Centre authorises release of tax devolution of Rs 72,961 crore to states

2023-11-07 13:26:56 New Delhi, The Centre on Tuesday authorised release of tax devolution of Rs 72,961.21 crore to states for November. “The Union Government has authorised the release of tax devolution of Re 72,961.21 crore to State Governments for the month of November 2023, on 7th November instead of the usual date 10th November,” the … Read more

Black Hills Tourism: Road Construction Impact and Positive Trends for 2024

2023-10-26 02:23:00 RAPID CITY, SD (OLD) – It has been another great year for tourism in the Black Hills. Visitors spent $1.1 billion in the Black Hills and Badlands from January to August this year. The highways that bring tourists in are a main factor for a successful tourism season, but road construction projects could … Read more

gst: DGGI detects Rs 1.36 lk cr tax evasion in H1 of FY24

2023-10-18 18:14:58 New Delhi: The Directorate General of GST (goods and service tax) Intelligence (DGGI) has detected tax evasion of ₹1.36 lakh crore in the first six months of the current financial year (FY24) and received ₹14,108 crore as voluntary tax payment. The ₹1.36 lakh crore included 1,040 fake Input Tax Credit (ITC) cases involving … Read more

Alibaba releases results for the fourth quarter of fiscal year 2023; Cainiao and Hema launch plans to go public

2023-05-19 05:59:15 Share to WeChat Open WeChat, click “Discovery” at the bottom,Use “scan” to share the webpage to Moments. China Business News 2023-05-19 13:58:05 Editor in charge: Hao Yunying On the evening of May 18, Alibaba Group announced its results for the fourth quarter of fiscal year 2023. According to the financial report, Alibaba Cloud … Read more

India foreign trade News: India’s foreign trade set to cross US$ 1.6 trillion mark this fiscal: Report

India’s foreign trade is expected to cross the USD 1.6 trillion mark this fiscal despite global economic uncertainties, economic think tank GTRI said in a report. The Global Trade Research Initiative (GTRI) said the USD 1.6 trillion would be about 48 per cent of India’s nominal GDP of USD 3.4 trillion for the fiscal year … Read more

Tax Devolution: Centre releases Rs 1.40 lakh crore tax devolution amount to states

The government has released the 14th instalment of tax devolution of more than Rs 1.40 lakh crore to states. “The Union Government has released 14th instalment of tax devolution to state governments amounting to Rs 1,40,318 crore today, as against normal monthly devolution of Rs 70,159 crore,” the finance ministry said in a statement on … Read more

HPCL news: HPCL switching from dollar to dirham & rouble to pay for Russian oil to avoid price cap issues

New Delhi: Hindustan Petroleum Corp (HPCL) is increasingly switching from dollar to dirham and rouble to pay for Russian oil to avoid trouble arising from the price cap imposed by the G-7 countries, according to people familiar with the matter. HPCL, which has used 2 million tonnes of Russian crude of the total 17 million … Read more

gst: India will not merge GST tax rates in 2023/24, government official says

India will not overhaul its Goods and Services Tax (GST) regime in the next fiscal year, a senior official said on Monday, delaying a move it has been considering for more than a year to simplify its tax structure and reduce the burden on consumers. The country currently has five tax rates for GST, which … Read more