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5 hours ago · The latest GST council meeting, held on 22 June 2024 set the stage for the announcements in the upcoming budget. The Council delved into multiple industry issues and addressed many matters ...
11 hours ago · Recognising this, the GST Council in its 53rd meeting held on 22 June 2024 recommended the introduction of an Amnesty Scheme (Scheme) offering conditional relaxation from payment of interest and/ or penalty with respect to the tax demands issued for FY 2017-18, 2018-19 and 2019-20 under section 73 of the GST law, i.e. cases, where there is no allegation of non/ short payment of tax on account of fraud, wilful misstatement, etc.
8 hours ago · We advocate for measures like a 5% GST rate for startups aimed at last-mile empowerment to improve access to critical financial services. With India’s fintech ecosystem to reach $70 billion in annual revenue by FY30. We are optimistic that the Government will implement supportive policies in the upcoming budget,'' said Mayank Thatte.
23 minutes ago · The Left government in Kerala announced waiving its GST share and royalty on raw materials for the Kollam-Sengottai Greenfield Highway and Ernakulam Bypass projects. Chief Minister Pinarayi Vijayan stated this decision supports enhanced road connectivity and infrastructure development. The government continues its commitment to addressing traffic issues by facilitating national highway construction.
3 hours ago · Budget 2024 Expectations LIVE Updates: Finance Minister Nirmala Sitharaman will announce the Union Budget 2024 on July 23. Laying a roadmap for the next five years, this will be the first Budget for the Prime Minister Narendra Modi-led NDA government after it secured a third consecutive term in the 2024 Lok Sabha elections. Earlier on February 1, Sitharaman tabled an Interim Budget due to the general elections. The Budget will be preceded by the Eco Survey on July 22.
17 hours ago · The assessee was permitted to produce documents supporting the contention that work was executed for Government entities By Aiswarya Krishnadas - On July 18, 2024 10:11 am - 2 mins read In a recent ruling, the Karnataka High Court has directed a re-adjudication to examine documents not previously furnished to prove the genuineness of a Government contract in the hospitalisation case of a GST taxpayer.
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11 hours ago · NEW DELHI: The full Union Budget 2024-25 is to be presented by the re-elected government on 23 July.The taxpayers’ expectations from the Union finance minister Nirmala Sitharaman are well known.
