GST WEEKLY UPDATE :09/2024-25 (02.06.2024) GSTN Introduces Option to Choose Personal Hearing in GST DRC-01 Responses: The GSTN has enabled a new feature allowing taxpayers to select ‘Yes’ or ‘No’ for a personal hearing while replying to GST DRC-01 on the GST Portal. Previously, the portal automatically selected the ‘No’ option for a personal hearing […]
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The Income Tax Department, in a recent notification, has mandated that taxpayers link their Permanent Account Number (PAN) with their Aadhaar by May 31, 2024, after this date your PAN will become Inoperative and will be of no use as you cannot use if for any financial transaction, KYC, leads to higher tax deductions, cannot File […]
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Misconception that cashless transactions are less traceable by the Income Tax Department has arisen due to the increasing prevalence of such transactions. Nevertheless, this belief is incorrect. This is because banks and other financial institutions must notify the Income Tax department of transactions surpassing a specified threshold. This encompasses card payments, UPI transactions, as well as cash […]
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Note Paraphrased: In the forthcoming MPC session, the RBI is projected to maintain the current key lending rates, marking the eighth successive instance, as the economy grapples with food inflation and erratic climatic conditions. The RBI’s meeting from June 5-7 will consider various factors influencing its decision-making process. The repo rate has been steady at […]
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In April, the year-on-year growth of banks’ non-food credit slowed to 19.1%, reaching Rs 164.76 trillion, a slight decrease from the 20.2% growth observed the previous month, according to the RBI’s latest credit deployment data. When not considering the HDFC merger, the credit uptake increased by 15.3%. Credit provided by banks to agriculture and related […]
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Audi has introduced the Q7 Bold Edition in India, with a price tag of Rs 97.84 lakh (ex-showroom). Following the recent launch of the Q3 Bold Edition, the limited run Q7 variant is now available in four additional exterior colors: Glacier White, Mythos Black, Navarra Blue, and Samurai Grey. The Audi Q7 Bold Edition features […]
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A credit card is a system in which every month, the purchases you make within a certain time frame are added up and then you are billed. To make everything run smoothly, you need to pay that bill before a specific date called the due date. This keeps your credit in good standing and helps […]
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Mr. Chandrakant Salunkhe, Founder & President, SME Chamber of India & Federation of Indian SME Associations had met Dr. Vivek Joshi, Secretary and Dr. Bhushan Kumar Sinha, Joint Secretary of Department of Financial Services, Ministry of Finance, Government of India to present suggestions and Grievances pertaining to SME sector and presented Activity Report of the […]
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According to estimates a whopping Rs 10.7 lakh crores – is locked up in delayed payments from buyers to suppliers in the Indian economy – an estimated 7.8 per cent of the GDP, with 80 per cent of this estimated amount owed to micro and small enterprises, totalling Rs 8.55 lakh crore. The government and […]
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Jana Small Finance Bank, one of India’s leading small finance bank, announced the launch of two new premium account offerings, Exclusive and Legend, designed to cater to the evolving needs of its diverse customer base. Exclusive, a premium banking program, is tailored to meet the Banking and lifestyle needs of affluent customers. Exclusive Program redefines […]
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