Analyzing the Current State of G-Sec Yields and Systemic Liquidity

The financial landscape is witnessing some notable changes, particularly in G-sec yields and liquidity conditions. Let’s explore these dynamics in detail. G-Sec Yields and RBI’s Rate Decisions G-sec yields are anticipated to ease further, as the Reserve Bank of India (RBI) is expected to maintain the current interest rates in its upcoming June review. This … Continue reading Analyzing the Current State of G-Sec Yields and Systemic Liquidity

Upcoming Economic Data to Shape the New Government’s Economic Narrative

Next week, crucial economic data releases will set the stage for the new government’s policy framework. Five key high-frequency indicators will be unveiled, and apart from GST collections, all are expected to surpass estimates. GDP and Fiscal Deficit Data The Government’s Statistics Office will release the growth data for FY24 and Q4 of FY24 on … Continue reading Upcoming Economic Data to Shape the New Government’s Economic Narrative

High GST Rates Impact Entry-Level Car Sales—FADA

The President of the Federation of Automobile Dealers Associations (FADA), Manish Raj Singhania, has called for a reduction in the Goods and Services Tax (GST) on automobiles to 18 percent. He asserts that the high GST rate, currently at 28 percent, significantly hampers the sales of entry-level cars and two-wheelers, particularly affecting customers in rural … Continue reading High GST Rates Impact Entry-Level Car Sales—FADA

A New Tool in the Fight Against Tax Evasion plaguing the pan masala and tobacco industry

In a bid to tackle tax evasion plaguing the pan masala and tobacco industry, the GST Council has rolled out a groundbreaking initiative. The introduction of machine registration via the GST portal marks a pivotal step towards enhancing compliance and curbing illicit practices within the sector. Effective May 15, 2024, manufacturers of pan masala, gutka, … Continue reading A New Tool in the Fight Against Tax Evasion plaguing the pan masala and tobacco industry

ICICI Lombard Faces ₹288 Crore GST Show-Cause Notice

ICICI Lombard General Insurance Company Ltd is currently addressing a significant fiscal challenge. The company has been issued a GST show-cause notice worth ₹288 crore for the fiscal year 2020, according to a recent update from CNBC-TV18 on X (formerly Twitter). Financial Performance Highlights Despite this regulatory hurdle, ICICI Lombard has demonstrated robust financial performance. … Continue reading ICICI Lombard Faces ₹288 Crore GST Show-Cause Notice

Game-Changing GST Exemption Could Revolutionize Foreign Airline Operations in India

In an ongoing effort to streamline the financial obligations of foreign airlines operating within India, the government is contemplating exempting services rendered between the head offices and local branches of these airlines from the Goods and Services Tax (GST). This potential exemption could significantly impact the financial and operational dynamics of foreign airlines with offices … Continue reading Game-Changing GST Exemption Could Revolutionize Foreign Airline Operations in India

Stunning Surge—Madhya Pradesh and Uttar Pradesh Soar Past 18% SGST Growth in FY24!

An in-depth analysis of GST collections reveals significant variations in growth rates among states, influenced by factors such as population, capital expenditure, consumption patterns, and compliance initiatives. As the economy stabilizes post-COVID, the GST system is gaining momentum, with certain states outperforming others in SGST (State Goods and Services Tax) collections. High Performers in SGST … Continue reading Stunning Surge—Madhya Pradesh and Uttar Pradesh Soar Past 18% SGST Growth in FY24!

Achieving Rs 2 Lakh Crore Monthly GST Collections by FY 2025-26

The goal of reaching Rs 2 lakh crore in monthly GST collections by FY 2025-26 is ambitious yet attainable, according to tax expert Rajat Mohan, Executive Director at MOORE Singhi. This target, while seemingly high for FY 2024-25, could be realistic with strategic enhancements in the GST framework. Record-Breaking GST Collections India achieved its highest-ever … Continue reading Achieving Rs 2 Lakh Crore Monthly GST Collections by FY 2025-26

History of Indirect Tax in India

Taxation is an essential component of any nation’s economic structure, and it can be broadly divided into two categories: direct taxes and indirect taxes. Understanding the distinction between these two types is crucial for grasping how governments generate revenue and how these taxes impact individuals and businesses. Direct Taxes: These are imposed directly on the … Continue reading History of Indirect Tax in India

GST Authorities Addressing Shared Warehouse Registration for E-Commerce Suppliers

GST officers are developing a new registration mechanism for shared warehouses used by e-commerce suppliers. This initiative aims to address the complications arising when multiple suppliers register the same warehouse as their ‘additional place of business’ under GST regulations. Understanding the Issue The problem emerged because numerous suppliers geo-tagged the same warehouse as their business … Continue reading GST Authorities Addressing Shared Warehouse Registration for E-Commerce Suppliers