CAclubindia News
Lok Sabha passes GST Amendment Bills to impose 28% tax on online gaming, casinos and race clubs
12 August 2023 at 08:47The Lok Sabha passed two bills on Friday to amend the Goods and Services Tax (GST) laws to levy a 28% tax on online gaming, casinos, and race clubs. The bills were introduced by Finance Minister Nirmala Sitharaman in the lower house of Parliament.
Direct Tax Collections Reach Rs. 6.53 Lakh Crore, Marking 15.73% Growth by Aug 10, 2023
12 August 2023 at 08:46The provisional figures of Direct Tax collections up to 10th August, 2023 continue to register steady growth. Direct Tax collections up to 10th August, 2023
Resilient Indian Economy and Monetary Policy: Sustained Growth Amid Global Challenge
11 August 2023 at 08:47As we celebrate India's 77th Independence Day in a few days, I am happy to note that the Indian economy is exuding enhanced strength and stability despite the massive shocks to global economy in recent years.
CBDT Extends Applicability of Transfer Pricing Safe Harbour Rules Until AY 2023-24
11 August 2023 at 08:46The CBDT has extended the applicability of Rule 10TD(1) and Rule 10(2A) of the IT Rules, 1962, which are the Transfer Pricing Safe Harbour Rules, until the Assessment Year 2023-24.
RBI Keeps Repo Rate Unchanged At 6.50%
10 August 2023 at 11:14Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent.
CBDT Unveils New Guidelines for Comprehensive Scrutiny of Tax Returns in FY 2023-24
10 August 2023 at 09:02Central Board of Direct Taxes (CBDT) issued guidelines on August 3, 2023 for the mandatory selection of returns for comprehensive scrutiny in the financial year 2023-24.
Main Users Grant Sub-Users Access to e-Invoices and EWB Management
10 August 2023 at 09:01The GST, e-Invoice System issued an update on August 9, 2023, stating that sub-users can now access e-Invoices generated by the main user and perform View/Cancel/Generate EWB.
GST Amendment Bill of 28% on Online Gaming Gets Cabinet Approval
10 August 2023 at 09:00The Union Cabinet has approved the bill to amend the GST rate to 28% on online gaming, casinos, and horse racing in India. The bill will be presented in the ongoing monsoon Parliament Session and is expected to be enforced by October 1.
ICICI Lombard gets Rs 273 Crore GST Notice on Motor Insurance Settlements
10 August 2023 at 08:59ICICI Lombard General Insurance has received a tax demand notice from the Directorate General of GST Intelligence for a sum of ₹273.44 crore.
Minister of State, Shri Pankaj Chaudhary Provides Insights into Queries on GST Portal Glitch
09 August 2023 at 08:58The Minister of State for Finance, Shri Pankaj Chaudhary, assured taxpayers that the government is committed to providing a smooth and reliable GST portal.
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