- 13 Aug 2024 06:44 PM
- New
DGGI to scrutinize Infosys tax liabilities year by year, to take up FY19 next
This follows ₹32,400 crore tax dues claimed by the DGGI for the five years ended FY22.
The dispute hinges on whether reimbursements by Infosys' Indian headquarters to its overseas units constitute taxable service import.
- 13 Aug 2024 06:50 PM
- New
Govt to launch all-India drive to weed out fake GST registrations from 16 August
The two-month-long drive will detect suspicious or fake GST registrations and do a thorough verification to weed out entities engaging in fake invoicing
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- 12 Aug 2024 06:07 PM
- New
An action plan to ensure small businesses don’t fall short of credit
India’s 60 million micro, small and medium enterprises (MSMEs) employ over 110 million people, contribute nearly 30% of gross domestic product (GDP) and account for about 50% of exports.
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- 12 Aug 2024 06:04 PM
Policy hazard: Either-or taxation could send us down a slippery slope
Once upon a time, only story- tellers took it upon themselves to challenge Mark Twain’s quip that death and taxes were the two certainties of life. They came up with zombies, neither dead nor alive. Policymakers might be relatively new to the task, but did not take long to sap the certainty of taxation.
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- 12 Aug 2024 06:01 PM
Batchmates hail appointment of ‘disciplinarian’ Somanathan as cabinet secretary
New Delhi: The appointment of senior IAS officer T.V. Somanathan as the new cabinet secretary of India has been hailed by many of his colleagues and batchmates as the right choice to lead the country's bureaucracy.
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- 10 Aug 2024 06:10 PM
GST on health and life insurance: How much do tax rates impact your premiums? check here
GST on insurance: How much do GST rates impact your insurance premiums? Will they reduce after a possible rate cut? Check how the GST rate impacts your health insurance premiums.
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- 09 Aug 2024 05:36 PM
GST likely to be reduced on health and life insurance premiums: Report
The rate of goods and service tax paid on health and life insurance is likely to be reduced, according to a report. The government has collected nearly ₹24,000 crore as GST from the health and life insurance segment in the last three years.
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- 09 Aug 2024 05:42 PM
Bajaj Finance gets ₹341 crore GST ’evasion’ notice from DGGI, faces massive penalty bill: Report
Bajaj Finance is under scrutiny for allegedly evading ₹341 crore in taxes by mislabeling service charges as interest, risking an ₹850 crore penalty. The company faces accusations of wrongly categorizing charges to benefit from tax exemptions, as per reports.
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- 08 Aug 2024 06:20 PM
States should have heart to take call on removal of 18% GST on insurance: Nirmala Sitharaman
FM Nirmala Sitharaman told the Opposition in Lok Sabha that those demanding the removal of 18% GST on premiums on life and medical insurance should ‘first convince their respective state’s finance ministers', adding that opposition-ruled states ‘should make recommendations at the GST Council meet’.
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- 08 Aug 2024 06:10 PM
Pan masala makers to come under new penalty regime
The Central Board of Indirect Taxes and Customs set 1 October 2024 as the date for implementing the penalty regime for the pan masala industry for any violation in registering their machinery. A penalty of ₹1 lakh per machine has been imposed to deter tax evasion
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