Page 3 - Shrimi Choudhary

Budget 2024: Will make up for revenue forgone, says FM Nirmala Sitharaman

Gradually, we are moving towards a simplified taxation regime, while bringing down the incidence of tax itself. Therefore, we are taking this review, says FM

Budget cuts Customs duty on slew of items, assures rationalisation of GST

The import duty of gold and precious metal jewellery, platinum as well as silver has been reduced to enhance the domestic value addition in these precious metals

Tax policies to play a critical role in tackling 'inequality': Eco Survey

Suggests to resolve transfer pricing matters to sustain foreign investor interest

From T V Somanathan to Vivek Joshi, meet FM Sitharaman's Budget team

The July 23 Budget, coming after the general elections, would be watched for coalition compulsions, electoral lessons

IDBI Bank stake sale: RBI vetting process in last leg, report by month-end

The central bank's clearance will be seen as an important milestone for the bank's strategic disinvestment

Union Budget 2024-25: Govt likely to increase tax mopup estimates

Projections may increase by Rs 30K-40K cr vs Interim Budget

Union Budget 2024-25 likely to relax compliance with Customs rules

Budget may introduce electronic bank guarantee to curb tax leakage

ED arrests Amtek's Arvind Dham in Rs 25,000 crore bank 'fraud' case

The move follows searches conducted by the agency last month at around 35 locations in Delhi-NCR, Mumbai, and Nagpur as part of its money laundering probe

In a relief to companies, CBIC clarifies taxability on corporate guarantee

In a separate move, CBIC has introduced enabling provisions for allowing rectification of GSTR-1 for businesses

Union Budget 2024-25: Draft tax law likely for minimum levy on MNEs

The global minimum tax, also known as the Pillar Two regime, aims to prevent MNEs from shifting their profits to low-tax nations

GST Council's key state panel for rate changes may face another revamp

In the last reorganisation of this panel, at the GST Council meeting on June 22, Bihar Deputy Chief Minister Samrat Chaudhary was appointed as its convenor

GST collection at Rs 1.74 trillion in June, but growth slows to 7.7%

Growth less than 12.4% recorded in April and 10% in May

India and US extend 2% digital tax pact on e-commerce till June 30

In October 2021, India and the US came to terms to settle differences with respect to the equalisation levy, commonly known as the digital tax

High level of technical compliance, but follow-up needed: FATF on India

Finmin says it demonstrates the overall stability and integrity of the financial system

Major GST relief for foreign holding cos in intra-loan transactions

18% GST on additional fees, other considerations on providing loans

Budget could stick to Rs 50,000 cr asset-sale, monetisation targets

IDBI stake sale could spill over to the next fiscal year

7 years of GST: Households emerge top beneficiaries, shows CBIC data

Finance Minister Nirmala Sitharaman said: "I want to reassure the assessees that our intent is to make GST assessees' life easier. We are working towards lesser compliance"

GST Council waives interest, penalty on tax demands between FY18 and FY20

Reconstituted rate rejig state panel; asked to give status report in subsequent meet post Budget

Budget 2024-25: New income tax regime may offer a treat to salaried class

Rationalisation of tax slabs and rate adjustments under consideration

GST anti-profiteering cases to be taken up by the appellate tribunal

Council to introduce 'sunset date', allowing filing complaints up to April 1, 2025