NRIPage | Articles | #direct-tax-code | Get Latest Political News & Updates, Sports News, Latest NRI News & Updates, Latest International News & Updates in India, USA & other countries around the world in

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

Finance & Economics

20 Dec 2024 08:57 AM 931 views

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

Union Finance Minister Nirmala Sitharaman will chair the 55th GST Council meeting in Jaisalmer, Rajasthan, on Saturday, December 21. This meeting will focus on several important discussions related to the Goods and Services Tax (GST) in India. The agenda includes deliberations on taxability issues concerning food delivery platforms such as Swiggy and Zomato, and potential changes to GST rates on products like health insurance premiums, life insurance, wristwatches, shoes, and apparel. The cou

Finance & Economics

Impact of New GST Slab Proposal on Sin Products and India's Economy

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

Business

19 Dec 2024 10:20 AM 994 views

Impact of New GST Slab Proposal on Sin Products and India's Economy

India introduced the Goods and Services Tax (GST) in 2017 to simplify the tax structure and reduce the tax burden. Recent data shows that the gross GST collection for October 2024 rose by 9% to ₹1.87 lakh crore, a record second-highest figure. However, a recent proposal by the Group of Ministers (GoM) on GST Rates Rationalisation suggests a new 35% GST slab on products like aerated drinks and tobacco, which has raised concerns. The proposal aims to target 'sin' products such as thos

Business

Bangladesh Accuses Adani Power of Breaching Deal Over Tax Benefits and Payments

Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern

Business

19 Dec 2024 10:33 AM 2.46k views

Bangladesh Accuses Adani Power of Breaching Deal Over Tax Benefits and Payments

Bangladesh's interim government has accused Adani Power of breaching a multi-billion-dollar agreement related to the supply of electricity from its coal-fired plant in India. The dispute centers on Adani Power withholding tax benefits that the power plant was entitled to under the agreement. The Indian company signed a deal with Bangladesh in 2017 to supply power from the Godda plant, but Dhaka claims that Adani Power failed to pass on the tax exemptions it received from the Indian govern

Business

India Hits $1 Trillion in Foreign Direct Investment

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

Business

13 Dec 2024 07:24 AM 1.06k views

India Hits $1 Trillion in Foreign Direct Investment

India has achieved a major milestone by surpassing $1 trillion in Foreign Direct Investment (FDI) since the turn of the century. Latest data from the Department for Promotion of Industry and Internal Trade (DPIIT) reveals that from April 2000 to September 2024, India attracted a total of $1,033.40 billion in FDI. This surge underscores India’s growing appeal as a global investment hub. Significant contributions have come from countries like Mauritius (25%), Singapore (24%), an

Business

President Biden Pardons Son Hunter Biden Amid Legal Challenges

US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution. Biden stated that he had pr

General

02 Dec 2024 01:20 AM 845 views

President Biden Pardons Son Hunter Biden Amid Legal Challenges

US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution. Biden stated that he had pr

General

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Finance & Economics

28 Nov 2024 08:23 AM 1.01k views

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

The Finance Ministry is set to review the windfall tax on fuel exports, including petrol, diesel, and Aviation Turbine Fuel (ATF), following the stabilization of global crude oil prices. The tax, introduced in July 2022, was implemented to address the substantial profits earned by oil refiners exporting fuel, which had an impact on domestic supplies. The review will assess the tax’s effectiveness and the revenue it has generated, with the Ministry of Petroleum and Natural Gas already re

Finance & Economics

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

Business

01 Oct 2024 10:34 AM 934 views

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

In a positive sign for the Indian economy, the Goods and Services Tax (GST) collections for September 2023 increased by 6.5% year-on-year, totaling ₹1.73 lakh crore. This marks a rise from ₹1.63 lakh crore collected in September of the previous year. The net GST collection after refunds stood at ₹1.53 lakh crore, showing a growth of 4% compared to ₹1.47 lakh crore in September 2022. So far this fiscal year, the government has recorded a gross GST revenue of ₹10.87 lakh cro

Business

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

A panel of state ministers, established by the Goods and Services Tax (GST) Council, is set to convene in Goa on September 24 and 25. This six-member group, led by Bihar Deputy Chief Minister Samrat Chaudhary, will review the implications of rate rationalization on at least 100 items. The discussions aim to analyze potential changes in GST slabs and rates, particularly focusing on essential goods. During the two-day meeting, the panel will explore various

Business

22 Sep 2024 12:00 PM 1.12k views

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

A panel of state ministers, established by the Goods and Services Tax (GST) Council, is set to convene in Goa on September 24 and 25. This six-member group, led by Bihar Deputy Chief Minister Samrat Chaudhary, will review the implications of rate rationalization on at least 100 items. The discussions aim to analyze potential changes in GST slabs and rates, particularly focusing on essential goods. During the two-day meeting, the panel will explore various

Business

Koratala Siva Sparks Debate on Taxpayer Privileges After Airport Incident

Koratala Siva, a renowned filmmaker in the Telugu film industry, recently drew attention with his remarks about taxpayer privileges during a podcast hosted by former IAS officer Jayaprakash Narayanan. Known for his successful directorial career, Siva shared a personal anecdote about an incident at the airport where he felt entitled to special treatment due to his high tax contributions. During the podcast, Siva recounted an experience where, due to a tight schedule,

General

17 Aug 2024 08:12 AM 1.16k views

Koratala Siva Sparks Debate on Taxpayer Privileges After Airport Incident

Koratala Siva, a renowned filmmaker in the Telugu film industry, recently drew attention with his remarks about taxpayer privileges during a podcast hosted by former IAS officer Jayaprakash Narayanan. Known for his successful directorial career, Siva shared a personal anecdote about an incident at the airport where he felt entitled to special treatment due to his high tax contributions. During the podcast, Siva recounted an experience where, due to a tight schedule,

General

Sign In

Health experts warn of another severe flu season and urge early vaccinations

FDA links infant botulism outbreak to ByHeart baby formula recall

Ready to Demolish My Own House: Revanth Reddy Defends HYDRAA and Challenges KTR

Unlocking Healthy Hair: Essential Tips for Maintenance, Prevention, and Styling

Louvre Heist Sparks Meme Fest: Internet Calls It Hrithik Roshan’s “Dhoom 2” Style Robbery

U.S. Rep. Doug LaMalfa of California dies at 65, leaving northern district in uncertainty

New Jersey’s Polar Bear Plunge: Dive into the Ultimate Winter Challenge!

Trump condemns killing of Indian motel manager in Dallas, blames Biden

Dublin Forest Park Launches Adopt-A-Tree Program Ahead Of 2025 Opening

China sets world record with 700 km/h superconducting maglev train test

#direct-tax-code

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

55th GST Council Meeting to Discuss Key Tax Issues in Jaisalmer

Impact of New GST Slab Proposal on Sin Products and India's Economy

Impact of New GST Slab Proposal on Sin Products and India's Economy

Bangladesh Accuses Adani Power of Breaching Deal Over Tax Benefits and Payments

Bangladesh Accuses Adani Power of Breaching Deal Over Tax Benefits and Payments

India Hits $1 Trillion in Foreign Direct Investment

India Hits $1 Trillion in Foreign Direct Investment

President Biden Pardons Son Hunter Biden Amid Legal Challenges

President Biden Pardons Son Hunter Biden Amid Legal Challenges

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

Finance Ministry to Review Windfall Tax on Fuel Exports as Crude Prices Stabilize

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Collections Rise 6.5% Year-on-Year to ₹1.73 Lakh Crore in September

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

GST Council Panel to Review Tax Structure for 100 Items in Goa Meeting

Koratala Siva Sparks Debate on Taxpayer Privileges After Airport Incident

Koratala Siva Sparks Debate on Taxpayer Privileges After Airport Incident

Health experts warn of another severe flu season and urge early vaccinations

FDA links infant botulism outbreak to ByHeart baby formula recall

Ready to Demolish My Own House: Revanth Reddy Defends HYDRAA and Challenges KTR

Unlocking Healthy Hair: Essential Tips for Maintenance, Prevention, and Styling

Louvre Heist Sparks Meme Fest: Internet Calls It Hrithik Roshan’s “Dhoom 2” Style Robbery

U.S. Rep. Doug LaMalfa of California dies at 65, leaving northern district in uncertainty

New Jersey’s Polar Bear Plunge: Dive into the Ultimate Winter Challenge!

Trump condemns killing of Indian motel manager in Dallas, blames Biden

Dublin Forest Park Launches Adopt-A-Tree Program Ahead Of 2025 Opening

China sets world record with 700 km/h superconducting maglev train test

Popular Cities