- 07 Mar 2024 06:24 PM
- New
Finance Head of a firm arrested for GST evasion to the tune of Rs 88 crore
Introduction: The Ministry of Finance recently made headlines with the arrest of the Finance Head of a prominent firm for alleged GST evasion amounting to a staggering Rs 88 crore. This incident, which unfolded in Mumbai, has raised significant concerns about tax compliance and the enforcement of GST regulations.
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- 07 Mar 2024 06:16 PM
- New
Navigating the evolution of Input Service Distributor under GST
ISD scheme enables distribution of ITC received at one location across other branches of a company. It ensures that ITC is allocated in adherence to the prescribed documentation and other legal requirements.
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- 06 Mar 2024 06:01 PM
- New
Delhi should get its share of taxes from Centre, says FM Atishi
New Delhi: The Delhi state government should get a share of the union government’s taxes devolved to states as per a formula to be set by the Finance Commission, Delhi finance minister Atishi said on Tuesday.
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- 05 Mar 2024 06:04 PM
Govt likely to consider tax cuts on flex-fuel vehicles
New Delhi: The Union government is considering a demand for reducing taxes on flex-fuel, or dual-fuel, vehicles, a move that could accelerate the push for cleaner transportation.
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- 05 Mar 2024 05:57 PM
Make tax system more open, efficient: Nirmala Sitharaman to officials
New Delhi: Finance minister Nirmala Sitharaman on Monday asked Goods and Service Tax (GST) officials to work towards making the tax regime more transparent and efficient, while also leveraging technology to step up user experience and preventing evasion.
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- 04 Mar 2024 05:49 PM
‘India worse than Pakistan,’ Rahul Gandhi accuses PM Modi of ‘finishing’ small businesses
Rahul Gandhi believes Prime Minister Narendra Modi has “finished" small businesses in India. He, during a speech in Madhya Pradesh, was speaking about India's unemployment woes. He mentioned that India’s unemployment had surpassed Pakistan, Bangladesh and Bhutan.
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- 02 Mar 2024 05:31 PM
Ministry of Finance: ₹1.68 Trillion GST Collection Surpasses Expectations
Source: https://taxguru.in/goods-and-service-tax/ministry-finance-gst-collection-feb-2024-analysis.html
The Ministry of Finance recently announced impressive figures regarding the Goods and Services Tax (GST) revenue collection for February 2024. With a substantial increase in collections compared to the previous year, the data underscores positive economic trends and fiscal stability. This article delves into the specifics of the announcement, analyzing the figures and their implications.
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- 02 Mar 2024 05:25 PM
Improved tax collections, manufacturing bolster India's economic growth credentials
New Delhi: The Indian economy's sharp acceleration in the December quarter has been bolstered by equally impressive tax collections and growing momentum in manufacturing.
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- 01 Mar 2024 06:23 PM
State-level rumbles in the Indian federation: Can the 16th FC help?
These are tumultuous times, with the resurgence of farmer unrest. Earlier in February, there was a state rebellion about unfair fiscal treatment by the Union government which was more worrying, and not just because the chief ministers of aggrieved states staged a street protest in Delhi.
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- 01 Mar 2024 06:14 PM
General Elections 2024: Investing before polls can be strategically advantageous, says Franklin Templeton
With India on the brink of a pivotal election and incumbent Prime Minister Narendra Modi vying for a historic third term, investment management company Franklin Templeton (FT) observed that investing before elections can be strategically advantageous.
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