Towards becoming a five trillion dollar economy & beyond, Govt increased its capex budget by about 35% in 2021-22 & by another 35% in 2022-23.
CHANGES IN GST SLAB – At present, there is no recommendation from the GST Council for change in the existing GST rate slabs.
All eligible bodies including District Mineral Foundation Trusts can apply for exemptions as per Section 10(46) of Income-tax Act, 1961
Government takes several steps from time to time to check GST evasion including Using robust data analytics and artificial intelligence to identify and track risky taxpayers and detect tax evasion.
Govt has wef 1st July 2022 imposed duties/cesses on domestically produced Crude Petroleum & export of Petrol, Diesel and Aviation Turbine Fuel
There is no mention of the term re-sealing of property in SARFAESI Act, 2022 and the Recovery of Debts and Bankruptcy (RDB) Act, 1993
Perquisites includes the value of any concession in the matter of rent respecting any accommodation provided to the assessee by his employer.
In order to tackle menace of illicit deposit Ponzi Schemes which dupe people of their hard earned savings, and to protect interests of people,
DRI detected a case of evasion of Customs duty by resorting to wilful mis-declaration in description of certain items imported for use in manufacture of mobile phones.
No person shall finance any activity which is prohibited under this Prohibition Act, or under the United Nations (Security Council) Act, 1947 or any other relevant on financing Act for the time being in force, or by an order issued under any such Act, in relation to weapons of mass destruction and their delivery systems.
