Business Concept’s Daily E-News Letter- 23rd September 2021. Only for TC VIP Users

Business Concept’s Daily E-News Letter- 23nd September 2021

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GST

GST / September 23, 2021

The Karnataka Assembly on Tuesday passed Karnataka GST (Amendment) Bill, Town and Country Planning (Amendment) Bill and the Karnataka Police (Amendment) Bill. The Karnataka Goods and Services Tax (Amendment) bill, according to the state Law and Parliamentary Affairs Minister J C Madhuswamy, was in tune with the changes brought by the Central government to the …

Karnataka Assembly passes three bills related to GST, town planning and online gamblingRead More »

GST clarifications to benefit IT industry

GST / September 23, 2021

The Central Board of Indirect Taxes and Customs (CBIC)’s clarification on the scope of intermediary services will ensure that exports of R&D in software, business process management and IT services are not denied ‘export status’.This will give a boost to the Indian IT industry, as GST refunds will be smoother. The IT industry will also …

GST clarifications to benefit IT industryRead More »

Swiggy, Zomato reach out to govt for clarity on GST

GST / September 23, 2021

Food delivery companies Swiggy and Zomato NSE 1.44 % have reached out to the government and sought clarification around the recent decision to treat them on a par with restaurants under the Goods and Services Tax (GST) framework. The companies want clarity around how the GST would be levied and whether this could lead to “tax cascading” …

Swiggy, Zomato reach out to govt for clarity on GSTRead More »

A time to introspect: On Centre-State dialogue and GST

GST / September 23, 2021

More Centre-State deliberations needed with GST regime at a critical turning point At its first physical meeting during the pandemic, the GST Council approved a flurry of changes. Concessional tax rates on vital COVID-19 equipment such as oxygen concentrators will lapse on September 30, while the lower rates on medicines were extended till December. Whatever the …

A time to introspect: On Centre-State dialogue and GSTRead More »

It’s good that India wants just two GST slabs⁠ but it has to ensure it doesn’t hurt consumers

GST / September 23, 2021

The Indian government wants fewer tax slabs under the goods and services tax (GST) regime. Recently, Chief Economic Advisor K V Subramanian said that GST could be turned into a three-rate structure by merging two existing tax slabs. However, experts say that it could also be down to just two slabs, eventually. And the latest …

It’s good that India wants just two GST slabs⁠ but it has to ensure it doesn’t hurt consumersRead More »

Explained | Why did GST Council refuse to bring petrol, diesel under its ambit?

GST / September 23, 2021

The story so far: The Goods and Services Tax (GST) Council last week decided to not bring petrol and diesel under the ambit of the GST. The proposal to bring domestic fuels under the GST was taken up by the Council after an order by the Kerala High Court but members of the Council refused to accept …

Explained | Why did GST Council refuse to bring petrol, diesel under its ambit?Read More »

INCOME TAX

Sonu Sood opens up about income tax raids and other financial allegations: I’ve not wasted any money

INCOME TAX / September 23, 2021

“Zabardast” is Sonu Sood’s reply when we ask him how he’s doing, especially after the last two days that have been extremely tough for him. It was recently revealed that his premises and house were raided by Income Tax department for alleged tax evasion. And every noble thing he did during the past one-and-a-half years …

Sonu Sood opens up about income tax raids and other financial allegations: I’ve not wasted any moneyRead More »

Can you claim Income Tax benefit on HRA if living with parents during work from home?

INCOME TAX / September 23, 2021

Income Tax Benefit on HRA During Work From Home: Tax exemption on House Rent Allowance (HRA) is an important benefit available to salaried persons. HRA comes as a part of salary and can be availed by employees who are living in rented accommodations. However, in FY 2020-2021, a large number of salaried individuals, especially youngsters, stayed …

Can you claim Income Tax benefit on HRA if living with parents during work from home?Read More »

EPFO

Download UAN and PPO from Digilocker, know the process

UAN card, Pension Payment Order (PPO) and Scheme Certificate can be downloaded from Digilocker. EPFO has said that now Pension Payment Order (PPO) and Universal Account Number (UAN) will be available on Government’s e-locker service Digilocker. After this EPFO ​​subscribers can download their UAN and PPO from Digilocker itself.

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Business & Economy

Launch of National Single Window System for Investors and Businesses, towards making India Aatmanirbhar

“Launch of National Single Window System, is a giant leap, towards making India Aatmanirbhar” said Shri Piyush Goyal while Launching the facility.

Union Minister for Commerce & Industry, Textiles, Consumer Affairs & Public Distribution Shri Piyush Goyal said that NSWS will usher in Azadi from legacy of running to Govt. offices  for approvals and registrations  He said that in this 75 weeks of “Azadi ka Amrit Mahotsav”, we can share “Azadi ka Amrit” with Investors, Business owners (MSMEs) not only form India but from the world.The Minister said that 

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