NEW DELHI: The federal government has directed Items and Companies Tax (GST) officers to not demand pointless paperwork from candidates and requested them to grant registrations in seven working days, the finance ministry mentioned on Friday. FILE PHOTO: A commuter walks previous the constructing of India’s Ministry of Finance throughout nightfall in New Delhi (REUTERS)…
Following the Planning Fee’s dissolution, the Finance Fee’s allocation was elevated from 34 per cent to 41 per cent. Nevertheless, Professor Kumar argues that the precise allocation stays solely round 34–35 per cent. This discrepancy arises because of the rising use of cess and surcharges, that are collected by the Centre however not included within…
New Delhi: Finance ministry on Friday left curiosity charges unchanged on numerous small financial savings schemes, together with PPF and NSC, for the fifth straight quarter starting April 1, 2025. As per the notification, deposits underneath Sukanya Samriddhi scheme will appeal to an rate of interest of 8.2%, whereas the speed on a three-year time…
New Delhi: As a part of the Union Finance Ministry’s outreach to extend the nation’s tax base, the sphere formations of the Central Items and Providers Tax (CGST) Commissionerate have launched consciousness campaigns to extend registration and compliance below the GST regime. As a part of this initiative, the Delhi East Commissionerate launched a two-day…
<p fashion="text-align: justify;">उत्तर प्रदेश के मुरादाबाद में राज्यकर विभाग की जीएसटी (एसआईबी) टीम ने प्रसिद्ध निर्यातक एंव समाजसेवी नोमान मंसूरी के आवास और फैक्ट्री पर दिन भर एक साथ छापेमारी की. हैंडीक्राफ्ट डेवलपमेंट सोसाइटी व रोहान इंडस्ट्रीज प्राइवेट लिमिटेड सहित नोमान की कई फैक्ट्रियों पर राज्य कर विभाग की छापेमारी से हड़कंप मच गया. </p> <p…
&w=600&resize=600,400&ssl=1 "What Union Finances 2025 means for people and companies – Firstpost")
There’s optimism that the Union Finances 2025 will give attention to tax reforms to spice up financial development, cut back enterprise prices and encourage funding learn extra As India steps into 2025, all eyes are on the Union Finances, a pivotal coverage instrument that shapes the nation’s financial panorama. Past being an annual fiscal train,…
Gross GST collections grew 9.1% to about Rs 1.84 lakh crore in February. GST collections for January reached Rs 1.96 lakh crore, marking a 12.3% improve in comparison with the identical interval final 12 months. In December, GST collections stood at Rs 1.77 lakh crore, reflecting a 7.3% year-on-year rise. This was a slowdown from…
Life Insurance coverage Company of India Life Insurance coverage Company of India (LIC) on Monday mentioned that it has obtained a requirement discover from the GST authorities for allegedly availing extra Enter Tax Credit score (ITC) for the monetary 12 months 2020-21. The discover, issued by the Assistant Commissioner of GST, Ward 206, Zone 11,…
The Congress on 19 February, Wednesday, claimed that discuss of reciprocal tariffs by US president Donald Trump is looking into query a consumption tax like GST, and questioned whether or not his ‘good pal in New Delhi’ would stand as much as it when nationwide sovereignty is at stake. Congress normal secretary in-charge communications Jairam…
&w=600&resize=600,400&ssl=1 "The place India earns its rupee from and what it spends on – Firstpost")
Taxes and borrowings make up nearly all of the income whereas a good portion of the expenditure is allotted to necessary obligations equivalent to curiosity funds and state transfers. The Funds additionally affords insights into how the federal government generates income and allocates its funds. Let’s perceive how this course of works and its affect…
