The RBI suggested in a December 2023 report that with GST impacting ‘vertical fiscal imbalance’, states should consider collecting additional taxes under the head ‘States’ Own Tax Revenue’.
It wasn’t immediately clear why these searches were conducted. Lenovo is one of several Chinese tech companies that central government has accused of evading GST & customs duties.
The raid for alleged tax evasion comes after Munde completed her Shiv Shakti Parikrama pilgrimage, seen as the Maharashtra OBC leader's attempt to consolidate her support base.
The decision to increase the tax rate on online gaming demonstrates that the GST regime still exhibits stratification, deviating from the original aim of uniformity.
It will deter consumers from using legitimate platforms & may promote betting and gambling, they add. Industry contributed more than Rs 2,200 cr GST in 2022.
Mineral security is no longer just an economic concern but a national security imperative, underpinning the country’s ambitions in clean energy, defence self-reliance, and advanced manufacturing.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
BJP has no dynastic succession, at least not at the top. You can trace this back to Vajpayee-Advani era. This act of spotting, empowering younger talent is even more striking with the choice of BJP presidents.
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