Tag: taxes

Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman chairs the 54th meeting of the GST Council, at Sushma Swaraj Bhawan in New Delhi, Monday, Sept. 9, 2024. (PTI)
Posted in Business

GST Council Meet: 18% GST on online payments below ₹2,000 not finalised, pilgrims’ helicopter services GST cut

The Goods and Services Tax (GST) Council has not yet reached a decision on applying an 18% GST on transactions below ₹2,000 processed by payment…

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Posted in Startups

GST: GST sleuths tracking merchants skipping tax via digital payments

The rapid growth of digital payments has also increased the scrutiny of online merchants due to a spike in cases of tax evasion, people aware…

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Union Finance minister Nirmala Sitharaman and RBI Governor Shaktikanta Das are seen. (ANI)
Posted in Business

Wish I could bring down taxes to nil, says Nirmala Sitharaman: ‘Not troubling people’

Aug 14, 2024 07:18 AM IST Finance minister Nirmala Sitharaman said that her job as the finance minister was generating revenue and not troubling people….

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Tax defaults in India skyrocketed by 1000% in the last ten years and associated litigation has also consequently risen (Representational Image/Pixabay)
Posted in Business

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report

Tax defaults in India have skyrocketed by 1000% in the last ten years and litigation associated with it has also consequently risen, according to a…

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Finance minister Nirmala Sitharaman attends the proceedings of the Lok Sabha during the Monsoon Session of Parliament, in New Delhi.(SansadTV)
Posted in Business

Taxes not hiked because government wants more money, says Nirmala Sitharaman

Jul 26, 2024 11:36 AM IST Nirmala Sitharaman said nothing is done with the purpose that government wants more money. Finance minister Nirmala Sitharaman said…

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Centre may amend MMDR Act to prevent further levies
Posted in Economy

Centre may amend MMDR Act to prevent further levies

New Delhi: The Centre will present its arguments before the Supreme Court next week against state governments levying taxes on top of royalty on mining…

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ETMarkets Smart Talk: July 2024 final Budget likely to be more populist, no tax changes expected: Aditya Khemka
Posted in Finance

ETMarkets Smart Talk: July 2024 final Budget likely to be more populist, no tax changes expected: Aditya Khemka

“We expect the Indian 2024 Budget in July to be slightly more populist than the previous few Budgets,” says Aditya Khemka – Fund Manager, InCred…

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Taxes: Swedish govt to pause inflation-linked hike in state taxes in budget
Posted in Europe News

Taxes: Swedish govt to pause inflation-linked hike in state taxes in budget

STOCKHOLM: Sweden’s government will pause an automatic hike in the threshold for paying state taxes this year, Finance Minister Elisabeth Svantesson told the Dagens Nyheter,…

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sitharaman: ET Awards: Honest taxpayers need to be appreciated but wrongdoers punished: FM Nirmala Sitharaman
Posted in Economy

sitharaman: ET Awards: Honest taxpayers need to be appreciated but wrongdoers punished: FM Nirmala Sitharaman

Honest taxpayers need to be commended while those abusing the system should face action, finance minister Nirmala Sitharaman said at the Economic Times Awards for…

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GST penalty: Businesses can apply for revocation of GST registration cancellation by June 30 after paying taxes, penalty
Posted in Economy

GST penalty: Businesses can apply for revocation of GST registration cancellation by June 30 after paying taxes, penalty

The government has allowed businesses, whose GST registrations were cancelled for non-filing of returns, to apply for revocation of the cancellation by June 30, after…

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