Delhi HC seeks response from revenue authorities over IndiGo's plea of Rs 900 cr custom duty refundIndiGo's parent company, InterGlobe Aviation Ltd, has approached the Delhi High Court seeking a refund of Rs 900 crore in customs duty. The...
19 Dec, 2025, 11.27 AM IST
IndiGo moves Delhi HC over Rs 900 crore customs duty refund on re-import of aircraft parts: ReportIndiGo has filed a petition in the Delhi High Court seeking a refund of over ₹900 crore in customs duty paid on aircraft engines and parts ...
12 Dec, 2025, 08.37 PM IST
GST impact on air travel: Do you have to pay extra GST if your travel date is after September 22, 2025?The GST council is implementing a two-tier GST rate system starting September 22, 2025, impacting air travel. Premium class tickets will se...
04 Sep, 2025, 08.48 PM IST
What is expected from the GST Council meeting today?The GST council may delay the inclusion of petroleum products under GST and the much-awaited rate rationalization. Discussions may also foc...
22 Jun, 2024, 12.12 PM IST
Exporters may have great festive season amid withdrawal of GST exemption on outbound international freightThe pandemic resulted in severe supply disruption across the globe, and as result the freight rates are much higher today than it was durin...
22 Nov, 2022, 11.12 AM IST
GST: From payment for not serving notice period to cheque dishonour, CBIC clears the airThe Circular also mentions non-compete fees, late payment charges by utility providers of electricity, water or cancellation charges levied...
18 Aug, 2022, 11.30 AM IST
IATO seeks relief from government to tide over COVID-19 crisisIATO said it seeks a financial bailout package to defray the salaries of the employees and operational cost of offices based on the turnove...
05 Apr, 2020, 07.00 PM IST
DoT to take up Rs 36,000 crore ITC refund with finance ministryAs proposed by Committee of Secretaries, GST Council to take final call. Input tax credit worth some Rs 18,000 crore for Reliance Jio, abou...
22 Nov, 2019, 08.47 AM IST
Petroleum products to be brought under GST in stages, says Hasmukh AdhiaCurrently, diesel, petrol, crude oil, natural gas and aviation turbine fuel are outside the purview of goods and services tax.
06 Jul, 2018, 03.02 PM IST
Notice shot off to businesses for less IGST input credit claimThe effort of this exercise, officials said, is to find out whether the mismatch is on account of genuine errors by the businesses or with ...
08 Jun, 2018, 01.03 PM IST
GST refund of over Rs 20,000 crore pending, says FIEOMany exporters have been unable to file the refund of ITC due to technical glitches as the input tax credit and exports happened in differe...
29 May, 2018, 04.42 PM IST
need2know: Bullish voices on India growth and other triggers for today’s marketThe Asian Development Bank (ADB) says it is sticking to its growth forecast for India.
28 Nov, 2017, 08.03 AM IST
Shipping, airline companies add to GST woes: ExportersIndustry estimates that 85% of refunds are on account of input tax credit and 15% from IGST. The delayed refunds are pegged at as much as R...
28 Nov, 2017, 12.29 AM IST
Aviation MRO companies want 18% GST scrappedThe industry has made a representation to the aviation ministry seeking an exemption from GST, arguing that it makes servicing aircraft in ...
22 Oct, 2017, 11.54 PM IST
Next GST Council meet to decide on anti-profiteering mechanismThe anti-profiteering provision mandates businesses to pass on the benefits arising out of lower taxes to the consumer by way of commensura...
02 Aug, 2017, 01.33 AM IST
Companies can avail up to 40 per cent GST Credit for excise already paid on stocksThe new set of rules defines transition for companies, dealers and retailers that will have stocks, with taxes paid under the previous regi...
03 Apr, 2017, 01.22 AM IST
Finance Ministry seeks public comments on GST rulesThe government has sought comments from industry on the 4 set of new rules on -- GST Composition, GST Valuation, GST Transition and GST ITC.
02 Apr, 2017, 09.30 PM IST