A Conclave on ‘GST and Globalization’ was organized by the Federation of Telangana Chambers of Commerce and Industry (FTCCI) in the city. During the event, the industry body urged the Chief Minister and the State Finance Minister to raise the threshold limit for GST registration...
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In a recent development, the Rajasthan GST Department has released a Notification on February 08, 2024, unveiling the eagerly awaited Amnesty Scheme-2024. This initiative aims to grant substantial benefits to dealers and individuals by providing concessions on taxes and simplifying the resolution of outstanding demands...
In a bid to offset some of the impact on their margins hit by the 28% Goods and Services Tax (GST), over four months after it came into effect on October 1, the online gaming industry is looking to innovate and even incentivise users....
The finance parliamentary panel, led by MP Jayant Sinha, has proposed a reduction in the Goods and Services Tax (GST) on health insurance products for senior citizens and microinsurance products to below 18 percent, aiming to enhance affordability. In its report on the 'Performance review...
Revenue Secretary Sanjay Malhotra announced that the GST Council will reconsider the imposition of a 28 percent Goods and Services Tax (GST) on the full face value of online gaming, but not until after March 31. He clarified that the review will not occur during...
Starting from April 1, manufacturers of pan masala, gutka, and similar tobacco products could be subject to penalties of up to Rs 1 lakh if their packing machinery is not registered with GST authorities. This measure aims to tackle revenue leakage within the tobacco manufacturing...
The CBIC extends the last date for submission of feedback on the Harmonization of the GST Rate Schedule on Services and the Classification of Services adopted for GST. Please see the enclosed notice, published on the CBIC website on January 04, 2024, calling for feedback/ suggestions...
Stay updated with our monthly newsletter The ReCap! Get updates on latest tax regulations, changes in tax laws and expert insights to navigate the complex world of taxation. Simplify your tax planning and ensure compliance. Click on the icon below to access the complete newsletter....
The Interim Budget 2024-2025 was unveiled by Finance Minister Nirmala Sitharaman on Thursday amid a challenging economic climate, including inflation and potential GDP growth slowdown in FY25. The budget, presented in Parliament, aims to expand upon the progress made in previous budgets and the vision...
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