GST Council meeting: On Tuesday, GST Council during its 50th meeting announced that the tax will be slashed from 28 per cent to 5 per cent GST, which is at par with restaurants. Even as the GST Council has the tax on food and beverages to bring it in line with the levy in restaurants, it depends on the cinema halls to pass on the benefit to consumers. And for this, the authorities will have to keep an eye on the cinema halls., Personal Finance News, Times Now
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Taxpayers whose gross income in financial year 2022-23 is below the basic exemption limit under the tax regime they have chosen, do not have to mandatorily file their income tax return (ITR). While it is not compulsory, it is still advisable to file a nil ITR in this situation, because of various benefits it offers. , Personal Finance News, Times Now