The GST Council raised tax on online real money gaming from 28% to 40%, classifying it as a ‘sin good’ alongside casinos and betting. Household games saw a GST cut to 5%. This follows Parliament’s ban on online real money…
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The Bombay Chartered Accountants’ Society (BCAS) has urged for extensions to income tax deadlines, citing persistent glitches on the e-filing portal. BCAS, along with other associations, highlighted challenges like delayed utility releases, technical bottlenecks, and overlapping deadlines. They propose extending…
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The GST Council has slashed tax rates on multimodal transport, container rail movement and road haulage, lowering cargo charges and offering relief to exporters.
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Mother Dairy, a leading dairy firm with a turnover of Rs 17,500 crore, welcomes the GST Council’s decision to reduce GST rates on various dairy products like paneer, cheese, and butter. The company commits to passing on the benefits of…
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Indian exporters, facing a 30% loss due to Trump’s 50% tariffs on US-bound shipments, are lobbying the RBI for a temporary, weaker rupee rate of 103 per dollar for US earnings. This request aims to offset the tariff’s impact, but…
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CREDAI lauded the government’s GST rate simplification, reducing it from four tiers to two, anticipating widespread relief and eased inflation. President Shekhar Patel highlighted the landmark GST reduction on cement from 28% to 18%, projecting a transformative impact on real…
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