Tag: gst
Digital Services gst: GST on digital services: Budget 2023-24 broadens scope of OIDAR
The availability of cheaper and feature-rich cell phones along with the penetration of low-cost internet in rural India fuelled by the Digital India campaign, has…
gst: India will not merge GST tax rates in 2023/24, government official says
India will not overhaul its Goods and Services Tax (GST) regime in the next fiscal year, a senior official said on Monday, delaying a move…
Ease of GST compliance: Still a distant dream
India’s biggest tax reform, the Goods & Services Tax (GST) was introduced on 1 July 2017. The journey of GST in India has been a…
Pakistan, IMF at odds over Rs 900 billion fiscal gap
ISLAMABAD: The International Monetary Fund (IMF) and the government of Pakistan are at a stalemate over Rs 900 billion fiscal gap, a major stumbling block…
Number theory: Understanding the Union Budget’s tax calculations
A higher tax buoyancy than 2022-23 is among the most crucial assumptions in the 2023-24 Budget. Tax buoyancy measures changes in taxes per unit change…
gst: GST Council chaired by FM Nirmala Sitharaman to meet on Feb 18
The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will meet on February 18. “The 49th meeting of the GST…
GST filings: System error: How automated notices under GST is leading to proliferation of disputes and litigations
The Goods and Service Tax (GST) has been one of the most complex yet progressive indirect tax reforms implemented in the history of India. The…
January GST collection at ₹1.55 lakh crore, second highest-ever
PTI | | Posted by Ritu Maria Johny The GST collection in January surged to over ₹1.55 lakh crore, the second highest-ever mop-up, the finance…
gst news: From audits to notices, untangling the GST regime for taxpayers
Over the last couple of years, the number of GST audits initiated by the department and notices greeting the taxpayers has significantly gone up. There…
Will Budget 2023 hike threshold for tax deduction at source on income from online games?
The online gaming sector is one of India’s fastest growing sectors. The penetration of 5G technology in 2023 will further accelerate innovation in next-gen gaming…