Page 8 - Indivjal Dhasmana/ Pti

FM Sitharaman calls for clarity on GST classification-related issues

CBIC gave a presentation that it has detected fake input tax credit claim of Rs 1.14 trillion from the year 2020 till date

Will legalising MSP reduce import Bill of edible oils and pulses?

Contrary to popular perception, India has a trade surplus in agriculture and allied activities, which stood at $18.65 billion during 2022-23 against $15.92 billion in the previous year

GST mop-up rises over 12.5% to Rs 1.68 trn, car sales remain strong

The manufacturing sector, too, gathered momentum in February on the back of expansion in new export orders and easing of pricing pressures

Monsoon woes: Farm sector contracts in Q3, a first in 19 quarters

The growth stood at 5.2 per cent in the third quarter of 2022-23 which also played a part in pulling down agriculture and related sector's GVA

Centre releases third instalment of Rs 1.42 trillion to states in February

The Centre generally releases 14 instalments to the states in a year, one each in 11 months and three in March. The latest release is yet another additional devolution

Rich state, poor state: Tax devolution by per capita income or population

Tax devolution shares, which threaten to create a north-south divide among states, may have more to do with per capita income, and not so much with population

Politicians to economists, the changing composition of Finance Commissions

The govt is in the process of appointing a member in place of Niranjan Rajadhhyaksha, the executive director at Artha Global, who resigned from the Commission earlier this month

16th FC chairman Panagariya warns against pitfalls of import substitution

On why countries with low per-capita incomes, such as India, must focus on exports, Panagariya explained how the global export market was worth $32 trillion in 2022, almost ten times India's GDP

Petty dispute relief scheme: Govt to waive interest, fee, penalty, too

The withdrawal does not entitle taxpayers to take credit or refund

Banking norms likely to shield information on electoral bond buyers

Govt unlikely to issue Ordinance

ITAT's relief to Congress after nine bank accounts 'frozen' claim

Sources said that it was not the accounts that were frozen, but an amount of around Rs 115 crore, which remains attached

No TDS on minimum guarantee paid by OYO Rooms to hotels: ITAT

OYO Rooms assures minimum benchmarks, occupancy of hotels and in case such benchmark is exceeded, the service fee is payable by the hotel and in case of shortfall

Orissa High Court asks AAAR to revisit GST levy on Go Cool outlets

The case relates to a company called Pioneer Bakers, which operates its outlets under the brand name of Go Cool

SC issues notice to central govt on GST anti-profiteering provisions

Petitioner appeals against Delhi HC order upholding provisions; more companies may approach apex court

Direct tax collections stand at 80% of revised estimates till Feb 10

Growth in both corporation tax and personal income tax was more than the asking rate under RE

We are more federal than UPA, says NDA government's White Paper

The transfer of these resources to states constituted 3.36 per cent of gross domestic product (GDP) during UPA rule against 4.24 per cent during NDA rule so far

North-South divide: Decoding unfair tax money devolution to southern states

The row over depriving southern states of their share picks up steam with Karnataka Congress leaders' protest

System in place to fix reconciliation row over tax payments: Revenue secy

Malhotra speaks of the Paytm probe, goods and services tax on online gaming companies, and revenue projections

Average monthly GST collection may touch Rs 1.7 trn in FY25: CBIC chairman

Customs duty collection may go up if global activities improve but targets can be pegged on the basis of trends only, he says

60% may shift to new tax regime in FY24: CBDT chairman Nitin Gupta

'No extension of concessional corporation tax rate for new manufacturing units'