16 Mar Interim Budget Updates to Goods and Services Tax
The announcement of GST Amendments in the Interim Budget brings forth significant changes in the taxation landscape, marking a pivotal moment for both businesses and individuals....
business news Tag
16 Mar CBIC Modifies BCD Rates on Selected Smart Wearable Devices
The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 17/2024-Customs on March 14, 2024, which revises its earlier Notification No. 57/2017-Customs dated June 30, 2017. This revision pertains to the Basic Customs Duty (BCD) rates applicable to specific smart wearable devices....
14 Mar Proposed Amendments to MSME Development Act to Facilitate Prompt Payments to Small Businesses
The government is considering revisions to the MSME Development Act, 2006, to ensure timely payments to micro, small, and medium enterprises (MSMEs)....
12 Mar SEBI amends REITs Regulations, 2014; introduces a new chapter on ‘Small and Medium REITs’
SEBI has notified SEBI (Real Estate Investment Trusts) (Amendment) Regulations, 2024....
07 Mar Timely Payment Rule for MSMEs to Begin from April 1: Finance Ministry Officials
Starting from the fiscal year 2025, the government will introduce a regulation mandating that payments to micro, small, and medium enterprises (MSMEs) must be settled within a 45-day period. Failure to comply will result in companies facing taxation on the outstanding amount, as revealed by...
12 Feb Gaming cos innovating to survive 28% GST burden
In a bid to offset some of the impact on their margins hit by the 28% Goods and Services Tax (GST), over four months after it came into effect on October 1, the online gaming industry is looking to innovate and even incentivise users....
12 Feb Contribution of the MSME Sector in GDP
The Ministry of Micro, Small and Medium Enterprises implements various schemes and programmes aimed at support and development of MSME Sector in the country in areas of credit support, new enterprise development, formalization, technological assistance, infrastructure development, skill development and training and market assistance to...
07 Feb GST Council to review online gaming after March 31: Revenue Secretary
Revenue Secretary Sanjay Malhotra announced that the GST Council will reconsider the imposition of a 28 percent Goods and Services Tax (GST) on the full face value of online gaming, but not until after March 31. He clarified that the review will not occur during...
02 Feb ICAI Releases Guidelines on CPE Credit for CA Members
The Institute of Chartered Accountants of India (ICAI) has issued new Continuing Professional Education (CPE) Credit Guidelines for Chartered Accountants (CAs) for the year 2024....
01 Feb Interim Budget 2024: Key Highlights Shaping India’s Economic Landscape
Finance Minister Nirmala Sitharaman unveiled the interim budget for 2024-25, with a focus on development across all sectors and inclusivity. The capital expenditure target for FY25 is set at Rs 11.1 lakh crore, marking an 11.1% increase. The government aims to transform the country into...