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Mutual funds collects ₹63,854 cr via new fund offers in 2023

Asset management companies launched 212 new fund offerings mobilising Rs 63,854 crore in 2023, marg…

PTI   


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1 min read

SC stays K'taka HC decision quashing Rs 21,000 cr GST notice to online gaming platform

The Supreme Court on Wednesday stayed the judgment rendered by the Karnataka High Court which had q…

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3 mins read

Online gaming industry says 28% GST makes operations unfeasible

The online gaming industry woke up expecting a bad day on Dalal Street after the 50th GST Council a…

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4 mins read

India is betting on casinos, online games and horse races to fill its coffers

Online betting, gambling, casinos and horse racing have long been treated ‘unfairly’ by the Indi…

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2 mins read

India may expand taxes on crypto beyond IT and TDS – government reportedly mulling 28% GST

The crypto industry has already been buckling under income tax and TDS. Trading volumes in India fe…

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3 mins read

Indian government collected ₹1.30 lakh crore in GST

The revenue for October is also the second highest ever since introduction of GST, second only…

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1 min read

This is how much the government earned from GST in September

The Finance Ministry revealed that the government collected Rs 92,150 crore as Goods and Services T…

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2 mins read

Whole wheat 'parota' will not be subject to 18% GST rules Karnataka appellate authority

The authority was approached by ID Fresh Food (India) Pvt. Ltd, a food products company involved…

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2 mins read

Government allows 20 states to meet GST compensation shortfall through open market borrowing

Even with consensus eluding the GST Council meeting on Monday over adoption of borrowing option to …

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2 mins read

GST compensation deadlock continues — government to release ₹20,000 crore cess tonight and offers relief for small companies

The 42nd meeting of the GST Council led by Finance Minister Nirmala Sitharaman stretched over seven…

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3 mins read

Buying NFTs may get more expensive for Indians as the government mulls over double taxation

Non-fungible tokens (NFTs) have become a buzzword in India, even among those who may not necessaril…

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3 mins read

GST exemption on domestic supplies, commercial imports of COVID drugs to make them costlier, says Finance Minister Nirmala Sitharaman

From the GST collected on vaccine, half is earned by the Centre and the other half by the St…

PTI   


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1 min read

Earning income by renting commercial properties? Be ready to shell out GST. Here are the details

Rental income received from residential house is exempt. But if you have given your unit to commerc…

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6 mins read

Indian government’s budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash

The Indian government has proposed several changes to the Cigarettes and Other Tobacco Products …

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3 mins read

Kotak Mahindra Bank still on ‘alert’ as profit improves 27% over the last three months

Kotak Mahindra Bank (KMB) is still on ‘alert’ as it recovers from the COVID-19 impact. In the three…

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5 mins read

Finance Minister Nirmala Sitharaman’s tribute to the late Arun Jaitley is also coming ahead of a tough GST Council meeting where states will ask for money

SBI, ICICI Bank, Axis, Kotak and others have plans to raise $14 billion — but if things go haywire,…

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1 min read

GST collections at Rs 1.05 lakh cr in Feb

"The gross GST revenue collected in the month of February, 2020 is Rs 1,05,366 crore of which CGST…

PTI   


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1 min read

Petrol and diesel should come under GST, says industry body Assocham

Petroleum products should be brought under the Goods & Services Tax (GST) ambit, according to i…

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4 mins read

Lower rates alone will not stop GST evasion — simpler rules will

However, 20 months after it was introduced in July 2017, it has failed on both counts. Let’s tak…

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1 min read

Interest on PPF, savings bank deposit to be included for calculating GST registration threshold: AAR

The AAR, while ruling that interest income would be included for calculating registration threshol…

PTI