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Source: Live Mint Indian stock market benchmarks, the Sensex and the Nifty 50, traded with decent gains of over half a per cent in morning trade on Monday, May 5, tracking positive global cues. Market sentiment was buoyed by rising expectations of a US-China trade deal and a strong US employment report. Healthy domestic macroeconomic…
Source: Live Mint Until last year, the hospitality and rental sectors benefitted from a broad tax exemption on renting residential dwellings. However, with effect from 15 July 2024, a separate conditional exemption was carved out for accommodation services, relieving these from the levy of goods and services tax, or GST. This change—applicable to accommodation services…
Source: Live Mint Do you love to eat out often? Remember that the latest rates of Goods and Services Tax (GST) took effect on April 1. As per the new rates, customers may have to pay either 5 per cent or 18 per cent based on where the restaurant is located and whether it is…
Source: Live Mint With the new financial year (FY 2025-26) beginning today, April 1, 2025, we take a look at the key changes affecting online payments, GST rates, income tax slabs, bank balances, LPG cylinder prices, TDS, tolls, credit cards, and more. Citizens and taxpayers need to stay informed about new income tax rules, revised…
Source: Live Mint Money rule changes from April 1 2025: March 2025 is coming to an end, ushering the beginning of a new financial year from April 1. The financial year 2025-26 will start from April 1, affecting citizens and taxpayers across India. New income tax rule changes, credit card rule change, UPI rule change…
Source: Live Mint The next step is the online registration process–uploading the documents and submitting the application and Aadhaar authentication through OTP. However, the process may not be as simple as it sounds. GST (goods and services tax) officers often ask for additional allied registrations, such as shops and establishment licences, MSME Udyam certificates and…
Source: Live Mint While the broader indices are teetering on the edge of a bear market (defined as plunging 20% or more from recent highs), some small- and mid-cap stocks are so deep in red that short-term traders have graduated to being long-term investors, and long-term investors have embraced spirituality. Investing in the small and…
Source: Live Mint South Korean automaker’s Indian arm, Hyundai Motor India Limited, received two goods and service tax (GST) notices from the Government of Tamil Nadu and the Government of Maharashtra, amounting to nearly 16 crore, according to an exchange filing on Friday, February 28. The Deputy Commissioner of the Maharashtra State Tax Department has…
Source: Live Mint PSU-institutional lender Indian Overseas Bank (IOB) received a ₹699.52 crore goods and service tax (GST) notice from the Chennai State Government, according to an exchange filing on Friday, February 28. The Deputy Commissioner of the Large Taxpayers Unit of Chennai has demanded the GST amount from the state-owned bank. According to the…
Source: Live Mint Google Pay starts levying convenience fee on payments made via credit and debit card for utilities such as cooking gas and electricity, reported Economic Times. This used to be free earlier. The fees are subject to Goods and Services Tax and amount to 0.5% to 1% of transaction value. This move by…
