Daily Latest News
Budget 2025 Expectations Live Updates: With less than a week to go until the Union Budget presentation, industry stakeholders, experts, and economists are closely watching for key reforms and announcements from Finance Minister Nirmala Sitharaman. The Budget comes at a time of subdued economic momentum, a weakening rupee, and ongoing geopolitical uncertainties. As a result,…
New Delhi: Riding on expanding fleet size and GST rationalisation, India’s domestic aircraft maintenance, repair and overhaul (MRO) industry is likely to see its revenue surpass Rs 4,500 crore in fiscal 2026 (FY26), clocking an impressive 50 per cent growth over fiscal 2024, a report said on Monday. The increase in scale will enhance profitability…
India Budget 2025 Expectations Live Updates: Industry stakeholders eagerly await Finance Minister Nirmala Sitharaman’s upcoming Union Budget, with one key question on everyone’s mind: Will the Budget stimulate consumption, boost GDP growth, and provide tax relief to the common man and salaried individuals? Each year, the middle class looks to the Finance Minister for tax…
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance has issued a circular announcing fee waiver for late or delayed filing of GSTR-9C. In a circular the CBIC said, “In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12…
GST Rule 2025: The Central Board of Indirect Taxes and Customs has notified an amendment to GST rules to issue TIN to entities that are not required to register under the GST Act but need to make payments under some specific provision. |Last Updated: Jan 24, 2025, 02:12 PM is|Source: PTI Source link [ad_3]
New Delhi: Bringing a huge relief for the GST taxpayers, the government on Friday (January 11) extended the deadline for filing monthly GST sales return form GSTR-1 and GST payment by 2 days amidst numerous claims by taxpayers who reported that filing of GST was not possible due to technical glitches in the GSTN system….
Last Updated:January 10, 2025, 4:32 PM IST A bench of Justices J B Pardiwala and R Mahadevan said the matters required hearing and all proceedings against the gaming companies should remain stayed in the meantime. Supreme Court (PTI Image) The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1…
Last Updated:January 01, 2025, 4:13 PM IST After adjusting refunds, net GST collection in December 2024 increases by 3.3 per cent to Rs 1.54 lakh crore. GST collection in December 2024. Gross GST collections in December 2024 stood at Rs 1,76,857 crore, which is 7.3 per cent higher as compared to last year, according to…
New Delhi19 minutes ago copy link Finance Minister Nirmala Sitharaman has said that GST has not imposed tax on essential items. Before GST, states had their own systems like Value Added Tax (VAT) and Excise Duty. Therefore, it is wrong to say that due to GST your soap, oil and comb are taxed. I can…
New Delhi: The Finance Ministry’s Department of Expenditure (DoE) has enabled the real-time, transparent distribution of funds for 1,206 schemes covered under Direct Benefit Transfer (DBT) in FY 2024-25, processing transactions worth a record Rs 2.23 lakh crore, according to a year-end report released on Friday. “This initiative has supported the Digital India mission by…