Last Updated:January 30, 2025, 18:12 IST While the abolition of the Dividend Distribution Tax (DDT) in FY 2020-21 was a step towards aligning with global best practices, the current framework has led to the issue of double taxation; here are expectations from the Budget 2025: Rationalising the dividend taxation for resident shareholders could lead to
Last Updated:January 30, 2025, 15:26 IST The industry expects that the government will focus on rationalising GST rates on sanitary ware products to make them more accessible The Indian sanitaryware sector is projected to reach a market valuation of approximately $948.5 million by 2025, growing at a CAGR of 7.9 per cent from 2024 to
Last Updated:December 03, 2024, 22:38 IST The CBIC on Tuesday said the GoM on GST rate rationalisation is yet to submit its recommendations to the GST Council, which is the final decision making body in fixation of tax rates. It said the GST Council is empowered to recommend GST rates including changes to them. (Representative
The group of ministers (GoM) on GST rate rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, has discussed tax rate tweaks on over 100 items, including lowering taxes on certain goods from 12 per cent to 5 per cent, to give relief to the common man, West Bengal Finance Minister Chandrima Bhattacharya said on
GST GoM on Rationalisation to meet on September 25. The six-member GoM on GST Rate Rationalisation, led by Bihar Deputy Chief Minister Samrat Chaudhary, will likely focus on the possibility of merging the 12 per cent and 18 per cent GST slabs. The Group of Ministers on GST rate rationalisation, under Bihar Deputy Chief Minister
Life insurance, a cornerstone of financial planning, plays a pivotal role in safeguarding the future of families across India. Lower GST rates will directly reduce the cost of life insurance premiums, making them more accessible to a wider range of income levels. Written by Nitin Mehta: Life insurance, a cornerstone of financial planning, plays a
Currently, there are five slabs — 0 per cent, 5 per cent, 12 per cent, 18 per cent, and 28 per cent. “Why disturb something which is going on smoothly,” says Krishna Byre Gowda, Minister of Revenue of Karnataka, on GST slab changes. Bihar Deputy Chief Minister Samrat Chaudhary, who is the convenor of GST