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With the majority of initial challenges, such as online portal glitches, invoice matching issues, and delays in refunds, largely addressed and monthly revenue consistently exceeding Rs 1.6 lakh crore, experts suggest that the government is poised to advance the second-generation reforms in the GST. In the upcoming interim budget presentation on February 1, Finance Minister […]
the National Restaurant Association of India appealed to the government to reinstate input tax credit for restaurants. Additionally, they recommended an increase in the GST rate existing 5% to 12% in anticipation of the upcoming Union Budget. In a letter addressed to Finance Minister Nirmala Sitharaman, the National Restaurant Association of India emphasized the need […]
With the increasing demand on the back of its cost-effective pricing alternatives as well as flexible work environment, the coworking industry has been gaining momentum. Notably, enterprises and corporations are redirecting their attention to coworking spaces, in line with the adoption of the hybrid work model to address their organizational requirements. The commercial real estate […]
Amid ongoing concerns about tax notices and the strain on High Courts due to litigation, experts in the industry emphasize the necessity of establishing Goods and Services Tax (GST) Appellate Tribunals. The imminent presentation of the sixth Union Budget by Finance Minister Nirmala Sitharaman, under the Modi government on February 1, 2024, arrives amidst the […]
The upcoming interim budget slated for announcement on February 1 might include an increase in the tax rebate to Rs 7.5 lakh from the existing Rs 7 lakh in the new income tax regime, as per a report from Mint citing sources familiar with the discussions. If implemented, individuals earning Rs 7.5 lakh, after a […]
As India awaits Finance Minister Nirmala Sitharaman’s 6th Union Budget, to be presented in Parliament dated February 1, 2024, the nation’s real estate sector, certainly for the affordable housing segment, is poised in expectation. To realize the vision of the government for ‘Housing for All,’ experts and industry leaders have shared their thoughts asking for […]
On February 1, 2023, Finance Minister Nirmala Sitharaman will begin delivering the Union Budget 2023-24. Middle-class taxpayers are anticipating for big tax reduction from Finance Minister this time, despite high prices and a global slump. Some of the requests of Indian income taxpayers include an increase in the basic income tax exemption level, a bigger […]
The retail industry plays a major role in supporting the Indian economy. In former 10 years, the need for online platforms would have surged at the speed of the sector, and offline retail would successively see a fall. But the sudden covid-19 has impacted the industry, the industry would have recovered almost from its impact […]
Everyone was concerned about the union budget 2022 and now it is finally out. FM Nirmala Sitharaman reflects various reasons for an effective future. The budget speech and the economic survey in 2021 show the economic revival of the country after the pandemic. Also, the deficiencies have been diminished, revamp in the foreign exchange reserves, […]
