Page 11 - Indivjal Dhasmana

Finance Commission confronts fiscal prudence challenges with minimal ToR

Experts say minimum ToR issued to avoid controversies and simplify state memoranda

HC gives interim relief to BMW over GST notice on salaries paid to expats

However, salaries directly paid by Indian companies to expat employees without reimbursement won't attract GST, as expats are then perceived as employees of the Indian company alone

Gauging impact of freebies promised in elections on state finances

While Telangana and Chhattisgarh are in a better position to offer freebies promised by parties in elections, Rajasthan is in a shaky situation to do so

Verdict 2023: State poll outcome blueprint for interim Budget 2024-25

The effective containment of the fiscal deficit in the first half of FY24 provides the government with leverage to announce pro-people schemes in the interim Budget

GST mop-up rises 15% to Rs 1.68 trn; two-wheeler sales enter fast lane

The 15 per cent Y-o-Y growth in November came despite weak external conditions

Major tax collections, barring personal income tax, decline in October

Centre's fiscal deficit till October at 45% of budget estimates, bit lower than last year's

HC rejects I-T reassessment proceedings beyond four-year limitation period

The ruling was given on a writ petition filed by an assessee challenging the reopening notice on capital gains issued by the income tax authorities

Monetary Policy Committee may have underestimated economic growth for Q2

Most economists peg it higher than 6.5%, numbers to come today

Centre extends PMGKAY free foodgrain scheme for another 5 years till 2029

Extending the scheme could provide some relief to the marginalised sections from high cereal prices

AAR under GST plagued by conflicting rulings, quality of orders

It is generally feared that AARs typically comprise deputy commissioner or joint commissioner rank of officials who give judgement in favour of authorities

Madras High Court sets aside govt's IGST refund denial order for Lenovo

The case is related to a partial denial of refunding IGST paid by Lenovo (India) on these sales between December 2019 and February 2020

HC questions order issued by GST authorities to cancel firm's registration

GST authorities had rejected application by a company for changing its main place of business

Raising receipts, accelerating economy's size key to address debt problem

The Centre's debt had risen by around ten percentage points of GDP during 2020-21 compared to the previous year, while the state's debt by little more than four percentage points of GDP

BS BFSI Summit: SFB chiefs call for building services to become universal

At BS BFSI Summit 2023, Ittira Davis, MD and chief executive officer (CEO) of Ujjivan Small Finance Bank, said, there is a roadmap right now indicating the eligibility to become universal banks

Assembly polls: Telangana must juggle finances without dropping the ball

Balancing freebies with fiscal prudence remains a critical challenge for the ruling Bharat Rashtra Samithi. INDIVJAL DHASMANA writes

Chhattisgarh reins in inflation at reasonable rates among poll-bound states

If the first six months of this financial year are taken into account, it was high inflation in Mizoram too though a bit less than the national average.

How interim Budget became a potent tool in the hands of poll-bound govts

Former Lok Sabha Secretary-General PDT Achary says it is not appropriate for a government facing elections to announce programmes and policy changes for the next year

India set to be world's third-largest economy by 2030, says S&P Global

By 2030, India's GDP is forecast to surpass Germany's too

Rajasthan's financial, economic landscape resembles a desert mirage

Gehlot needs to remember that while needs and wants are unlimited, resources are scarce

GST to be paid on gold coins, white goods given as incentives, rules AAR

Input tax credit can be claimed as such items are not gifts, says Telangana authority