INDIA’S TAX COLLECTIONS have exhibited a sustained upward trajectory over the past decade, increasing from Rs 12.45 lakh crore in FY15 to around Rs 44 lakh crore by FY25. While indirect taxes ...
About 90% of distributors, who contribute about 40-50% of the mutual fund industry's assets under management, worth ₹81 trillion, are likely to be non-GST-compliant, say experts. New rules will make ...
A GST registration rejection involving a legal heir applying after the death of a sole proprietor has highlighted procedural hurdles faced by small taxpayers. Tax expert CA Himank Singla said the case ...
Section 74A replaces the earlier Sections 73 and 74, creating a unified framework for tax recovery in cases of short payment, erroneous refunds, and wrongful ITC. The provision simplifies GST ...
GST’s fully digital compliance system has improved transparency but created challenges in areas with limited digital infrastructure. The piece assesses how portal dependence and amendment fatigue ...
Government think tank Niti Aayog on Wednesday urged state governments to adhere to fiscal deficit norms under the FRBM Act through disciplined expenditure management, broadening the GST base, and ...
The Canadian Press on MSN
B.C. appointed them to map old-growth. Now they say province is failing to save it
Every member of a former panel the British Columbia government appointed to identify old-growth for potential protection in 2021 now says they're concerned about continued logging in those same rare ...
Niti Aayog urges states to follow fiscal deficit norms under FRBM Act. Focus on expenditure management, GST, and tax capacity.
Panaji: The law department has approved the amendment of the Goa Value Added Tax Act, 2005, to allow liquor retailers, small bars and taverns to opt i.
CHENNAI: Gaps in internal audit capacity and persistent staff shortage have weakened oversight in Tamil Nadu’s Goods and Services Tax (GST) administration, leav ...
Newsable Asianet News on MSN
New GDP Series With 2022-23 Base Year Alters Indian Economy's Size
India's new GDP series with base year 2022-23 changes the size, sectoral composition, and expenditure patterns of the economy. While nominal GDP is slightly lower, it confirms strong post-pandemic ...
The ministry of statistics and programme implementation released a new series of national accounts with 2022–23 as the base ...
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