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INPUT TAX CREDIT
SC rejects GST department review plea, telecom firms get relief on tower tax creditThe Supreme Court rejected a review petition from the GST Department. This decision confirms telecom towers are movable property for tax cr...
AI in finance: From crunching numbers to making decisions, how far can it go?Artificial intelligence is increasingly assisting in financial tasks and decision-making. Organisations report improved decision quality an...
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...
US court dismisses criminal charges against Gautam Adani, Sagar Adani; senior lawyers laud decisionA US federal court has officially dismissed the criminal charges against Gautam Adani and his nephew, thanks to the Justice Department's re...
Finance panel calls for AI checks for tax refundsA parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine ...
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 ...
LIC Q1 profit surges 23% on growth in value of new businessLife Insurance Corporation of India reported a twenty-three percent net profit rise. Value of new business jumped sixty-one percent, boosti...
SC proposes no fuel for uninsured vehicles, seeks tech-driven road safety overhaulThe Supreme Court has directed the Centre to design a pilot project denying fuel to uninsured vehicles. This initiative aims to improve roa...
FISME seeks GST overhaul to ease MSME complianceFISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST...
Epack Prefab Technologies shares rally 10% after Q1 revenue jumps 24%Epack Prefab Technologies shares surged over 10% after the company reported a 24% year-on-year rise in June-quarter revenue, supported by s...
ETMarkets NRI Talk | Allocate 25-35% of your global portfolio to India for long term wealth creation: Pradeep GuptaFPIs pulled out a record ~$18 billion (₹1.7 lakh crore) that year. 2026 has been worse, rupee returns are down 10% from the year's high, an...
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 ...
No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
CBIC readies rules to facilitate filing of multi-state GST appealsThe Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple s...
Delhi Lakshmi Yojana eligibility: Check who can apply for Rs 2,500 monthly aid, who will not qualify and registration starting dateWho is eligible for Delhi Lakshmi Yojana: Delhi cabinet has approved the Delhi Lakshmi Yojana, a scheme promising Rs 2,500 per month to eli...
HUL shares rebound 2% after Q1 results. Here's what Morgan Stanley, Motilal Oswal and other brokerages are sayingHindustan Unilever (HUL) shares rebounded 2.2% after brokerages retained bullish views despite the FMCG major reporting a 3% YoY decline in...
ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat leadCentral GST officers detected over 30,000 input tax credit fraud cases in 2025-26. These cases involved approximately Rs 74,782 crore and l...
Macroeconomic fundamentals of Indian economy remain strong amid global challengesIndia's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate bala...
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...
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...