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.
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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Read MoreStock market today: Sensex, Nifty 50 hit record highs led by Reliance, Tata Motors, ITC; mid, smallcaps falter
Read MoreGlobally, 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.
Read MoreShipping 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.
Read MoreThe 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.
Read MoreThe 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.
Read MoreNo major decision on tax rate rationalization is expected in the upcoming GST Council meeting, slated to be held in New Delhi on 9 September
Read More‘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.