Consumer Affairs Department steps up monitoring after 3,000 complaints on retailers not passing tax cuts to buyers The central government has flagged major ecommerce platforms for failing to pass on the benefits of recent Goods and Services Tax (GST) rate cuts to consumers, following complaints that price reductions remain inadequate since the roll-out of […]
However, Anand Kripalu says that some states are beginning to recognise the limitations of total prohibition and are gradually shifting towards more pragmatic, regulated consumption models
India’s Goods and Services Tax (GST) revenue for January 2024 has jumped to Rs 1,72,129 crore, reflecting an impressive 10.4 per cent Year-on-Year (Y-o-Y) growth. This is the second-highest monthly collection ever and the third time in the fiscal year 2023-24 that collections topped Rs 1.70 lakh crore. From April 2023 to January 2024, gross GST collections totaled […]
India’s online gaming industry has received show-cause notices amounting to Rs 1 lakh crore say sources. The notices come even as the Industry has raised concerns on the applicable GST Rates. The government has asserted that a 28 per cent GST rate should have been in place starting from 1 October, as per the law. […]
The Central Board of Indirect Taxes and Customs (CBIC) Chairman, Sanjay Agarwal, has announced that India is prepared to implement a 28 per cent Goods and Services Tax (GST) rate on online gaming starting from 1 October. This move comes with the consensus of all Indian states and follows the recent passage of amendments to […]
Reliance Industries is India’s most valuable company and is also the highest taxpayer and most profitable company, according to ‘2022 Burgundy Private Hurun India 500’ list. Burgundy Private, Axis Bank’s Private Banking Business and Hurun India have released the ‘2022 Burgundy Private Hurun India 500’. This is the second edition of the list, which ranks […]
