Amid the rupee declining against the US dollar, Finance Minister Nirmala Sitharaman on Thursday said the Indian currency is relatively better placed than other global currencies against the greenback. Emerging market currencies have been falling against dollar amid geopolitical tensions in the wake of the Russia-Ukraine war, concerns over growth, high global crude prices, sustained …
Ease of Doing Business for MSMEs: More small businesses are likely to sell on e-commerce platforms as the Goods and Services Tax (GST) Council on Wednesday waived the mandatory registration for businesses supplying goods with turnover up to Rs 40 lakh. Currently, sellers selling goods or services online have to be GST-registered despite their turnovers …
GST Council waives mandatory registration for small businesses selling via e-commerce Read More »
The GST Council in its two-day meeting that began here on Tuesday will deliberate on the recommendations for withdrawal of GST exemption on a host of services including on hotel accommodation of less than Rs 1,000 per day, sources said.The Council, headed by Union Finance Minister Nirmala Sitharaman and including representatives of all states and …
GST Council to discuss removing exemptions on host of services Read More »
[ad_1] New Delhi: The all-powerful GST Council at its meeting in Chandigarh this week is likely to make changes in goods and services tax (GST) rates on a handful of items and may go with the officers panel’s recommendations to maintain status quo in rates of over 215 items. The 47th meeting of the GST …
GST Council Meet: Rate Changes on some items, states compensation top agenda Read More »
[ad_1] The cost accountants’ institute has requested the government to consider allowing cost and management accountants to conduct financial audit of MSMEs and private limited companies. The Institute of Cost Accountants of India, set up under an Act of Parliament, has around 90,000 members and about 5 lakh students. Seeking to ensure competition as well …
[ad_1] Finance minister Nirmala Sitharaman on Saturday asserted that the rising interest rate scenario is unlikely to derail the government’s plans for a record budgetary capex of Rs 7.5 trillion in FY23 to spur economic growth. The Goods and Services Tax (GST) Council, the minister said, is unlikely to consider rate rationalisation in its next …
Rate hike not surprising, says FM Nirmala Sitharaman Read More »
