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Search results for: GST impact

Union Budget 2022-23

FM Sitharaman’s 4th Budget 2022 Update on Income Tax and GST

Budget 2022 is all about to be presented on 1st February 2022 with lots of expectations to be projected on common people demand. The economic survey has defaulted on multiple schemes earlier and now the union finance minister is set to present the same. There are multiple expectations from the budget 2022-23 which will be […]

Education Sector Expectation from Upcoming Budget 2022-23

Edu Sector Expects GST Exemption, Cheap Loans & RTE Refund in Budget 2022

The budget 2022 season relies on people and similar to every year the experts from the sectors are sharing their list of wants within the Finance minister towards her acknowledgement. The education industry requires more attention because it influences the development and prosperity of the country. In the former budget, the government has made a […]

Resolving GST Issues & Tax Rate Structure in Budget 2022-23

Focus on GST Slab Rate Rationalisation in Budget 2022 for Economy

Before the Union Budget 2022 which is to be announced on 1st, Feb 2022 businesses see the amendments and the reliefs in context to the fiscal year. People are seeking economic recovery and simpler compliance because all see towards the investment for India which proceed to the faster-growing economy in the world while the others […]

GST - FIPI Expectation for Natural Gas in Budget 2022

FIPI Demands GST Rationalization of Natural Gas in Budget 2022

The government must draw the natural gas under GST compliance to discover the vision of the PM Narendra Modi on the subject of the economy of the gas and making the environment friendly fuel for India, the industry council that shows the likes of the Reliance Industries and the companies owned by the state. Natural […]

Bombay HC Notice Over Blocking of ITC

HC Circulates Fresh Notice to Center & MH Govt for GST ITC Blocking

The Bombay High court has provided the notices to the centre and Maharashtra government in context to the applicant where the subject seeks to announce as unconstitutional a provision in GST laws that provides the authority with a power to restrict the input tax credit (ITC) on the contract services inside the real estate. The […]

GST Compliance Guide for E-commerce Operators

Simple GST Guide to Reg, Returns, TDS/TCS for E-commerce Operators

There is no doubt that the online business or selling from the e-marketplace does not only become the most famous channel of running the business however this channel of selling or running the business becomes unavoidable for any business if the same needs to survive and raise in the coming years. The same provides the […]

Handloom Sector Demanding to Remove Taxes

AIHRF Urges FM to Remove GST and Taxes on Raw Material & Clothes

The traditional Handloom weavers who are suffering because of the livelihood crises seek for the central government to refuse the GST and additional taxes upon the cloths and raw material. A letter was written to the central finance minister Nirmala Sitharman by the weavers’ leaders (All India Handloom Rights Forum) which describes the hardships that […]

Insurance Industry Requirement in Upcoming Budget 2022-23

Insurance Sector Demands GST Rate Cut, 80C Limit in Budget 2022

The insurance industry is going from a typical time where the life insurance claims increase because of covid-19. The increase in the claims and the attendant payouts which life, as well as medical insurance firms, suffer 30% surge in premiums as reinsurers see towards recovering the losses. But the insurance premiums in India are still […]

Expect Low GST on Jewellery Items in Budget 2022-23

Budget 2022-23: GJC Assoc. Suggests FM for 1.25% GST from 3%

The All India Gem and Jewellery Domestic Council (GJC) requested the government to diminish the rate of GST (goods and services tax) to 1.25%. Inside the pre-budget 2022-23 suggestions to the central finance minister Nirmala Sitharaman said that GJC seeks the cumulative GST rate with 1.25% relied on the revenue equivalence principle on gold, precious […]

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