GDP numbers for FY24 show discrepancies of Rs 2.59 lakh crore
The National Statistical Office (NSO) has reported discrepancies in the computation of the Gross Domestic Product for 2023-24, with discrepancies of Rs 2.59 lakh crore compared to Rs 3.80 lakh crore in 2022-23 and Rs 4.47 lakh crore in 2021-22. The NSO's first advance estimates of national accounts showed that the Indian economy will grow at 7.3% in 2023-24, slightly higher than 7.2% in 2022-23. Key Points
Economic TimesIndia’s GDP numbers for 2023-24 show discrepancies of Rs 2.59 lakh crore: NSO
According to National Statistical Office, Indian economy will grow at 7.3 per cent in 2023-24. discrepancies in computation of advance estimates of the country&rs Key Points
The Tribune IndiaOla user booked ride for Rs 730, got bill of Rs 5000 when trip ended: Here is what happened
In a recent incident in Bengaluru, a college student was charged Rs 5000 for an Ola ride that was originally quoted as Rs 730. The passenger's experience highlights the importance of vigilance and prompt responses from ride-hailing companies in handling fare discrepancies. Key Points
India TodayCBIC issues SOP for scrutiny of returns for FY20 onwards
The Central Board of Indirect Taxes and Customs (CBIC) has issued a standard operating procedure (SOP) for the scrutiny of goods and services tax (GST) returns starting from the financial year 2019-20. The SOP aims to reduce contact with taxpayers, issuing one notice per financial year, and ensuring discrepancies are specific in nature and quantifiable. Officials will communicate the notice to taxpayers on the common portal, rather than send a manual notice. Key Points
Economic Times