Expected Changes in GST; Union Budget 2023-24 in the Finance Bill 2023
Expectation changes in GST from the Union Budget 2023-24.
1. Raising the minimum threshold for launching prosecution
2. Decriminalize certain offences
and more
Category: Budget 2023
Budget 2023: From welfare fund for doctors to zero-rate GST, IMA’s demand to govt
Ahead of the Union Budget for the financial year 2024, the Indian Medical Association has proposed a slew of demands and suggestions. The IMA has asked the government that the funds for the Ayushman Bharat Pradhan Mantri Jan Arogya Yojna…
Hope Budget corrects Centre’s fiscal approach towards states: Kerala FM K N Balagopal
Kerala Finance Minister K N Balagopal has expressed hope that the Union Budget will allocate more funds for social and infrastructure development as well as correct the Centre’s fiscal policy in dealing with states. The Left leader, who is critical…
Budget 2023 to recognise the contribution of the Indian middle class
Government likely to announce measures to address concerns of the aspirational classes. Budget may also introduce new tax slab at 8-10 lakh with a tax rate of 10-15%, against 20% currently.
Traders’ Body terms GST one of most complicated taxation system, urges Finance Minister for review
Terming GST one of the “most complicated” taxation system, Traders’ body Confederation of All India Traders (CAIT) has urged Finance Minister Nirmala Sitharaman to announce review of GST taxation system and all Acts and Rules concerning retail trade and One…
Bihar govt seeks GST compensation extension for another five years
The Bihar government on Wednesday urged the Centre to consider extending for another five years the GST compensation awarded to states, which was discontinued last year. State Finance Minister Vijay Kumar Chaudhary flagged it as one of the expectations from…
Budget 2023: Medical device makers seek GST cut to battle imports from China, US
Faced with a surge in imports from countries such as China, the US and Germany, medical device makers in the country have sought focused government backing in the form of size-specific financial incentives and policy support in the upcoming Union…
Budget 2023: Online Gaming Industry seeks lower GST, clarity on regulation
The Union Budget 2023-24 is set to be presented by Finance Minister Nirmala Sitharaman on February 1. The online gaming sector, which has witnessed significant growth in the past few years, expects favourable moves, especially in terms of taxation in…
Budget 2023: Aviation industry seeks tax incentives for MRO sector, bringing ATF under GST
Given India’s ideal geographical position, placed between major Asian and European countries, stakeholders in the aviation industry have been long advocating policy measures which will facilitate India to emerge as a passenger and aircraft maintenance, repair and operations hub in…
Final stage of Union Budget 2023-24 commences with Halwa Ceremony
The Halwa ceremony, marking the final stage of the Budget preparation process for Union Budget 2023-24, was held in North Block, today afternoon, in the presence of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman and Union Ministers of…