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ITC REFUND RESTRICTIONS
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
India’s growth trajectory setting the stage for Budget 2026Union Budget: India's economy is experiencing strong momentum ahead of Budget 2026, driven by robust consumption, favorable monsoons, and g...
Food Ministry forwards veg oil GST refund request to Finance MinistryThe food ministry has urged the finance ministry to lift GST refund restrictions on vegetable oils, a move impacting SMEs due to inverted d...
Vegetable oils body seeks removal of GST refund restrictionsThe IVPA is urging the government to remove restrictions on tax credit refunds implemented in July 2022, arguing that these curbs are creat...
Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0As India marks eight years of GST, businesses urge reforms to boost working capital efficiency. A Deloitte survey reveals growing confidenc...
Realtors get notices questioning ₹3,500 cr input tax credit claimsGST authorities have issued show cause notices to several property developers, questioning roughly ₹3,500 crore in input tax credit claims ...
Rising complications for corporates in ITC claims under GSTThe changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often. Businesses must ta...
Key developments at the GST Council meetingThe long-awaited requirement to set up a Tribunal under GST law was also deliberated, and the Council has recommended to set up a ministeri...
Sensex posts best single-day gain in 3 months, zooms 1,345 pts! Key factors that fuelled the rallyThe 30-share pack Sensex logged its best day in 3 months as the benchmark advanced 1,344.63 points or 2.54 per cent to close at 54,318.47. ...
A 'Good & Simple Tax'? 4 years of GST and the road aheadDespite early hiccups, overall progress during the last four years has helped India achieve the ambitious government’s aim of bringing in e...
A proposed GST amendment may severely impact Indian exportersAn amendment to Section 16 of the IGST Act may seem harmless, but is capable of having a deep and far-reaching implication for the exporter...
MSMEs, small dealers not to be affected by mandatory 1 pc cash GST payment ruleSources said the rule applies only to about 45,000 taxpayers out of the GST taxpayer base of 1.2 crore and genuine dealers and businesses w...
About 45K entities to come under mandatory 1% cash payment of GST liability ambitThe government's decision on mandatory payment of at least 1% of GST tax liability in cash will impact only around 40,000 to 45,000 taxpaye...
Businesses with monthly turnover of over Rs 50 lakh to pay at least 1% GST liability in cash“... The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in ...
Gujarat HC denies Integrated GST rebate to advance authorisation license holdersHolders of advance authorisation licenses were entitled to import raw materials without payment of integrated GST and rebate of IGST. The g...
Exporters bullish on new measures, industry watchers strike cautionary noteExperts feel that the exporters' entire focus should not be reliant on government measures alone.
Shipping industry needs more to maximise the opportunities created by GSTIn a high-volume, low margin business like shipping, even a 5 percent cost disadvantage can dent the competiveness of domestic shipping bus...
One year of GST: For export-oriented IT industry, challenges remain around refundsIndia today is globally the top outsourcing destination accounting for more than half of the market share.
Government refutes exporters’ claim on pending GST refundsGovernment has asked those with pending refunds to approach their jurisdictional tax authority for disposal of any of their refund claims s...
- Government may borrow $9.5 billion by pledging property & shares of ITC, L&T and Axis Bank
The cash will be used to buy stock in PSUs & help the govt's Rs 40000 cr divestment programme for the fiscal year that ends in March.