services tax

Donald Trump has warned the UK of significant tariffs if Prime Minister Keir Starmer does not withdraw the country's digital services tax. Trump views the 2% tax on digital platforms as discriminatory towards American companies, signaling potential retaliation if the policy persists. This threat escalates trade tensions between the two allies.

While the data is at a record high, the biggest factor driving the surge has been the growth in import-led revenues which outpaced domestic transactions. To put it simply, the GST collections from imports were higher than those from domestic transactions.

President Trump has warned of significant tariffs on the UK if it doesn't abolish its digital services tax targeting American tech giants. This 2% levy, introduced in 2020, has generated substantial revenue for Britain. The threat escalates existing trade tensions and comes amid broader diplomatic pressures, potentially impacting a UK-US trade deal and defense relations.

Bombay High Court has quashed a Rs 1,524 crore IGST notice issued to Tata Sons. The court ruled that Docomo's withdrawal of UK court proceedings after a 2017 settlement did not constitute a 'supply of services' attracting GST. The demand was for damages paid to Docomo following disputes over a 2009 agreement.

Donald Trump has threatened to impose significant tariffs on the UK if the government under Keir Starmer does not scrap its digital services tax. Trump stated the levy unfairly targets American tech companies, warning of retaliatory measures if the tax is not withdrawn. He also commented on Starmer's chances of recovery, linking it to immigration policies.

According to government data released on Friday, gross GST revenue for the month reached a record Rs 2.43 lakh crore, registering an 8.7% increase over Rs 2.23 lakh crore collected in April last year.

Floyd Mayweather Jr. may lose his passport due to over $7.25 million in unpaid taxes, according to IRS reports. This could stop his June 2026 fight in Greece against Mike Zambidis and affect other planned bouts. With past lawsuits also surfacing, his financial troubles are now creating serious risks for his boxing schedule and international travel.

Your pension has always been meant for retirement. Now, PFRDA wants to allow you to double it up as a healthcare cushion too.

Floyd Mayweather’s upcoming exhibition fight in Greece is now uncertain due to serious legal and financial issues. The American boxing legend has been informed by the Internal Revenue Service (IRS) about a possible move to cancel his U.S. passport. This development could impact his scheduled June 27 bout against Mike Zambidis in Athens. The situation has created doubts over Mayweather’s travel plans and participation in international events.

Law and Justice Minister Arjun Ram Meghwal revealed that approximately 5 crore cases are pending across Indian courts, with older cases being prioritized. He highlighted alternative dispute resolution methods and assured advocates that their demands for CAT and NGT wings in Jharkhand would be considered. The minister also reiterated the government's commitment to 50% women's reservation in legislative bodies.

The Goods and services tax Appellate Tribunal in Ranchi has commenced hearing cases. This marks the second such bench in India to begin operations. Previously, GST disputes were handled by the High Court. The tribunal's establishment aims for quicker resolution of tax-related matters. Seventy cases have already been filed with the Ranchi bench.

The vibrant Digha vending zone in Patna, catering to 250 vendors, is on the brink of completion, complete with essential features such as parking facilities and a recreational park. Commissioner Yashpal Meena recently reviewed the ongoing work, emphasizing the need for high standards and punctuality in delivery.