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GOODS AND SERVICES TAX REFORM
Check gate before the horse boltsIndia is facing challenges in managing foreign remittances, particularly concerning fraudulent transactions and proper certification. A pro...- RBL Bank gets show cause notice with GST demand of over Rs 173 croreRBL Bank said it received a showcause notice from Maharashtra GST authorities proposing a demand of over Rs 173.08 crore, including interes...
- Power Mech Projects shares rise 4% after company secures Rs 549 crore order from Adani Group firmPower Mech Projects shares gained after securing a Rs 549.37-crore O&M order from Moxie Power Generation for its 2x600 MW Tuticorin thermal...
- India a 'bright spot' amid uncertainty: Shaktikanta DasIndia recorded average annual real GDP growth of 7.9% between 2021-22 and 2025-26, while growth in the first quarter of 2026-27 stood at 7....
- GST 2.0 revived demand. Now industry wants its tax credit unstuckThe GST Council is set to reconvene after a year to focus on reforming the input tax credit system. Recent surveys by KPMG and Deloitte hig...
- IRDAI insurance commission curbs: Why the industry is facing a reckoningThe IRDAI's move to tighten commission caps in India's insurance sector has sparked considerable attention. Despite previous regulatory att...
- Maharashtra Public Service Commission postpones State Services Main Exam 2026 amid review demandsMaharashtra Public Service Commission has postponed the State Services Main Examination scheduled for October 3, 2026. This decision follow...
- UK PM Burnham hints at new taxes in UK for social care reformUK Prime Minister Andy Burnham plans to introduce new levies for a reformed social care system. He believes care for the elderly should be ...
- After GST exemption, retail policy base rises 11% for Star HealthExempting individual health insurance premiums from GST has led to increased policy adoption across various demographics. Star Health repor...
- AIIB eyes bigger India water funding push as El Niño threatens dry spellAIIB intends to expand its water sector funding in India, which faces severe drought conditions this monsoon season. The bank is prioritizi...
- Hyderabad: ITC fraud of Rs 32.28 cr unearthed, company director heldThe CGST Secunderabad uncovered a fraudulent Input Tax Credit case involving a significant amount of Rs 32.28 crore. A company director was...
- First-ever: Centre to launch nationwide campaign 'Reform Utsav' from October 2 to mark reform-oriented governanceThe Centre is set to launch 'Reform Utsav' on October 2 to celebrate transformative governance initiatives. Various ministries will organiz...
- GST Council to take view on 18% levy on UPI merchant fees: ReportThe GST Council will meet on October 7 to discuss GST levy on UPI merchant fees exceeding Rs 2,000. The government has proposed a 0.4 perce...
- Economic Affairs Secretary underlines need for household savings to be channelled into India's financial systemEconomic Affairs Secretary Anuradha Thakur emphasised India's potential for greater global financial integration. She highlighted the impor...
- India must boost manufacturing, FDI and AI-ready jobs to become developed nation: CEA NageswaranIndia needs to strengthen its manufacturing sector while attracting foreign investment to support economic growth. Chief Economic Adviser V...
- Can IRDAI’s insurance reforms impact NBFCs? Jefferies warns L&T Finance, Piramal Finance, others are most exposedIRDAI’s proposed insurance distribution reforms could extend beyond insurers and distributors, potentially pressuring NBFC fee income. Jeff...
- ADB raised India’s FY27 growth forecast to 7%The Asian Development Bank has raised its FY27 India growth forecast to 7% from 6.6%, citing strong public investment and resilience in ser...
- Cinematographic film not IT software under GST: HC; quashes Rs 79 cr tax demand on Karan Johar firmsBombay High Court maintained that a cinematographic film is not IT software under GST law regardless of its method of delivery. The court s...
- India's new GDP series: GST, corporate data drive new methodologyIndia's revamped GDP calculation incorporates extensive corporate filings and GST data, as revealed by the statistics ministry. This update...
- No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
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