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GST Council to deliberate on taxation of insurance premium, report on online gaming tomorrow
The Council is likely to be apprised about the ongoing drive against fake registration, the success…
PTI
Gadkari asked states to pitch for reducing GST on flex engine vehicles
Union Minister of Road Transport and Highways, Nitin Gadkari, asked states to pitch for reducing GS…
ANI
Sitharaman urges tax officials to prevent doubts from escalating into grievances
Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect…
ANI
Note floated to seek distinction between online game of skill, game of chance for FDI
Certain quarters raise objections as they relate online gaming with gambling and betting. There are…
PTI
Centre seeks to amend GST Act to levy 28% tax on online gaming, casinos
The central government on Friday will seek the introduction and passage of the Central Goods and Se…
Ministers' panel may recommend 28% GST on online gaming with a revised calculation formula
Currently, online gaming attracts 18 per cent GST. The tax is levied on gross gaming revenue, w…
PTI
GST collections stood at ₹1,43,612 crore in August
The gross GST revenue collections in August witnessed a 28% jump year-on-year basis, as they stood …
GST had its hits and misses but made ₹1.3 lakh crore monthly tax, the new normal
Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essenti…
PTI
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…
Clear(Tax) has bagged $75 million from world's highest valued fintech startup Stripe and others to fuel its international expansion
Fintech software-as-a-service (SaaS) company Clear, formerly known as ClearTax, has raised $75 mill…
GST collections in July, at Rs 1.48 lakh crore, is the second highest ever
GST collection in July stood at Rs 1,48,995 crore, second highest since introduction of GST. The co…
Cloud kitchens are restaurants, ice cream is not food and other important clarifications that will affect GST rates
One of the reasons behind this is the ever-evolving business landscape – for instance, while clo…
India is working on crypto classification under GST law
The government is working on classification of cryptocurrency as goods or services under the GST la…
PTI
Pre-packed meats, curds, paneer and puffed rice will now attract GST
Pre-packed and labelled food items like meat, fish, curd, paneer and honey will now attract GST, a …
PTI
Clear(Tax) is planning for major acquisitions as it looks to 'leapfrog' its growth
In order to accelerate growth and become a full stack financial services provider, Clear (ClearTax)…
India's GST collection has been above ₹1 lakh crore in 10 out of the last 12 months
Most tax experts feel that with the economy on path of recovery and GDP growth in Q1 FY22 also…
Three-tier GST rate structure could be announced as soon as next financial year, says report
The idea is, sources said, to move away from the present broad five rate structure of zero, …
A poorly worded GST message freaked people out yesterday – but there’s nothing to worry about
The messages sent out yesterday read something like this: This caused widespread confusion …
Government wants to make sure GST benefits reach consumers, may discuss anti-profiteering clause
Finance Minister Arun Jaitley said the matter will be discussed so that the prices are not hiked wh…
GST Council likely to approve two-year extension of compensation cess levy
As the Council is likely to adopt the compensation formula suggested by t he Centre in the dif…