Discover and read the best of Twitter Threads about #GST

Most recents (24)

[Judgment in UoI vs Mohit Minerals]

Justice DY Chandrachud: The exclusive powers held by state and centre on taxation was an imp legislative part. according to article 246A both parliament and state legislature has equal power to legislate on matters of taxation
Justice DY Chandrachud: there are 2 significant part of GST council voting structure. union has 1/3 td vote share and 2/3 for states. GST council is an area of political contestations as well. it impacts federalism.

#GST #SupremeCourt
Justice DY Chandrachud: 246A treats state and centre as equal. Article 279 says state and centre cannot act independent of each other. This also points towards competitive federalism.

#GST #SupremeCourt
Read 12 tweets
Shoe minting

The thread below is meant to dig deeper into the #STEPN shoe minting activity.
It’s a mixture of information from the white paper ( and community generated data to explain the process and the most profitable way to do so 🧵👇 Image

From the #StepN white paper: “Shoe-Minting Event (SME) is when users use 2 Sneakers, they own, as a blueprint to “breed”, producing a Shoebox in the process.”
Both sneakers need to be at least lvl 5 and unused in any previous mint in the last 48 hours.
Sneakers form the basis of the #STEPN app. It’s a required NFT for anyone wanting to enter the game and looking to earn #GST
There’re several ways someone can earn through #STEPN. Among those options:
#1 Sell off all earned #GST
#2 Use the #GST to lvl up sneakers & mint
Read 13 tweets
#SupremeCourt is hearing a plea seeking #GST and Service Tax exemption for #Hajj Pilgrimage
Bench led by J Khanwilkar: Exemption should be asked for by recipient?

Sr Adv Arvind Datar: Qs is, is Hajj a religious ceremony or not? They have taken stand saying it's commerical activity, no exemption for Badrinath etc
Datar: Point is Hajj is a complex ritual involving non commerical Activities as well

Khanwilkar: Which ritual is simple?
Adv: Kerala marriages are said to be so.
Read 46 tweets


Cognoscenti; a poet with verses
Cognizant; a taxpayer with miseries
Two friends met after five years. One has become a poet & an aficionado of literature. The other has become a businessman. They were happy upon sharing their experiences, they have had in past years. Poet, being excited to share his knowledge, asked his friend to say 'shayaris'.
Businessman: It's not my bailiwick; I couldn't know more except GST in past quinquennium.

Poet: I can understand but try to say something in response; let's go one-on-one.

Businessman: Ok.

Poet: Lemme share few shayaris of #MirzaGhalib.

Businessman: Go ahead!

Banter started.
Read 15 tweets
Great #AMA done on @Stepnofficial #STEPN by @HuobiGlobal , co-hosted by @CryptoCoinCoach and speaker @shitirastogi from StepN.
* StepN in short
* Mission
* NFTs
* Price stability
* Security
* SocialFi
* #BSC
* Luck
* Success stories
* Partnerships 🧵👇
#StepN in short:
* #Move2Earn health and fitness application. Users equip sneakers and then move outdoors to earn token & #NFT rewards.
* Built in wallet & swap marketplace + other features to facilitate easy onboarding of non crypto users.
* #STEPN wants to build a lifestyle app. Not just gamification.
* Mission in 3 steps:
1. Fitness application for people to move outdoor
2. Bridge between #web2 and #web3 (simple mechanic & UI) where people own their own digital assets through NFTs
3. Carbon neutrality
Read 25 tweets
[TREAD] 👨🏻‍🏫

👉🏼 Je vous fais une petite présentation du #GMT et je vous explique pourquoi j’ai beaucoup d’espoir pour l’avenir de ce token.

Allons-y ! 😁
👉🏼 Le #GMT, Green Metaverse Token, est le token de gouvernance du maintenant célèbre Move To Earn #STEPN.
👉🏼 Il est utile dans le jeu (j’y reviendrai)
👉🏼 Il permettra de voter pour décider du montant que donnera StepN afin d’acheter des crédits de compensation carbone. 🪴
👉🏼 Il y aura 6 000 000 000 de #GMT en circulation.
👉🏼 30 % de ces tokens seront obtenus en utilisant l’application.
👉🏼 Tout les 3 ans, la distribution de GMT sera soumise à un #halving. Et oui ! 2 fois moins de tokens émis 👀
Read 12 tweets
*How #SriLanka got ruined*

Lankans voted for #Rajapakshas knowing very well what they did in the past, including corruption, selling out national assets to #China, #dynastic politics and all.

They still voted for them because Rajapakshas promised things they could not refuse.
1. Their #GST, called VAT Tax, on all products was reduced to 8%, thus making everything cheaper in one stroke. (It also killed the govt revenue). People loved things getting cheaper.
2. The minimum #incometax threshold was changed from 5 Lakhs per annum to 30 Lakhs! Very few earned more than 30L!
A very large part of the population became #tax exempt. This was very popular among the salaried class.
Read 22 tweets
#STEPN 是花姐本人今年最关注的项目之一。
原因无需赘述。套用一下@FTX_Benson 的一个方法论:市值天花板够不够高?上涨动力是否持续存在?
如果仅仅将 #stepn 对标 #AXS ,其实项目并没有那么有趣🤔。但我发现 #stepn 真的是社交的一个产品,人们会相约一起跑步🏃‍♀️,一起聚会、下酒馆、喝茶聊天,讨论🏃心得,跑步减肥,各种讨论生鞋子、开鞋盒等等,而这些,你在 #AXS 是看不到的。
从这个角度而言,#STEPN 已然具备了一定的社交属性。一款区块链时代的,兼具游戏+社交+defi属性的产品,此前有过吗?恐怕还没有过,如果这代表的是方向、是趋势、是未来,那么想象空间到底有多大?天花板到底有多高呢?也许是几何式的。
Read 15 tweets
"2021-22 में कर राजस्व केंद्रीय बजट अनुमान से 5 लाख करोड़ अधिक"

2021-22 के केंद्रीय बजट में कर राजस्व 17% की वृद्धि के साथ 19 लाख करोड़ रुपये के संशोधित अनुमान के मुकाबले 22.17 लाख करोड़ रुपये होने का अनुमान लगाया गया था। केंद्रीय बजट 1 फरवरी, 2021 को पेश किया गया था जब (1/5)
भारत में पहली COVID लहर कम हो गई थी, लेकिन दुनिया लगातार लहरों का सामना कर रही थी।

केंद्रीय बजट अनुमानों के मुकाबले ₹22.17 लाख करोड़, पूर्व-वास्तविक आंकड़ों के अनुसार राजस्व संग्रह ₹27.07 लाख करोड़ है, जो बजट अनुमानों से लगभग ₹5 लाख करोड़ अधिक है। यह पिछले वर्षों के (2/5)
राजस्व संग्रह ₹20.27 लाख करोड़ की तुलना में 34% की वृद्धि है, इसमें प्रत्यक्ष करों में 49% की वृद्धि और अप्रत्यक्ष करों में 20% की वृद्धि हुई है।

2021-22 के दौरान सकल कॉर्पोरेट कर पिछले साल के ₹6.5 लाख करोड़ के मुकाबले ₹8.6 लाख करोड़ था, जो दर्शाता है कि कम दरों और (3/5)
Read 7 tweets
Financial Inclusion via Digitisation in India: A 🧵👇🏽

#Indiastack #AadharStack #finance #InnovationForEveryone
A digital infrastructure known as the India Stack is revolutionising access to finance for everyone in the country
Innovation in digital finance means that millions of people in the formal and the informal economy can now accept payments, settle business transactions, and do funds transfer across the country with just a few clicks on their smartphone !📲

#UPI #GST #India
Read 35 tweets
Some useful chart related to #IncomeTax #GST #ROC
Income Tax Rates
TCS Rate Chart
TDS Rate Chart
Carry forward and Set off of Losses
Read 10 tweets
LIVE UPDATES of Union Budget 2022

Watch live here:

#Budget2022 #UnionBudget
LIVE UPDATES of Union Budget 2022

Watch live here:

#Budget2022 #UnionBudget2022 #PMGatiShakti
LIVE UPDATES of Union Budget 2022

Watch live here:

#Budget2022 #UnionBudget2022 #DigitalBanking
Read 17 tweets
Nirmala Sitharaman presents #Budget2022 in Parliament, #Sensex jumps over 800 points

Catch all the #BudgetSession2022 live updates.👇…

The Budget seeks to lay a blueprint for the next 25 years, says the finance minister.

“We are confident of withstanding challenges amid the coronavirus pandemic,” says #NirmalaSitharaman.

Catch all the #Budget2022 live updates.👇…
Nirmala Sitharaman says the government strives to provide necessary ecosystem for middle class.

“This Budget hopes to lay the foundation for Amrit Kal from India at 75 to India at 100,” she adds.

Catch all the #Budget2022 live updates.👇…
Read 64 tweets
The big event begins! Track all the latest on #Budget2022 right here with @ETNOWlive
@FinMinIndia @nsitharaman says this budget plans to steer India over the next 25 years #Budget2022
@FinMinIndia @nsitharaman kicks off talking about #disinvestment. Completion of #AirIndia, Neelachal Ispat and #LICIPO #Budget2022
Read 49 tweets
Finance Minister Nirmala Sitharaman begins her Budget speech in Parliament

#BudgetSession2022 @nsitharaman #incometax #infrastructure @nsitharamanoffc
Nirmala Sitharaman speaks on disinvestment and refers to
- Air India sale
- Neelanchal ISPAT

#BudgetSession2022 @nsitharaman #incometax #infrastructure @nsitharamanoffc
PM Gati Shakti - 7 Engines of growth from Airports, Railways, Roads to Logistics and clean energy has been planned.

#BudgetSession2022 @nsitharaman #incometax #infrastructure @nsitharamanoffc
Read 54 tweets

Finance Minister @nsitharaman is presenting the Union Budget 2022-23 in Parliament

#AatmanirbharBharatKaBudget #Budget2022

Watch here📺…
Union Finance Minister @nsitharaman rises to present #Budget2022 in Parliament

Watch 📡LIVE📡:

Stay tuned for updates

FM @nsitharaman begins presentation of #Budget2022 by expressing empathy with those who had to bear adverse health and economic affects of #COVID19 #Pandemic

Overall sharp rebound and recovery of the economy is reflective of 🇮🇳India's strong resilience

Read 82 tweets
Gita Gopinath says,India to become $4 trillion by 2024-25,which is excellent,despite a debilitating pandemic

#LargestVaccineDrive under #PMModi is working wonderfully well

My thread on #EconomicSurvey2022,which shows,Growth,under @narendramodi govt,is on track

Industrial growth estimated at 11.8% &Services at 8.2% in FY22 show how Economy under @narendramodi is ready to fire on all cylinders

Most Growth Parameters are back to pre-Pandemic levels,as India heads into #UnionBudget2022

#GDP&GVA growth 1.3%&1.9% over Pre #COVID19 levels
#EconomicSurvey shows,be it Operationalisation of Airports or Spread of Bank Branches, @narendramodi govt has truly transformed India,with financial inclusion getting top priority

India set to be Fastest growing for next 2yrs as per IMF,thx to bold reforms by #PMModi
Read 7 tweets
#Budget2022 wish list:

Congratulations to @nsitharaman and @PMOIndia to guide our country thru this #pandemic period. You have avoided excesses of many countries during this period. Thanks to that #India is touted as the next preferred #investment destination.
It is dream of our Hon #PMModi to reach $5 trln economy very soon. For that, besides Govt spending, you will need help from citizens to save, invest and channel the same to productive use through investment vehicles like Mutual Funds.
Our #MutualFund Industry has grown from 25 lac crs to currently 37 lac crs and likely to touch 100 lac crs.

#MF mobilizes #savings of all #Investors - #retail, #HNI, #Institutional and helps in growing our economy by participating in #Debt and #Equity - key drivers for growth
Read 15 tweets
When Rs 2,840,000,000—i.e. Rs 284 crore—is seized from one businessman’s house in the country’s biggest ever tax haul, can there be any confusion on who he is, and whose money it is? In “No.1 state” #UttarPradesh, anything is possible. A thread. #PiyushJain #ShikharPanMasala
2️⃣ Prime minister @narendramodi and UP chief minister @myogiadityanath blithely insinuate that the businessman #PiyushJain was a Samajwadi Party man—and that he was hoarding the cash for SP, the BJP’s arch rival, for use in the upcoming state election. #ShikharPanMasala
3️⃣ To be fair, when news of the raids in #Kanpur and #Kannauj was leaked on the night of December 24, Hindi newspapers @amarujala and @DainikBhaskar were quick to link #PiyushJain with ‘Samajwadi Itr’, a perfume developed for SP. Surprisingly, @JagranNews was more circumspect.
Read 11 tweets
As India races to open up, booming indices and asset prices have catalysed optimism about the promise of the potential. That though is not the complete picture, writes @ShankkarAiyar. #BQOpinion
@ShankkarAiyar The decoupling of cost and valuation fuelled by public monies triggered a transfer of gains to private wealth, with billionaires globally adding over a trillion dollars to their wealth in just in the last 12 months.

Read @ShankkarAiyar in #BQOpinion: Image
@ShankkarAiyar Of the $130 billion added by 19 Indian billionaires, Mukesh Ambani and Gautam Adani added $65 billion, nearly the wealth of Jim Walton, the heir to Walmart, in just one year.

Read @ShankkarAiyar in #BQOpinion:
Read 11 tweets
Chronic Chronology since 2014 LS Polls:-Success Formula & Political Espionage’s r the Key Factor to diminish One & Inflated another. One’PK’made Big & Sent Out made to Accept as the Top Strategists,wt an agenda to Eliminate Congress,Meticulously executed. Who is the HERO? #2024?
My understanding of Indian Politics since 1989 as a @nsui Ldr till date almost 30yrs @RahulGandhi had lost the game before the elections in 2019! Pl recap what all burning issues during 2018 #Demonetisation #GST #TripleTalaq #Article370 #CAA #NRC #PriceRise Etc.Still @RSSorg WON.
Post 2019 WIN the Arrogance of Power which was at its Peak for Ruling BJP as they Bull Dozed everything & anything which the Govt felt they are Right as instructed by RW Bosses. Meanwhile their Nominee & chela was given the Task to ensure BJP is made the Formidable Opposition.
Read 5 tweets
Thread on Some Suggestions in #GST

1. Please provide some Standard Operating Procedure (SOP) for GST Registration and issue proper format of letters required in GST Registration i.e.Consent Letter

This will remove hardship faced by many tax payers
2. Please enable single GST Tax instead of IGST, CGST, SGST, Cess etc and currently there are too many different GST Rates (0, 0.1, 0.25, 0.5, 1, 1.5, 3, 5, 7.5, 12, 18, 28), so combines this GST Rates
3. Please provide same return frequency and make some changes in return filing dates too
Like Monthly GSTR 1 till 13th, then GSTR 2B on 14th, then GSTR 3B till 25th
So that work management become easy for professionals and tax payers
Read 8 tweets
An efficient #GST with high boyancy, needs uniform 15% rate on 3/4th of Goods & services, exemption(0%) on basic food, drugs, health services & education(~1/10 of G&S), & higher rates (avg 30% inclusive of cess) on cigarettes & Autos(~1/10th). Drop higher revenue/rate obsession
2/gst The #GSTcouncil's obsession with immediate revenue raising by increasing rates, is damaging macro economy, by negatively impacting MSME/informal employment, income & consumption, and doing long term damage to inclusive growth and sustained higher revenues for development
3/gst Though in normal circumstances I recommend revenue neutral reform, in current depressed environment, revenue negative reform of GST is preferable to revenue positive GST reform, because it will provide a demand stimulus which will quickly recover the short term revenue loss
Read 5 tweets
45th @GST_Council meeting is being held, under the chairpersonship of Finance Minister @nsitharaman

FM will address a press conference after the meeting, tentatively at ⏰6 PM

Catch LIVE updates on @PIBMumbai, in this tweet thread🧵

Finance Minister @nsitharaman to address the media on the outcome of 45th #GSTCouncilMeeting, in an hour

Live from⏰6:30 PM

Stay Tuned for Updates 👇

📡Live Now📡

What are the outcomes of the just-concluded 45th @GST_Council meeting?

Stay tuned, for LIVE updates from the media conference by Union Finance Minister @nsitharaman

Read 37 tweets

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