Nirmala Sitharaman News
Further, the meeting of the Council, chaired by the Union Finance Minister Nirmala Sitharaman and comprising state counterparts, will also clear levying the highest tax of 28 per cent on online games, casinos and horse racing, besides, measures to curb tax evasion, especially devising ways to tackle high-risk taxpayers in GST.
Finance minister announced excise duty cut of Rs 8 per litre on petrol and Rs 6 a litre on diesel. Modi government had cut excise duty in November 2021on petrol by Rs 5 per litre and diesel by Rs 10 per litre. The duty reduction made in November 2021 has an implication of Rs 1,20,000 crore a year for Centre.
Top cryptocurrency exchange Coinbase quit India activities attributable to the "casual strain" from the Reserve Bank of India (RBI) The goods and services tax (GST) council is reportedly mulling a 28 percent tax on cryptocurrencies The 28 percent GST will be in addition to the 30 percent income tax on earnings from crypto-asset transactions