies/tiger-global-delhi-high-court-india-mauritius-double-tax-avoidance-agreement-dtaa-aar-trc-tax-evasion-flipkart-walmart-11724924988587.html

The Delhi High Court on Wednesday overturned the Authority of Advance Rulings’ order denying Tiger Global Management the benefits of grandfathering provisions under the India-Mauritius Double Tax Avoidance Agreement (DTAA) when it sold its investments in Flipkart in 2018.

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ICICI Prudential gets GST demand notice of ₹429 crore from Maharashtra tax authority
  • 28 Aug 2024 06:17 PM

ICICI Prudential gets GST demand notice of ₹429 crore from Maharashtra tax authority

Source: https://www.livemint.com/companies/news/icici-prudential-gets-gst-demand-notice-of-429-crore-from-maharashtra-tax-authority-11724769065389.html

The company will challenge the GST demand notice with the Commissioner (Appeals) within the prescribed timeframe, according to the statement. In addition to the GST demand, the notice also includes interest and penalties, as noted in the post-market exchange filing.

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Unified Pension Scheme will not be rolled back, says government official in response to trade union demand
  • 28 Aug 2024 06:14 PM

Unified Pension Scheme will not be rolled back, says government official in response to trade union demand

Source: https://www.livemint.com/politics/policy/unified-pension-scheme-ops-nps-gst-tax-rate-11724766437218.html

No major decision on tax rate rationalization is expected in the upcoming GST Council meeting, slated to be held in New Delhi on 9 September

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‘18% GST on health, life insurance is a burden,’ Derek O’Brien pens Sitharaman
  • 26 Aug 2024 06:14 PM

‘18% GST on health, life insurance is a burden,’ Derek O’Brien pens Sitharaman

Source: https://www.livemint.com/economy/gst-council-meeting-september-9-health-life-insurance-middle-class-derek-obrien-finance-minister-nirmala-sitharaman-11724567538849.html

‘18% GST on health, life insurance is a burden on 45 crore Indians’: Derek O’Brien pens Nirmala Sitharaman
TMC leader Derek O'Brien urges Finance Minister Nirmala Sitharaman to remove the 18% GST on health and life insurance premiums ahead of GST Council meeting on September 9.

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