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Source: Live Mint City gas distributors Indraprastha Gas Ltd (IGL) and Mahanagar Gas Ltd (MGL) have suffered two consecutive blows in a month. The government has reduced the supply of cheaper natural gas by 20% for IGL and 18% for MGL, effective 16 November. This follows a previous reduction of 21% for IGL and 20% for MGL,…
Source: Live Mint When you sell your old piece of jewellery to buy a new one, you are meant to pay capital gains tax on the sale. It is vital to note that the sale of gold, even for the purpose of buying a new ornament, is seen as the sale of an old asset….
Source: Business Standard The next meeting of the GoM on compensation cess is in the second week of November. | Representative Photo: Shutterstock 3 min read Last Updated : Oct 16 2024 | 3:58 PM IST The group of ministers (GoM) on GST compensation cess, under Minister of State for Finance Pankaj Chaudhary, on…
Source: Business Standard The court has also emphasised the need of a synergy between cancellation orders and the SCN. 3 min read Last Updated : Oct 02 2024 | 3:25 PM IST In a recent judgment, the Delhi High Court has reaffirmed that the mere issuance of a show cause notice (SCN) by the…
Source: Business Standard 4 min read Last Updated : Sep 25 2024 | 7:51 PM IST The Central Board of Direct Taxes (CBDT) has notified rules for the Direct Tax Vivad Se Vishwas Scheme (VsV) 2024. Launched in 2020 to address tax appeals pending on January 31, 2020, its success led Finance Minister Nirmala…
Source: Live Mint If you want to raise an instant loan to meet immediate financial need which could range from a medical emergency to paying for a vacation, make sure that you get the best deal possible. One of the key factors to consider is that the interest on personal loan does not carry any GST on…
Source: Business Standard GST | (Photo: Shutterstock) 2 min read Last Updated : Sep 24 2024 | 11:26 PM IST The design architecture for implementing GST e-invoicing for retailers is mostly ready and being vetted by industry experts, GST Network CEO Manish Kumar Sinha said on Tuesday. E-invoicing is already present in the…
Source: Live Mint The concept is simple: For those living in apartments without enough space to install solar panels, SundayGrids helps you buy solar panels that are put up elsewhere. The electricity generated by these offsite panels is credited against your electricity bill. It’s a novel solution that makes users feel like they have solar…
Source: Business Standard 3 min read Last Updated : Sep 10 2024 | 6:01 PM IST The Goods and Services Tax (GST) Council’s decision to bring renting of commercial property under the Reverse Charge Mechanism (RCM) is likely to improve the government’s tax revenue but may prove costly for tenants, according to industry experts….
Source: Business Standard Finance Minister Nirmala Sitharaman in her reply to discussion on the Finance Bill had said 75 per cent of the GST collected goes to states and opposition members should ask their state finance ministers to bring the proposal at the GST Council (Representational Picture) 4 min read Last Updated : Sep 08…
