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Ease of business in self-reliant India – Indirect tax budgetary changes

Against the background of a never seen before pandemic curtailing global economic growth and moving towards self-reliance and aatmanirbharta, the Finance Minister presented a very progressive Union Budget 2021. The changes brought under the Customs law are in line with two key focus areas, firstly,...

JJ Tax app sees surge in news24nationrs, gets commitment for funding

Chat-based tax app, JJ Tax, says it has seen strong demand for its services since its launch and is now on track to add one million news24nationrs and secure funding. Many chartered accountant firms get repetitive emails and queries from clients. There are also existing...

January GST Revenue At Record High Of Rs 1.2 Lakh Crore Ahead Of Budget

NDTV News
GST revenues for January 2021 are 8 per cent higher than that in the same month last year.New Delhi: Goods and services tax or GST revenue collected in January stood at Rs 1.19 lakh crore, the finance ministry said on Sunday, in a record...

Making structural changes can give fillip to the MSMEs in the upcoming budget

Covid-19 impacted all major economies across the globe, including India. The sudden halt in economic activities during the nationwide lockdown left the MSMEs as one of the most affected sectors. Issues such as disrupted working capital cycle, lack of confidence to steer through loss...

Budget expectations from indirect taxation perspective

The Union Budget to be presented on Monday, is slated to be one of the most important and anticipated one, given the economic devastation that has been caused by the COVID-19 pandemic and the resultant lockdowns and market disruptions. The government will try to...

No GST on electricity charges recovered from tenants

In a news24nationificant ruling the Gujarat Authority for Advance Ruling for Goods and Services Tax (GST) has said a landlord does not have to pay GST on electricity or incidental charges recovered from tenants, in addition to rent as per lease agreement for renting...

Exporters drag DRI to various high courts over GST exemption notices

Mumbai: Exporters have dragged the Revenue Intelligence (DRI), India’s primary anti-smuggling intelligence agency to various courts following notices over allegedly wrongfully availing Goods and Services Tax (GST) exemptions. Exporters have filed various writ petitions in Gujarat High Court, Punjab High Court, Bombay High Court and...

U GRO Capital seeks patent for its scorecard based underwriting model

U GRO Capital has announced that it has filed an application with the Indian Patent Office for its methods and systems for modelling scorecards. This has allowed the company to penetrate in an unstructured segment, which is driven by physical processes. The model tackles...

GST compliance may increase the burden for small firms this year

Small and medium-sized businesses are considered the backbone of the economy in terms of GDP, export, employment generation, and inclusive growth; need to be nurtured equally to maintain their health and growth. However, SMEs might soon feel the increased burden of compliance under the...