- 13 Dec 2023 06:16 PM
- New
GST Rates For Stationery Items And Online Education
Source: https://taxguru.in/goods-and-service-tax/gst-rates-stationery-items-online-education.html
Introduction: The recent response by the Minister of Finance sheds light on the GST rates for stationery items, primarily used by students, and the taxation on online education services. This article aims to dissect the reasons behind the GST rates and whether there are considerations for revisions.
Read More
- 13 Dec 2023 06:21 PM
- New
GST Collection 2022-23: States’ Share and Future Prospects
Source: https://taxguru.in/goods-and-service-tax/gst-collection-2022-23-states-share-future-prospects.html
Introduction: The Lok Sabha Starred Question No. 18* delves into the intricacies of GST collection and the devolution process for the financial year 2022-23.
Read More
- 11 Dec 2023 06:26 PM
- New
LIC gets GST demand and orders worth ₹183 crore for Telangana
The Life Insurance Corporation of India (LIC) on Monday received a GST order with interest and penalty of ₹183 crore for Telangana.
Read More
- 11 Dec 2023 06:23 PM
New companies are popping up away from old economic hubs
Close to 110,000 new companies were set up in the first seven months of the financial year. At this pace the number looks set to surpass the record set last year. Several factors are at play, but the big takeaway from a close look at the data is the gains recorded by smaller, traditionally weaker state economies in the incorporation of new companies in recent years.
Read More
- 08 Dec 2023 05:31 PM
SOP for verification of Inadmissible ITC of IGST reversal in GSTR 3B
Standard Operating Procedures for Monitoring Ineligible IGST Input Tax Credit Reversal by Taxpayers in Return Form GSTR 3B (SOP-1/2023)
Read More
- 08 Dec 2023 05:24 PM
Data recap: MLA profiles, bullish markets, forex
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. More than 37% of the MLAs elected in the recently concluded assembly elections in five states face at least one criminal case against them, and nearly 45% have assets worth ₹5 crore or more. Stock markets have seen a remarkable rally this week with investors gaining over ₹11 trillion in just four trading sessions in December.
Read More
- 07 Dec 2023 06:05 PM
Dream11 parent prepares war chest as it pivots M&A strategy
Sporta Techologies Pvt Ltd, which operates the sports platforms Dream Sports and Dream11, will fund potential acquisitions of $50 million to $100 million through internal accruals and could raise equity as well, cofounder Harsh Jain said in an interview.
Read More
- 07 Dec 2023 05:56 PM
Confident that GST issues will be resolved soon, says E-Gaming Federation chief
The E-Gaming Federation (EGF), a self-regulatory body for the online gaming industry, is confident that issues around the recent GST changes which increased companies’ tax burden will be resolved soon.
Read More
- 07 Dec 2023 05:59 PM
eGaming players remain bullish despite GST issues, demand more clarity on regulations
Online gaming companies have received 71 show-cause notices relating to Goods and Services Tax (GST) in FY23 and FY24 up to October, Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha on Tuesday, December 5. The update from the minister has received mixed responses from the eGaming sector.
Read More
- 07 Dec 2023 06:02 PM
Indian robotics is shackled by high duties. The government must free it
The government of India recently released a draft of the National Strategy on Robotics. Robotics has been receiving a lot of attention lately as one of the27 focus sectors under the Make In India 2.0 initiative. Here you can hear the union minister of electronics and information technology talk about the potential of AI and robotics in India.
Read More