#GSTAt5: The Goods and Services Tax regime is set to complete five years on June 30. 🙌
On the run-up to its fifth anniversary, here's a 🧵of our best stories to bring you up to date with everything related to #GST.
Keep scrolling down 👇
#GSTAt5: It has been almost five years since the GST was introduced in India and it is now time to review whether one of the country’s most transformational tax reforms since Independence has delivered on its promise!
#GSTAt5: Almost five years on, accountants complain of multiple glitches in the system hailed as the single biggest tax reform in post-independence India when it was introduced.
#GSTAt5: The implementation GST led to uniform tax rates across country but issues including the need for lower tax rates need to be tackled to further strengthen the framework, small and medium (SME) business owners told @PiyushS_07.
Challenges such as slowing growth, supply chain disruptions, soaring inflation, rising interest rates & fears of recession present an opportunity to transition to new ways to gain market share.
⚡️ This is where it all started, when #MCInsider wrote an item about a dealer at a fund house driving around in a Lamborghini, pointing to disproportionate assets to income (May 2).
ON May 4, just 2 days later, #AxisMF suspended two of its officials/fund managers. The names of the fund managers (one of whom was the chief dealer) coincided with the word on the street that one of them was the suspect, driving the said Lamborghini, as also broken by #MCInsider.
⚡️ ON May 6, MC broke the story that the fund house had suspended Joshi, along with assistant fund manager Deepak Agarwal, on allegations on irregularities.
#MCMasterclass ⚡️ "Crypto isn't a quick rich scheme. If you want to be speculative and take risks, allocate a small portion of your portfolio," says @simplykashif of @Bitinning.
#MCMasterclass⚡️ "Same person has a different behavioural mindset when they invest in stocks and in crypto. As the market grows and so does the education around it, things will fall in place," says @simplykashif of @Bitinning.
#NewsAlert: Cabinet approves Amendments to National Policy on Biofuels -2018.
Stay tuned for more details!
Main amendments:-
🔹More feedstocks for production of biofuels
🔹Advance 20% ethanol blending to ESY 2025-26 vs 2030
🔹Units located in SEZ/ Export Units (EoUs)
🔹To add new members to NBCC
🔹Permission for export of biofuels in specific cases
🔹To delete/amend phrases in Policy.
Cabinet empowers boards of CPSEs to decide on closure, divestment of units/ subsidiaries: Official statement.
India’s #power situation may be “comfortable” in May-Aug, but could be challenging in Sept-Nov if #coal supply is impacted during monsoon, @IEX_India_ CMD Satyanarayan Goel told @rachitaprasad.
In May, wind will pick up and we will get almost about 150 million units of extra generation through #windenergy, said Goel in an interview with @rachitaprasad.