Stay updated
Aditya Reddy, Co-Founder & CEO of Gamepoint, focused on the fiscal aspects, suggesting a reduction in GST on sports services and the promotion of sports goods manufacturing in India. “In order to transform the sports sector in India, it is…
Hospitality and travel sector players on Tuesday demanded infrastructure status for the hotel industry besides measures as tax exemption on LTA annually to boost domestic tourism ahead of the Union Budget. They also recommended removal of the current TDS levied…
In the wake of a transformative year for the insurance industry, marked by the influx of new companies, technological innovations, and changing consumer dynamics, the stage is set for competitive landscape with the need to increase insurance penetration in the…
As India awaits the Union Budget 2024 on February 1st, expectations for the insurance sector are buzzing! It’s important to keep in mind that this will be an interim budget due to upcoming elections so major policy changes might be…
As concerns over tax notices and the litigation burden on High Courts persist, industry experts have stressed the need for the creation of Goods and Services Tax (GST) Appellate Tribunals. Finance Minister Nirmala Sitharaman is gearing up to present the sixth…
In less than a month from now, Union Finance Minister Nirmala Sitharaman will unveil the interim budget of the Modi government, just before the Lok Sabha elections 2024. The finance minister is likely to present the Interim Budget 2024-2025 in…
With the interim Budget to be presented in February, industry bodies and tax experts are learnt to have approached the government for a thorough review of the capital gains tax structure. According to sources, the government has received proposals from industry to simplify the…
Expectation changes in GST from the Union Budget 2023-24.
1. Raising the minimum threshold for launching prosecution
2. Decriminalize certain offences
and more
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.
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…