Shrimi Choudhary

54th GST Council meet: GoM to decide future of GST compensation cess

Relief to foreign airlines, secretaries panel on IGST

Expected cost to exchequer likely between Rs 650 crore and Rs 3,500 crore

The GST Council may propose a pilot project for voluntary e-invoicing in select sectors for B2C transactions

GST Council agenda includes tax relief for foreign airlines, and clarity on a host of items such as car seats

Experts say increased refunds key factor but see robust growth ahead with start of festival season

More than 90 sections seen redundant; panel in line with Budget promise of comprehensive review

Cancellations of registration must be uploaded on I-T website by August 31

Tiger Global had sold its stake in Flipkart to Walmart during the year. It claimed exemption from capital gains tax on the sale under the DTAA

Fiscally prudent, funded within Centre's projections, stresses pension panel head

Approved by the Union Cabinet on Saturday, the UPS kicks in from April 1, 2025

The clarification comes in the wake of a recent debate on social media claiming that Indian regulators have stopped allowing local family offices to set up investment funds in its new finance hub

The July Budget reduced the import duty on gold from 15 per cent to 6 per cent, lowering input costs for jewellers and deterring smugglers

This move comes in response to several requests from foreign investors seeking to simplify the reporting requirements they currently face when exceeding the 10 per cent threshold

Asks fitment panel to submit findings on potential impact of rate changes to Council at Sep 9 meet

Alleged shortfall in tax paid, reversal of ITC among reasons

Initial data suggest undisclosed income to the tune of Rs 15,000 cr

At Rs 4.47 trn, personal income-tax mopup outpaced corporation tax

Dipam secretary Tuhin Kanta Pandey could be the next Finance Secretary

As on April 1 this year, the arrears demand has increased to Rs 43 trillion, from Rs 24 trillion on April 1, 2023

Statement comes in response to concerns over haircuts in insolvency cases