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GST law panel clears proposal to shield buyers' input tax credit from supplier defaultsA GST Council proposal will protect buyers from losing input tax credit. This protection applies if suppliers fail to deposit taxes with th...- When Warren Buffett bought one company because of a book, and another on a handshakeHow does the world’s most careful investor buy a company with no due diligence at all? One of Warren Buffett’s acquisitions began with an a...
- Bank of Baroda to pay $600 million to settle NMC Health insolvency claimsBank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of g...
- Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
- 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...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Apple stock price prediction after WWDC 2026: With Apple (AAPL) trading near its all-time high of $302.25, will AI-powered Siri drive the stock above $400?Apple stock price is once again at the center of Wall Street's attention after WWDC 2026. As Apple stock trades near $302, investors are de...
- Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay aliveGoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" ab...
- From medical tourism to casinos, oil shock hits Southeast AsiaCompanies across aviation, retail, and manufacturing are implementing price hikes and cost-cutting measures. Disruptions to supply chains a...
- Force majeure enabled for 'war'-hit contracts: Govt procurers to grant case-by-case extensions, only for firms that hadn’t defaulted by Feb 27The finance ministry has authorized force majeure for govt contracts impacted by the West Asia conflict, treating it as war. This offers re...
- GST officers working on registration mechanism for 'shared warehouse' for e-commerce suppliersGST authorities are developing a mechanism to address taxation and registration issues for shared warehouses used by e-commerce companies, ...
- Suppliers' ranking on GST compliance likely next FYThe Indian government is developing a database of suppliers that will be ranked based on their compliance with the goods and services tax (...
- Allow buyers to claim ITC even if supplier defaults in depositing GST: PHD ChamberAhead of GST Day on July 1, industry body PHD Chamber of Commerce has raised the issue of blocking input tax credit and said the buyer shou...
- Shri Lakshmi Cotsyn lenders stare at Rs. 6000 crore loan write-offMata Prasad Agarwal, who previously owned the company before it was plunged into bankruptcy, has challenged his classification as a wilful ...
- Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisisVendors face indemnity papers, blocked payments as firms try to ringfence them from defaults.
- Essar Steel lenders may reject co's plea to not 'tag' accountsIn the past 12 months, banks have deducted more than Rs 3,000 crore from Essar Steel.
- Gold importers given export checking job tooThe Customs department has made the authorised suppliers of duty-free precious metals sold to jewellery exporters responsible for collectin...
- After defaults by buyers, metal suppliers too renege on contractsIf the recession and falling prices put the seller of resources in a bind due to potential defaults by buyers, the reverse is also beginnin...
- Critical equipment suppliers join hands to tackle defaultersThe move is aimed at prompting other suppliers to stay away from projects backed by defaulting companies.
- Explore ways to recover power duesHalf the promises people say were never kept, were probably never made in the first place! To be ethically proper and prudent, we, of cours...
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