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New Delhi [India], June 30 (ANI): As India's Goods and Services Tax (GST) completes eight years since its launch in July 2017, a report by PwC highlights the key demands and reforms expected by the industry going forward. The report comes at a time when GST collections are exceeding Rs 2 lakh crore a month, prompting businesses and experts to push for changes to make the tax system simpler, more stable, and better aligned with a growing and evolving economy. According to the report, rate ratio ...Read More >
New Delhi [India], June 30 (ANI): As India's Goods and Services Tax (GST) completes eight years since its launch in July 2017, a report by PwC highlights the key demands and reforms expected by the industry going forward. The report comes at a time when GST collections are exceeding Rs 2 lakh crore a month, prompting businesses and experts to push for changes to make the tax system simpler, more stable, and better aligned with a growing and evolving economy. According to the report, rate ratio ...Read More >
New Delhi: On July 1, 2025, the Goods and Services Tax (GST) will complete eight years since its rollout. It was introduced in 2017 as a major step towards economic integration. GST replaced a maze of indirect taxes with a single and unified system. It made tax compliance easier, reduced costs for businesses and allowed goods to move freely across states. According to the government, by improving transparency and efficiency, GST helped lay the foundation for a stronger and more integrated econom ...Read More >
Mumbai, Feb 5 (PTI) GST authorities have imposed penalties totalling Rs 115.86 crore on IndiGo, the airline said in a regulatory filing on Wednesday. According to the filing, the penalty order was passed on February 4. Also Read | TS TET Result 2025 Declared at tstet2024.aptonline.in, Know Steps To Download Telangana Teacher Eligibility Test Scorecard. Of this, Rs 113.02 crore pertains to services provided to offshore recipients, which the goods and services tax (GST) authorities did not cons ...Read More >
PNN New Delhi [India], December 12: In the 21st century, the world is going green in phases, and therefore using renewable sources of energy isn't going to harm the environment, but it's going to benefit your pocket. On average, the IEA has anticipated an increase of renewable energy sources' capacity by 75% from 2022 to 2027, spearheaded by solar and wind energy. Renewable energy investment is already at more than $50 billion annually in the United States. It is projected to climb even higher ...Read More >
In a relief to car leasing companies, Madras High Court on Thursday stayed DGGI (Directorate General of GST Intelligence)'s show-cause notices (SCNs) to these companies. The companies were denied input tax credit (ITC) to the tune of around ₹3,000 crore. "There shall be an order of interim stay till the next date of hearing," said Justice Mohammed Shaffiq. The Bench also issued notice to the tax department. Multiple SCNs were issued by DGGI to car leasing companies denying ITC to the tune of ₹ ...Read More >
Seoul, November 27: Hyundai Motor said on Wednesday it will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value. In the buyback plan approved by the board of directors, Hyundai will repurchase 4.66 million shares, worth 1 trillion won, within a three-month period starting Thursday, the company said in a regulatory filing. They account for 1.7 per cent of the company's overall listed shares. Hyundai said the purpose of the repurchase i ...Read More >
Despite its vast potential, the full capabilities of GST data remain largely unrealised. While aggregate data provides a broad overview of tax performance and health of the Indian economy, disaggregated sector-wise information is crucial for evidence-based policymaking. A closer look at the performance of GST revenue collection raises several questions. First, though the growth of GST revenue collection improved in the last seven years (13 per cent) compared to the pre-GST period 2012-17 (11.8 ...Read More >
WiFi Money was sued by Nebraska's Attorney General who alleged the social-media collective offered "deceptive" get-rich-quick schemes that lost residents of the state more than $3 million. On Tuesday, the state filed a lawsuit focused on investment opportunities that WiFi Money marketed during the COVID-19 pandemic that promised to make investors a profit by dropshipping on Amazon and Walmart's online marketplaces. A Business Insider investigation published in May 2024 found that WiFi Mone ...Read More >
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