The Finance Ministry is expected to review the goods and services tax (GST) rates applied on digital news subscription, as per sources. This comes after the Information and Broadcasting Ministry made the recommendation to the Finance Ministry to reduce the GST rate on digital news subscription, sources added. The online media outlets have been demanding … Read more
For a period of five years, till the fiscal year 2027–2028, the income of the Unique Identification Authority of India (UIDAI) is exempt from income tax payment, according to the finance minister. Thus, income tax would not apply to grants or subsidies from the central government, fees or subscriptions (such as RTI, tender, scrap, and … Read more
According to the finance ministry, the Union Government has authorized the release of an additional payment of tax devolution equal to 72,961.21 crore ahead of the upcoming holidays and New Year. According to the statement, the action intends to strengthen state governments’ hands in financing different social welfare programs and infrastructure development plans. This is … Read more