Gst

Want additional 10% GST on diesel vehicles as they 'create a lot of pollution': Nitin Gadkari

Speaking at the 63rd Society of Indian Automobile Manufacturers (SIAM) Convention, Gadkari said he has kept a letter ready, which he would be handing over to Finance Minister Nirmala Sitharaman on Tuesday (12 September) evening to impose 10 per cent additional GST on diesel vehicles and all engines

Independence Day Special: Nuclear tests, liberalisation and more… The milestones that define India

India is marking its 76th year of Independence and it’s been a long and arduous journey. It has several achievements to its credit – from becoming a Republic in 1950, to becoming a nuclear power in 1974 and achieving social equality by striking down Section 377 and decriminalising homosexuality

'Billions Down The Drain': What do industry experts have to say on 28% GST on online gaming

With online gaming, betting and horse racing getting taxed at 28%, tech moguls and gaming platforms are not happy. Most of them fear that this will kill the industry and drive Indian gamers to illegal platforms

New GST rules: What's getting cheaper, what's getting more expensive?

The GST Council meeting held on 11 July announced some major changes. Bets placed in online gaming and casinos will now face a 28 per cent tax. Cancer-fighting drugs, food in theatres, and imitation zari threads will cost lesser

GST Council imposes 28% tax on turnover of online gaming firms

The issue before the GoM (group of ministers) was whether to impose a 28 per cent GST on the face value of bets, or gross gaming revenue, or just on platform fees

New GST rules in effect from today, businesses with over Rs 100 Cr turnover to upload  electronic invoices on IRP

“To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of reporting,” GST Network (GSTN) said.

Budget 2023-24 Expectation: Government must consider rejigging tax system to assuage burden of middle class

Since ‘two-thirds’ of the Indian population is tax-exempt and the ‘super rich’ in the population-pyramid being a handful, the claws of taxation squeeze the middle-class

Union budget 2023: Govt roadmap needed for sustainable growth in logistics sector, says industry leaders

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2023-24 in the Lok Sabha on February 1.

GST: Here’s everything about government rules, online registration process and required documents

Most states mandate restaurants with annual sales of more than Rs 20 lakh to register for GST. A restaurant in a state that falls under a special category must register for GST if its total annual revenue exceeds Rs 10 lakh

Here's why Ministers are recommending uniform 28% GST on online gaming, casinos, horse racing

The GST council has constituted a committee of the Group of Ministers (GoM) to examine the tax issues on online gaming and horse racing, and casino, while consulting with the state governments.