[ad_1] SEBI Chairman Tuhin Kanta Pandey on Saturday said there is no point unsettling the current taxation, and the foreign portfolio investors need to “live with” the system. Pandey, who took over as the SEBI chief three weeks ago, also said some companies are making “blatantly false disclosures” and the capital markets regulator does not […]
Budget 2025: GST proposals to boost key sectors – CNBC TV18
[ad_1] As the Union Budget 2025 approaches, experts across industries are highlighting GST-related reforms crucial for their growth. A recurring theme is the need for rationalised GST rates, simplified compliance, and targeted incentives to foster competitiveness and growth across sectors. Healthcare calls for reduced GST Chandra Ganjoo, Group CEO, Trivitron Healthcare, outlined the healthcare sector’s […]
Gift vouchers and cards not liable to GST: All you need to know – CNBC TV18
[ad_1] The Central Board of Indirect Taxes and Customs (CBIC) has clarified how the Goods and Services Tax (GST) applies to voucher transactions. Vouchers can be classified into two categories, each with distinct GST implications. Company Value Change %Change Prepaid vouchers: Treated as ‘money’ Prepaid vouchers, such as gift cards and digital wallets, are recognised […]
GST Council meet: FM announces reduced cess for merchant exporters and lower GST on fortified rice kernels – CNBC TV18
[ad_1] The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, made some announcements aimed at easing the burden on exporters. Company Value Change %Change In order to support the export sector, the GST Council has reduced the compensation cess on supplies to merchant exporters to 0.1%. This reduction is expected to provide exporters […]
Diplomatic agreement needed to resolve India-Switzerland MFN taxation stalemate, says expert – CNBC TV18
[ad_1] Switzerland has decided to suspend the ‘Most Favoured Nation’ (MFN) clause from its bilateral double tax avoidance agreement (DTAA) with India, effective January 1 next year. This change is anticipated to increase tax liabilities for Indian firms operating in Switzerland. Following the suspension, Switzerland will impose a 10% tax on dividends paid to Indian […]
GST rate rationalisation: GoM may propose a 35% ‘special rate’, rejig likely for over 148 items, say sources – CNBC TV18
[ad_1] In what could mark a significant overhaul of the GST rate structure, the Group of Ministers (GoM) on rate rationalisation is likely to propose the creation of a new “special rate” of 35%, alongside a rejig of rates for several items. Sources told CNBC-TV18 that the GoM, in its meeting today, decided to propose […]
I wish I could reduce taxes to almost nil, but India’s challenges are severe: FM – CNBC TV18
[ad_1] In a candid address at the convocation ceremony of IISER Bhopal, Finance Minister Nirmala Sitharaman spoke at length about the critical role of taxation in addressing India’s economic challenges. Acknowledging the government’s commitment to generating revenue while minimizing the burden on the public, she deeply understood the desire for lower taxes. However, she noted, […]