18 Jan 2024 05:36 PM
New

Budget 2024: From removal of STT to crypto regulation, ICRA predicts these changes for markets, MFs and taxation

Source: https://www.livemint.com/money/personal-finance/budget-2024-expectations-stt-crypto-markets-taxation-mutual-funds-dividends-capital-gains-nps-life-insurance-11705481351271.html

ICRA Analytics anticipates several potential changes in the upcoming Interim Union Budget for the fiscal year 2025. The Budget will be announced on February 1, 2024. Since the general elections will be held in May, this will be the Interim Budget and a new Budget will be presented in July.

18 Jan 2024 05:29 PM
New

Tata Motors warns against lower GST for hybrid vehicles

Source: https://www.livemint.com/auto-news/tata-motors-warns-against-lower-gst-for-hybrid-vehicles-11705509294059.html

Any attempt to lower tax rates levied on hybrid cars will confuse the industry and “spread thin" the government’s efforts to achieve its net-zero objectives, a senior official of Tata Motors, the country’s leading passenger electric vehicle maker, cautioned on Wednesday.

17 Jan 2024 06:23 PM
New

Million electric bus plan nears gates of PMO

Source: https://www.livemint.com/news/india/million-electric-bus-plan-nears-gates-of-pmo-11705429414710.html

The Prime Minister’s Office (PMO) will take the final decision on a plan to replace a million diesel-run buses on Indian roads with electric options over the next decade through subsidies and other regulatory interventions, people aware of the matter said.

15 Jan 2024 05:19 PM

Budget 2024: NRAI calls for reforms in restaurant industry

Source: https://www.livemint.com/industry/budget-2024-nrai-calls-for-reforms-in-restaurant-industry-11705311996647.html

New Delhi: The National Restaurant Association of India (NRAI) has called for key reforms aimed at a comprehensive overhaul of the restaurant industry.

12 Jan 2024 05:32 PM

GST Council Newsletter for the month of December 2023

Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-december-2023.html

Welcome to the latest edition of the GST Council Newsletter, providing a comprehensive overview of key developments in the Goods and Services Tax (GST) landscape for December 2023. This issue highlights significant achievements, policy updates, and enforcement measures undertaken by the GST Council and associated authorities. From robust revenue collections to pivotal legal insights, this newsletter aims to keep you informed about the dynamic and evolving landscape of GST in India. Join us as we delve into the crucial updates shaping the taxation framework, fostering compliance, and driving economic growth.

12 Jan 2024 05:26 PM

In 2023, DGGI detected 6,323 cases involving evasion of duty of Rs. 1,98,324 crore

Source: https://taxguru.in/goods-and-service-tax/2023-dggi-detected-6323-cases-involving-evasion-duty-rs-198324-crore.html

Introduction: The Directorate General of GST Intelligence (DGGI) played a pivotal role in combating GST evasion in the year 2023. This article delves into the agency’s remarkable performance, highlighting key achievements, special initiatives, and the impact on sectors prone to non-compliance.

12 Jan 2024 05:18 PM

Credible India: There's much for us to talk about at Davos 2024

Source: https://www.livemint.com/opinion/online-views/credible-india-theres-much-for-us-to-talk-about-at-davos-2024-11704988630185.html

As we step into the new year, the World Economic Forum (WEF) Annual Meeting offers corporate leaders, policymakers and other stakeholders a chance to assess the year gone by and take stock of challenges and opportunities, extending to geopolitical developments, climate exigencies and economic hurdles. India has long had a significant presence at Davos and Indian industry has put together a formidable agenda aligned with the WEF’s theme of ‘Rebuilding Trust’ this year. India’s participation, led by Smriti Irani, minister of women and child development, includes many government dignitaries, while the Confederation of Indian Industry (CII) coordinates the business agenda. As this year’s theme, we are focusing on ‘Credible India.’

11 Jan 2024 06:11 PM

Budget 2024: Green energy sector pitches for GST cut, easier FDI norms. Here is the wishlist

Source: https://www.livemint.com/budget/expectations/budget-2024-green-energy-sector-pitches-for-gst-cut-easier-fdi-norms-here-is-the-wishlist-11704883054240.html

Union Budget 2024: With India’s ambitious clean energy targets reaching a fever pitch, all eyes of the renewable energy sector are set on the upcoming Union Budget 2024. Seen as a pivotal instrument in propelling the nation’s green agenda, the Budget holds the key to unlocking investments, streamlining policies, and accelerating the transition towards sustainable practices.

11 Jan 2024 06:15 PM

Budget 2024: Coworking sector seeks lower GST, infra boost, tax incentives from Finance Minister

Source: https://www.livemint.com/budget/expectations/budget-2024-coworking-sector-seeks-lower-gst-infra-boost-tax-incentives-from-finance-minister-11704954907960.html

The coworking industry has been gaining momentum with rising demand on the back of its cost-effective pricing alternatives and flexible work environment. Notably, major enterprises and corporations have shifted their focus to coworking spaces, aligning with the adoption of the hybrid work model to cater to their organizational needs.

11 Jan 2024 06:23 PM

E-Way Bill Changes: Mandatory e-Invoice Link from March 2024 – Advisory Withdrawn

Source: https://taxguru.in/goods-and-service-tax/e-way-bill-changes-mandatory-e-invoice-link-march-2024.html

Further Update on 10th January 2024: Advisory on Blocking the generation of E-Way Bill without e-Invoice/IRN has been withdrawn.

5th January 2024: Blocking the generation of E-Way Bill without e-Invoice/IRN details for B2B and B2E transactions for e-invoice enabled tax payers will be done from 1st March 2024.