Page 2 - Indivjal Dhasmana

5% GST payable on all pre-packaged and labelled jaggery: Karnataka AAR

Like many other agricultural commodities, jaggery was exempted from GST until July 18 last year

How Russia-Ukraine conflict has impacted global and Indian economy

External conditions deteriorated due to the war on many fronts

CAs, advocates mustn't be arrested sans proof of role in business fraud: HC

Ruling was delivered in a case in which a CA and an advocate were arrested for rendering service to exporters who were alleged to have fraudulently claimed a refund of IGST

Explained: Does the new tax regime adversely affect household savings?

New tax regime does not have tax deductions as is given under various provisions such as 80C or 80D of the Income Tax Act

Exports: As services catch up with goods, should India's focus shift?

The country would need push forward on both for medium-term sustainability, say economists

ITR forms notified for FY23, have schedule for virtual digital assets

Separate schedule for virtual digital assets requires details like date of acquisition, date of transfer head

Can minimum guaranteed scheme in NPS assure states to not go back to OPS?

Under OPS, there is no defined contribution from employees but there is assured pension. However, NPS has defined contribution but no assured returns in terms of some proportion to last drawn salary

CBIC says won't object to a petitioner going to HC in absence of GSTAT

CBIC says it would like to withdraw earlier plea in matter relating to dispute over refund of a company

Unbranded namkeen products to attract 12% GST, not 5%, rules Gujarat AAR

One of the first rulings after the rate-change came into effect from July 18 last year

MPC's 11.7% nominal GDP growth projection way higher than Budget estimate

If MPC's projections hold good, various figures in the Budget would change when the revised estimates are worked out

How credible is path of improving quality of fiscal deficit going forward?

Centre's fiscal deficit is projected to come down to 5.9% of GDP next financial year from 6.4% in the current financial year

Back in action: After a year of lull, Centre to swing into hiring mode

Will recruit more for central ministries and depts in 2022-23 and 2023-24

Devolution to states: Cess, surcharge help Centre keep major chunk of taxes

Among a few tweaks to surcharges, Sitharaman announced the Centre would reduce the highest surcharge levied under personal income tax from 37 per cent to 25 per cent under the new tax regime

Economic Survey 2022-23: Reforms, capital expenditure push to aid growth

Economy seen growing at 6.5% next fiscal year; 'more steps will attract MNCs to set up base in India'

Day ahead of Budget, FinMin reports robust GST mop up of Rs 1.56 trn in Jan

The figure amply indicates that tax revenues are likely to remain strong in 2022-23, and may help the Centre retain the 6.4% fiscal deficit target for the current financial year

Assembly polls 2023: Economic snapshots of 3 poll-bound northeastern states

Let us analyse the economic issues and present a brief political scene of the poll-bound states of Tripura, Nagaland, and Meghalaya

FM should cut cess, taxes on fuels and surcharge on income tax: Chidambaram

Finance minister must find out answers as to why India Inc. is not investing, says Congress leader

Supplier of two separate contracts to a firm to pay GST on both: Guj AAAR

A company receiving separate orders from the Adani group for inverter duty transformers and supervision services is liable to pay GST on the entire project, ruled Gujarat AAAR

Modi govt has mostly failed in meeting fiscal targets set in Budgets

It seems the glide path given in budgets has been the govt's intention, but the actual conditions turned out to be quite different

Mangrove cultivation different from agriculture, will attract 18% GST: AAAR

The Appellate Authority for Advance Rulings (AAAR) has ruled that cultivation of mangroves is different from agriculture and hence would not be exempted from the Goods and Services Tax (GST)