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Source: Live Mint Focused on managing a home loan and investing in over ten mutual fund schemes, Singh delayed signing up, opting instead for a higher in-hand salary. His decision, influenced by hopes of the old pension scheme (OPS) returning in some form, highlights the financial dilemmas faced by young government employees navigating between immediate…
Source: Live Mint The GST portal has been facing issues related to filing GSTR-1. On Thursday, GST Network posted an update on X, highlighting the problem. A message on GST Network’s social media handle, GST Tech, reads: “GSTN hereby acknowledges the issue being faced regarding GSTR-1 summary generation and its filing. It is to inform…
Source: Live Mint The tax treatment of popcorn has become a huge political ‘hot potato’ after the (GST) Council Meeting, led by Finance Minister Nirmala Sitharaman, notified taxation on salted and caramelised popcorn. Amid huge discussions, there are speculations around how much tax people must pay on the snack while purchasing it in movie theatres….
Source: Live Mint Share prices of cigarette makers ITC, Godfrey Phillips and VST Industries along with Varun Beverages declined on Tuesday after reports suggested that the tax slab on ‘sin goods’ is likely to be hiked. Varun Beverages share price plunged as much as 5.18%, ITC stock price declined 3%, Godfrey Phillips India shares declined…
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…
