Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Till after the 2024 general elections’ major announcements may be held. The forthcoming interim union budget shows the chance to address the lingering subjects and set the phase for the coming economic growth. This budget seems to prioritize fiscal discipline and prevent populist measures. In the domain of the personal income tax, there is optimism […]
An examination of the budget expectations among senior citizens highlights their concerns regarding accessible infrastructure and the high Goods and Services Tax rates applied to various services and products essential for the elderly, among other issues. A new survey conducted by the well-known foundation involving interactions with 10,000 elderly individuals nationwide, the analysis sheds light […]
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 […]
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 […]
The government has revived efforts towards GST rate rationalization, evident in the reformation of the ministerial group within the GST Council. This group, previously tasked with streamlining the intricate tax structure and adjusting its multiple rates, had been dormant following changes in political dynamics. Initially led by former Karnataka CM Basavaraj Bommai, it went inactive […]
A finish of GST exemption has been offered by the leading government think tank also the authorities have not taken any action for the last 6 months. The National Institute of Public Finance and Policy (NIPFP) study contends for drawing all the goods and services under the tax regime since the rich are obtaining more […]
A recent report has brought attention to the current status of state finances, emphasizing the persistent deficit in budget revenue. The report underscores that this deficit is causing limitations in capital outlay, particularly impacting the allocation of funds for developing assets. Furthermore, the report highlights the necessity of rationalizing the goods and services tax (GST) […]
The 7-member GST rate rationalization panel is anticipated to see Uttar Pradesh Finance Minister Suresh Kumar Khanna as its convenor, according to an official source. There are expected replacements in the Group of Ministers (GoM), where West Bengal Finance Minister Chandrima Bhattacharya and Bihar Finance Minister Vijay Kumar Choudhary will take the positions formerly held […]
