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5, 12 or 18%? Row Bubbles Up Over GST On Popcorn, Council Clarifies
GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
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Japan Crypto Exchanges Pushing For Margin Trading Relaxation For Sector Growth
Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.
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Online Gaming Sector to Attract Investment Once Taxation Policy Is Finalised: FM Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised.
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Nothing Outlaws Crypto as Long as You Follow Legal Process, MoS IT Rajeev Chandrasekhar Says
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said Thursday that here was no issue with cryptocurrencies in India if all laws were followed. Speaking at an event in Bengaluru, he said: "There is nothing today that outlaws crypto as long as you follow the legal process."
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In Meet With Jeff Bezos, UK's Boris Johnson Discusses Amazon Tax Record
British Prime Minister Boris Johnson discussed the issue of taxation when he met Amazon's founder Jeff Bezos in New York, Downing Street said.
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Does Papad Shape Affect GST? Harsh Goenka's Query Answered By Tax Body
Industrialist Harsh Goenka took to Twitter to ask about taxation on different shapes of Papad. An Indian tax body clarified the issue.
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Income Tax on Cryptocurrency Gains: What Do the Rules Say?
Cryptocurrency trading gains lie in a gray area as per the Indian taxation laws. Find out if you have to declare and pay income tax on your cryptocurrency investment gains.
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"Glad We Have Put An End To It": P Chidambaram On Retro Tax Withdrawal
With Lok Sabha passing a bill that aims to end all retrospective taxation, senior Congress leader and former finance minister P Chidambaram Friday said he is glad that an issue that had been troubling India for eight years has been put to an end.
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Amazon, Facebook, Google, More Big Tech’s Digital Taxation Debate Heating Up on Global Stage
An international debate over how countries tax big US technology companies such as Google, Amazon, and Facebook is heating up, presenting a challenge for US President Joe Biden's new administration.
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Centre Informally Proposed GST Rate Rejig Once A Year: Finance Minister
"In GST, when you have come to certain level or grade, periodically changing it leads to inversion problems, refund issues and so on. So, therefore, when one item's rate of taxation is brought down, a lot of other ripple effects are created, and with that, either the refund gets affected, or businesses rightly feel they cannot plan how much they ha...
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Formula One Might Return to India Soon
The Indian Grand Prix was first held at the Buddh International Circuit in 2011. Subsequently, Formula 1 returned to India in 2012 and 2013, the latter being the year Sebastian Vettel sealed his 4th world championship (and last with Red Bull). The Indian Grand Prix though has not been held since then due to issues with government taxation even thou...
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UP Gang Found Complex Way To Make Fake Aadhaar Cards, Say Police
The police in Uttar Pradesh arrested 10 men on Sunday who they said are members of a gang that was involved in counterfeiting Aadhaar cards, hailed for their bulletproof biometric features at the centre of the government's push for reforms in welfare, taxation and communications.
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Vedanta To Invest Rs 50,000 Crore On India Business Expansion: Anil Agarwal
Vedanta Resources chairman Anil Agarwal also expressed hope that the retrospective taxation issue between Cairn Plc and the government would soon be sorted out.
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GST Impact On Real Estate: Will Property Prices Come Down?
Amid the issue of double taxation, it has been made clear that all under construction flats would be charged only at 12 per cent.
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What Reserve Bank Chief Urjit Patel Said On Apple, IBM, Cisco
The RBI chief said the calls for protectionism in the United States were on account of equity and domestic distribution issues which"textbook economics tells us should be addressed through domestic fiscal policy" such as taxation and income transfers.
-
5, 12 or 18%? Row Bubbles Up Over GST On Popcorn, Council Clarifies
GST Council on Saturday agreed to issue a clarification on taxation of popcorn, saying that pre-packed and labelled ready-to-eat snacks will attract a 12 per cent tax while an 18 per cent GST will be levied if it is caramelised.
-
Japan Crypto Exchanges Pushing For Margin Trading Relaxation For Sector Growth
Japan’s crypto exchanges are pushing for a relaxation of curbs on margin trading, unbowed by last year’s global digital-asset market crash. Many people in the industry want permitted leverage for retail investors of four to 10 times whereas currently, customers can at most double exposure via borrowing.
-
Online Gaming Sector to Attract Investment Once Taxation Policy Is Finalised: FM Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the GST Council is deliberating on taxation policy for online gaming and exuded confidence that the sector will attract investment once it is finalised.
-
Nothing Outlaws Crypto as Long as You Follow Legal Process, MoS IT Rajeev Chandrasekhar Says
Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, said Thursday that here was no issue with cryptocurrencies in India if all laws were followed. Speaking at an event in Bengaluru, he said: "There is nothing today that outlaws crypto as long as you follow the legal process."
-
In Meet With Jeff Bezos, UK's Boris Johnson Discusses Amazon Tax Record
British Prime Minister Boris Johnson discussed the issue of taxation when he met Amazon's founder Jeff Bezos in New York, Downing Street said.
-
Does Papad Shape Affect GST? Harsh Goenka's Query Answered By Tax Body
Industrialist Harsh Goenka took to Twitter to ask about taxation on different shapes of Papad. An Indian tax body clarified the issue.
-
Income Tax on Cryptocurrency Gains: What Do the Rules Say?
Cryptocurrency trading gains lie in a gray area as per the Indian taxation laws. Find out if you have to declare and pay income tax on your cryptocurrency investment gains.
-
"Glad We Have Put An End To It": P Chidambaram On Retro Tax Withdrawal
With Lok Sabha passing a bill that aims to end all retrospective taxation, senior Congress leader and former finance minister P Chidambaram Friday said he is glad that an issue that had been troubling India for eight years has been put to an end.
-
Amazon, Facebook, Google, More Big Tech’s Digital Taxation Debate Heating Up on Global Stage
An international debate over how countries tax big US technology companies such as Google, Amazon, and Facebook is heating up, presenting a challenge for US President Joe Biden's new administration.
-
Centre Informally Proposed GST Rate Rejig Once A Year: Finance Minister
"In GST, when you have come to certain level or grade, periodically changing it leads to inversion problems, refund issues and so on. So, therefore, when one item's rate of taxation is brought down, a lot of other ripple effects are created, and with that, either the refund gets affected, or businesses rightly feel they cannot plan how much they ha...
-
Formula One Might Return to India Soon
The Indian Grand Prix was first held at the Buddh International Circuit in 2011. Subsequently, Formula 1 returned to India in 2012 and 2013, the latter being the year Sebastian Vettel sealed his 4th world championship (and last with Red Bull). The Indian Grand Prix though has not been held since then due to issues with government taxation even thou...
-
UP Gang Found Complex Way To Make Fake Aadhaar Cards, Say Police
The police in Uttar Pradesh arrested 10 men on Sunday who they said are members of a gang that was involved in counterfeiting Aadhaar cards, hailed for their bulletproof biometric features at the centre of the government's push for reforms in welfare, taxation and communications.
-
Vedanta To Invest Rs 50,000 Crore On India Business Expansion: Anil Agarwal
Vedanta Resources chairman Anil Agarwal also expressed hope that the retrospective taxation issue between Cairn Plc and the government would soon be sorted out.
-
GST Impact On Real Estate: Will Property Prices Come Down?
Amid the issue of double taxation, it has been made clear that all under construction flats would be charged only at 12 per cent.
-
What Reserve Bank Chief Urjit Patel Said On Apple, IBM, Cisco
The RBI chief said the calls for protectionism in the United States were on account of equity and domestic distribution issues which"textbook economics tells us should be addressed through domestic fiscal policy" such as taxation and income transfers.
