Cap lease rate at 40% upon renewal: MROs
[ad_1] “The industry has sought intervention by the civil aviation ministry on lease rentals for the MRO industry. The norms state that a new allotment of Airports Authority of India…
CBIC extends GST dues recovery date
[ad_1] New Delhi: The Goods and Services Tax (GST) Council has extended the deadline for tax officials to demand and recover dues from businesses for 2018-19 and 2019-20, as the…
Grim outlook for real-money gaming
[ad_1] While new goods and services tax (GST) guidelines have resulted in users paying considerably more on their earnings than in pre-covid times, huge retrospective tax liability awaits the businesses.…
GST Council can vet pleas on GST registration threshold: Finance minister
[ad_1] New Delhi: Finance minister Nirmala Sitharaman on Wednesday said the request from Parliamentarians to raise the sales threshold for Goods and Services Tax (GST) registration can be looked into…
Dream11 parent prepares war chest as it pivots M&A strategy
[ad_1] Sporta Techologies Pvt Ltd, which operates the sports platforms Dream Sports and Dream11, will fund potential acquisitions of $50 million to $100 million through internal accruals and could raise…
Confident that GST issues will be resolved soon, says E-Gaming Federation chief
[ad_1] The E-Gaming Federation (EGF), a self-regulatory body for the online gaming industry, is confident that issues around the recent GST changes which increased companies’ tax burden will be resolved…
Centre notifies 18% GST on corporate guarantees
[ad_1] New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has said that Goods and Services Tax (GST) will apply to corporate guarantees between related entities such as…
GST reduction on millets, molasses in relief to farmers ahead of elections
[ad_1] The Goods and Services Tax (GST) Council on Saturday put unbranded flour containing 70% millets in the tax-free category and reduced GST on molasses from 28% to 5% in…
GST Council tweaks hiring norms for tribunal
[ad_1] New Delhi: Goods and Services Tax (GST) Council on Saturday clarified on the taxability of personal and corporate guarantees, tweaked the norms for hiring members and President of GST…