Sitharaman s efficient tax administration highlighted in maintaining stable revenues with a pro-poor approach in GST implementation. Despite lower tax rates, revenues reached pre-GST levels, benefiting states. The turnover threshold rose, tax submissions reduced, and tax buoyancy improved post-GST implementation.
Arvind SmartSpaces reported its highest-ever sales at Rs 1,107 crore in 2023-24, up 38% from the previous year. The company s net profit increased 62% to Rs 41.6 crore, while revenue from operations grew 33% to Rs 341 crore. The company acquired new projects with a topline potential of Rs 4,150 crore, and is set to deepen its presence in Gujarat, Bengaluru, and Maharashtra. Demand optimism in residential markets is expected to continue in the medium term.
Finance minister Nirmala Sitharaman highlighted the positive impact of GST on tax buoyancy, emphasizing the increase in tax revenue in relation to GDP. Learn more about the improvements in tax collection and rates under GST regime.
Finance Minister Nirmala Sitharaman highlighted the significant impact of GST on the economy, praising its role in benefiting the poor by lowering taxes on essential items and improving tax buoyancy across states.
Warren Buffett, the man of modest living who leads one of the most successful investment firms in history, says the American People would not longer have to pay
The previous owner of a bar and eatery now owned by NRL franchise the Warriors owes hundreds of thousands of dollars to the Inland Revenue Department . Holy.
Foxconn anticipates higher second-quarter revenue with record April sales and strong growth in AI server demand, smart consumer electronics, and cloud products. CEO Tim Cook optimistic about revenue growth.
Govt open to 'some tinkering' in capital gains tax regime: Revenue Secretary Tarun Bajaj : Rashtra News #Govt #open #tinkering #capital #gains #tax #regime #Revenue #Secretary #Tarun #Bajaj The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in
MRPL reported a profit after tax (PAT) of Rs 1,137 crore in the fourth quarter of the financial year 2023-24, with a gross refining margin (GRM) of $11.4 a barrel. The company's revenue from operations stood at Rs 29,190 crore for Q4 2023-24. Additionally, MRPL improved its debt equity ratio from 1.7 to 0.9.