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3 mins read

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   


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2 mins read

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   


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2 mins read

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   


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2 mins read

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   


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1 min read

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…

Business Insider Latest Story Image
2 mins read

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   


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1 min read

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 …

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5 mins read

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   


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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…

Business Insider Latest Story Image
2 mins read

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…

Business Insider Latest Story Image
1 min read

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…

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3 mins read

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…

Business Insider Latest Story Image
2 mins read

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   


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2 mins read

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   


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6 mins read

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)…

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2 mins read

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…

Business Insider Latest Story Image
2 mins read

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, …

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2 mins read

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 …

Business Insider Latest Story Image
1 min read

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…

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2 mins read

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…