Finance minister Nirmala Sitharaman on Monday pitched the India story to a large group of pension funds and institutional investors in the US and impressed on them to take advantage of India’s enormous investment opportunities. Sitharaman addressed a roundtable on “Investment Opportunities in India” at the New York Stock Exchange (NYSE), the world’s oldest and … Read more
New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the Carbon Border Adjustment Mechanism or CBAM is unilateral and arbitrary and will hurt India’s exports after its implementation by the European Union. CBAM are tariffs that will apply on energy-intensive goods imported into the European Union (EU). The EU has decided to impose carbon tax … Read more
Tax changes from October 1: In her first Budget presentation under the Modi 3.0 government, Finance Minister Nirmala Sitharaman introduced significant alterations to the taxation system, particularly affecting investors and shareholders. Among the key changes announced was the hike of the securities transaction tax (STT) on Futures & Options (F&O) of securities to 0.02% and … Read more
NPS Vatsalya: Union Finance Minister Nirmala Sitharaman on Wednesday during the launch of the NPS Vatsalya scheme said that parents and guardians should consider investing in NPS Vatsalya for their minor kids for their birthdays and other occasions. NPS Vatsalya is a pension scheme focused on minors. It enables parents and guardians to contribute a … Read more
Finance Minister Nirmala Sitharaman will formerly float the NPS Vatsalya scheme on September 18, 2024, almost two months after announcing it in the Union Budget 2024. The scheme, which is an extension of the existing National Pension Scheme, is focused on children and the investment made in this account will be to ensure long-term wealth. … Read more
Finance Minister Nirmala Sitharaman made it clear that there will be no reduction in tax rates under the old regime, addressing calls from taxpayers for similar rate cuts to both old and new regimes. The minister, who was speaking at a News18 event, clarified that the government is not forcing anyone to switch from the … Read more
GST meeting: At the GST meeting, central and state tax officials are expected to present a detailed “status report” regarding taxation related to online gaming and similar activities. This report will specifically outline the collection of GST revenue from the online gaming industry both pre and post October 1, 2023. As of October 1, … Read more
The 54th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and featuring state finance ministers and tax officials, is set to take place today (September 9). The session will address several critical topics, including the taxation of insurance premiums, proposed rate rationalisations, and a review of online gaming revenues. Taxation on health and … Read more
The GST Council on Monday (September 9, 2024) is expected to deliberate on a host of issues, including taxation of insurance premium, GoM’s suggestions on rate rationalisation, and a status report on online gaming, sources said. Sources claimed the fitment committee, comprising Centre and State tax officials, will present a report on GST levied on … Read more
Ahead of the GST Council meeting next week, the states could not come to a consensus on health insurance premium from Goods and Services Tax (GST). According to a report in Moneycontrol, the Fitment Committee, comprising revenue officials from both the state and Centre, has been trying to reach a consensus on the contentious issue … Read more