Good GST Returns, Proactive Fiscal Policy Can Spur Growth: SBI Report
Good GST Returns, Proactive Fiscal Policy Can Spur Growth: SBI Report SBI said in its report that the space for monetary accommodation is over and only a proactive fiscal policy…
Paytm Mall announces pivot to ONDC as its primary focus; to explore export opportunities
This move enables the company to create a long-term sustainable business in partnership with ONDC, which aims to democratize the purchase and sale of goods in the Indian market, driving…
Good cheer for Goods and Services Tax
Goods and services tax (GST) revenues reached a new record of ?1.68 lakh crore in April as technology-aided compliance improved alongside higher economic activity, with residual pandemic restrictions being lifted.…
New e-com players not showing country of origin for all products in India
While most older, established e-commerce platforms now have the Country of Origin information for the majority of products, the same is not the case with newly-established platforms like LensKart, CityMall…
GST Council mulling 28% tax on Bitcoin, other cryptocurrencies
In what could further dampen the mood of crypto investors in the country, the goods and services tax (GST) council is mulling a 28 per cent tax on cryptocurrencies, at…
Revenue Dept seeks RTI exemption for its big data wing on GST, tax evasion
The revenue department is learnt to have sought exemption from the Right to Information Act, 2005, for its GST and tax evasion analytics wing — the Directorate General of Analytics…
Crypto industry enraged over mounting taxes as govt mulls 28% GST
New Delhi: The goods and services (GST) council is mulling a 28 per cent tax on the crypto assets or the virtual digital assets (VDAs), which will be at par…
Online gaming industry pitches for retaining 18% GST
New Delhi: Online skill-based gaming industry has made a case for retaining the service under the 18% GST slab instead of putting it into the highest 28% tax rate category,…
HC verdict on GST on under-construction flats to reduce tax outgo for buyers: Experts
The Gujarat High Court ruling that actual value of land should be deducted before levying GST on under-construction flats would reduce the tax outgo for homebuyers, provided the contractual arrangement…
Flipkart to phase out one of its seller fulfillment services
Under Smart Fulfillment, sellers allocate a separate space for their products at their own warehouse or place of business, which is linked to Flipkart’s systems so these goods can be…