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Almost 6 years after the GST has been introduced the GST Tribunal has not been set up yet, so there are lot of pending litigations in GST. In order to clear up these litigations it is very much possible that an Amnesty Scheme in Budget 2023 may be introduced.
Budget 2023 Expectations on Income Tax the Union Finance Minister Nirmala Sitharaman is expected to table Union Budget 2023-24 in the Parliament on 1st February, 2023. Income tax payers are pinning high hopes on Modi government to announce some tax…
The Society of Manufacturers of Electric Vehicles (SMEV) demands uniform 5 per cent GST on spare parts for electric vehicles. SMEV pointed out that while 5 per cent GST is levied on electric vehicles, for spare parts, there is no…
Amid Union Finance Minister Nirmala Sitharaman holding pre-Budget consultations with various industry bodies, the automobile industry is seeking a growth-oriented Budget, sops for electric vehicle (EV) ecosystem and rationalisation of tax structure, among other demands. Vinod Aggarwal, Volvo Eicher Commercial…
The pandemic is over, or so we thought. But it seems with the reemergence of the virus in neighbouring China another Covid wave here in India cannot be ruled out. The return of Covid would definitely have complicated the matter…
Industry organisations want petroleum products to come under the ambit of the Goods and Services Tax (GST) in Budget 2023-24, which Finance Minister Nirmala Sitharaman will present in Parliament on February 1, to lower costs.
Healthcare industry body NATHEALTH has sought rationalisation of GST and enhanced insurance coverage especially in smaller cities and towns from the upcoming Budget. In its submission to the finance ministry on Wednesday, the industry body said that the healthcare sector…
Ahead of Budget 2023, IndiaTech.org, a start-up industry body, wrote to the government on December 8 in two separate submissions, seeking changes in some of the norms under the direct and indirect taxes currently applicable on startups across sectors. The…
During the Budget 2023-24 presentation, there will likely be discussions on three major amendments in the parliament. According to an exclusive report said by Zee Business Special Correspondent, Tarun Sharma, the amendments will be related to the Companies Act, Insolvency…