GST registration for big businesses: Centre, states work on uniform documents for faster approvalsIn a bid to enhance efficiency, tax authorities are crafting standardized guidelines for GST registration applications. This effort targets...
Karnataka Chief Minister DK Shivakumar favours 543 LS seats, women's quota within old capKarnataka's Chief Minister DK Shivakumar urged the Southern Zonal Council to retain the 1971 census for delimitation. He also requested mai...
Delimitation: Shivakumar favours Lok Sabha strength at 543 seats, women’s quota within this capKarnataka Chief Minister DK Shivakumar urged the Southern Zonal Council to retain the 1971 Census for delimitation. He also requested keepi...
Blood donation camps don’t qualify for GST exemption, Gujarat AAR rulesGujarat's AAR ruled blood donation camps are not charitable for GST exemption. Yoga camps, however, were deemed charitable activities and e...
MSMED Bill promises faster payments, but TReDS hurdles and GST ambiguity may leave smaller firms behindThe Micro, Small and Medium Enterprises Development (Amendment) Bill was passed by Parliament last week, nearly two decades after the MSMED...
Sebi sees no CAS manipulation, eyes more participationIn a recent statement, Sebi chairman Tuhin Kanta Pandey confirmed that the closing auction sessions showed no manipulation. He linked earli...
Government approves introduction of one billion polymer banknotes of Rs 10 and 20The government has approved polymer banknotes for field trials and regular issuance. Inflation has declined steadily, though recent pressur...
Parlimentary panel asks revenue dept to conduct 'ground reality' check on physical check-postsIn a recent development, a parliamentary committee has pressed the revenue department to assess the impact of unauthorized check-posts that...
India may rationalise most customs tariffs by Budget 2027-28, Nirmala Sitharaman saysIndia's finance minister announced plans to streamline customs tariffs, aiming for a significant overhaul by the fiscal year 2027-28. This ...
India needs more GST relief to make travel affordable, drive tourism growth: SOTC Travel MDFurther GST rationalization on domestic hotels and restaurants could fuel tourism growth. The government's move to reduce tax collected at ...
India's gold demand falls 6 per cent in April-June on weak seasonal demand, higher duty: WGCIndia's gold demand decreased six percent year-on-year during the April-June quarter. This decline occurred despite a significant fifty per...
Gold tariff hike boosts grey market, hurts organised trade, says WGCIndia's gold imports have increased through unofficial channels following a tariff hike. This rise widens margins for grey market operators...
GST panel may consider allowing transfer of unused tax credit within corporate groupsA key GST panel will consider industry suggestions for transferring unutilised input tax credit. Exempting intra-group corporate guarantees...
Centre panel proposes lower GST on mango drinks with higher pulp contentAn expert panel recommends mango beverages contain 22-25 percent natural pulp. This move aims to revive Totapuri mango pulp demand and farm...
June marks strong rebound in India's gem and jewellery exports, surging 26.51% year-on-yearOverall exports for the April-June quarter remained stable despite global economic uncertainties. Lower international gold prices helped In...
India's gem and jewellery exports rise 26.5% in June, shining at $2.21 billionIndia's gem and jewellery exports saw a significant rebound in June, increasing by 26.5 percent. Lower international gold prices and improv...
Input tax credit relief for companies on staff cars, insurance likelyCompanies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The G...