Popular Telugu actor and former Union Minister K Chiranjeevi on Tuesday praised Telangana President Rashtra Samithi and Prime Minister K Chandrasekhar Rao, also known as KCR, for announcing various sops for the film industry in his party’s manifesto for the Greater Hyderabad Municipal Corporation elections. Chiranjeevi’s appreciation for KCR comes …
Read More »Today the 15th Finance Committee presents its report: Key things to know
The 15th Finance Commission headed by NK Singh, the body that decides the actions of the Center and the states on all the nation’s taxes and revenues, will present its final report to President Ram Nath Kovind today (November 9). The report is unlikely to be made public anytime soon …
Read More »GST portal expanded to handle 3 lakh taxpayers at the same time
The Goods and Services Tax Network (GSTN) portal will now be able to handle twice the taxpayer traffic for filing returns than it used to after the GST infrastructure was upgraded to handle up to three lakh of users to the time. “The GSTN Portal now successfully handles almost double …
Read More »Reducing state tax shares may become the next big flash point
The issue of the goods and services tax (GST) offset controversy may have been postponed for now, but the Center and the states, on opposite sides in that debate, find themselves again in a similar position, this time on the Current situation. discussion of a possible review of the state’s …
Read More »‘I should be ashamed’: Uddhav Thackeray’s 7 bitter attacks on BJP, Center in Dussehra speech
Maharashtra Prime Minister Uddhav Thackeray stormed the Bharatiya Janata Party (BJP) and the Center on Sunday when he picked up various problems, from his promise of the Covid-19 vaccination survey in Bihar to what he called the failure of Goods and Services Tax Regime (GST). Thackeray, while speaking at his …
Read More »The government extends due dates for filing IT returns, audit reports, annual GST statement
New Delhi: The government said on Saturday that the due dates for filing income tax returns and tax audit reports for fiscal year 20 for various classes of taxpayers have been extended to give taxpayers more time to comply. The government also, with the advice of the federal tax body, …
Read More »GST collections can cross the Rs 1 lakh-crore mark for the first time in 8 months
Collections from the goods and services tax (GST), a barometer of economic health, are expected to exceed one million lakh crore rupees in October for the first time in eight months since the coronavirus disease (Covid-19) pandemic ) seized over India and forced a national shutdown. according to two officials …
Read More »Government Issues Clarification on Inquiries Related to LTC Cash Voucher Program
The government had introduced the equivalent special package in place of the leave travel concession fee for central government employees during the 2018-21 block. The Expenditure Department of the Ministry of Finance has published a list of clarifications on the recently introduced LTC cash voucher program. The clarifications will help …
Read More »The center transfers ₹ 6,000 crore as the first tranche to 16 states
To compensate for the deficit of the Goods and Services Tax (GST), the central government has borrowed and transferred ₹6 billion rupees as the first tranche to 16 states and union territories under a special debt window, the Finance Ministry said on Friday. The interest rate has been set at …
Read More »Trip to Dubai plus Apple iPhone 12 cheaper than buying a phone in India
Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 due to higher GST, customs duties in India TopicsApple | Apple iPhone If you’re looking to buy Apple’s new iPhone at a nearby showroom, think again. Because, the alternative is to travel …
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