Finance Minister Nirmala Sitharaman on Saturday, October 4, launched a three-month nationwide drive to help people recover their unclaimed financial assets, including dormant bank deposits, unpaid insurance claims, dividends, shares and mutual fund proceeds. The campaign, called ‘Aapki Poonji, Aapka Adhikar – Your Money, Your Right’, was inaugurated in Gandhinagar, Gujarat, and will run till…
Finance Minister Nirmala Sitharaman on Wednesday, September 24, launched the Goods and Services Tax Appellate Tribunal (GSTAT), describing it as a landmark step in strengthening India’s indirect tax system. The new body is expected to ease the legal burden on high courts and provide taxpayers with quicker and more predictable resolution of disputes. 31 benches…
The central government, in consultation with the IT industry body Nasscom, is evaluating the impact of the US administration’s decision to impose a $100,000 annual fee on H-1B visas, effective September 21. According to IANS, government sources said that New Delhi is coordinating with the Indian Embassy in Washington, DC, while holding discussions with leading…
The GST Council has removed two tax slabs- 12 per cent and 28 per cent. Among many sectors, this will also impact the FMCG sector. From soaps to noodles, several household items are expected to become cheaper from September 22. The GST has been reduced from 12 per cent to five per cent on everyday…
The GST Council has reduced the GST rate on various items, and this directly impacts the common man. From reducing tax on medicines to deducting GST on cars, the Modi government has given a ‘big Diwali gift’ to Indian citizens as promised. In the 56th GST Council meeting, Finance Minister Nirmala Sitharaman announced a host…
The Union government on Wednesday (September 3) announced a GST rate cut on various products. The decision taken by the GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday, rationalised the indirect tax structure, cutting the current four slabs down to two — scrapping the 12 per cent and 28 per cent rates, while…