Hyderabad (Telangana) [India], August 18: Today, EZTax, India's top tax filing portal, unveiled a new edition of its self-service (DIY) Income Tax e-Filing portal with significant artificial intelligence (AI) upgrades to save on taxes, reduce errors, and reduce e-filing time by 30%.
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.
The government's recent decision to rationalise Goods and Services Tax (GST) rates is likely to ramp up domestic demand and lift consumer sentiment, according to a report by Centrum Institutional Research.
"If you put secondary sanctions on a country - let's say you were to go after the oil sales of Russian oil to China. Well, China just refines that oil. That oil is then sold into the global marketplace, and anyone who's buying that oil would be paying more for it or, if it doesn't exist, w
According to an airline spokesperson, the cockpit crew noticed the issue and, in line with Standard Operating Procedures, discontinued the take-off run. The AI504 aircraft was then taxied back to the bay for inspection.
"For us, reform means the expansion of good governance," said the Prime Minister, emphasising that continuous focus is being placed on reforms. He made the marks during the inauguration ceremony of two major National Highway projects worth a combined cost of nearly Rs.11,000 crore in the nat
"Congress has been saying from the beginning that its (GST) slabs are unjust, and Rahul Gandhi had even called it the Gabbar Singh Tax. Today, the Prime Minister has realised that with the Bihar elections approaching, fearing defeat, he felt that the GST slabs should be reduced... Our opi
After Prime Minister Narendra Modi announced reforms on Goods and Services Tax (GST), Congress has demanded an official discussion paper for an informed and wider debate on it.
Industry body Confederation of Indian Industry (CII) has welcomed the upcoming reforms in Goods and Services Tax (GST) as announced by Prime Minister Narendra Modi from the Red Fort during his Independence Day address to the nation.
Most of the "common man items" are proposed to be moved to the lower GST slab rate of 5 per cent under the GST rationalisation initiative, government sources said on Friday, noting that the Centre will closely engage with states to build a broad-based consensus in the coming weeks.
In a path-breaking initiative relating to the Goods and Services Tax structure, the Central Government has proposed to scrap the current slab of 12 per cent and 28 per cent of GST rates and keep only 5 per cent and 18 per cent GST rates, government sources said on Friday.
The Maharashtra Chief Minister extended heartfelt gratitude to Prime Minister Narendra Modi for "constantly working to relieve the tax burden of the common man."