Pernod’s Delhi drought deepens as Indian court rejects liquor sales pleaA French liquor giant's bid to restart sales in New Delhi has been denied by an Indian court. This marks three years since the company's pr...
29 May, 2026, 11.11 AM IST
Why Pernod Ricard is facing heat in one of its most crucial liquor marketsFrench liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a ma...
27 May, 2026, 12.00 PM IST
Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exportsNew Delhi has clarified a key point for exporters. Goods moved from SEZ units to the domestic market, after paying duties, will now be cons...
28 Apr, 2026, 05.32 PM IST
Trump Tariff refund portal to be launched next week: Check launch date and how to claim your money backBusinesses will soon receive refunds for tariffs imposed under the Trump administration. The US Customs and Border Protection is launching ...
22 Apr, 2026, 02.54 PM IST
Last opportunity for eligible taxpayers to claim 87A tax rebate: Why you must file revised/belated ITR before January 15, 2025Income tax rebate u/s 87A: Following the Bombay High Court order to extend the revised and belated income tax return (ITR) deadline to Janu...
04 Jan, 2025, 04.04 PM IST
E-commerce, food delivery companies could get clarity on input tax credit following court rulingMany e-commerce and food delivery players use raw materials or input services that have higher GST rate but are unable to pass this on to c...
06 Apr, 2022, 06.00 AM IST
HC ruling may bring input tax clarity for ecommerce, food companiesMany e-commerce and food delivery players use raw materials or input services that have higher GST rate but are unable to pass this on to c...
06 Apr, 2022, 12.17 AM IST
Ericsson India to get Rs 349 crore tax refundThe court had then asked the tax department to give a detailed reason for withholding the tax and issue the refund in six weeks, failing wh...
24 Mar, 2022, 12.55 AM IST
New income tax portal errors resulting in reduced tax refund amounts for manyThe pre-filled data fetched on the new income tax portal is showing a mismatch with the total TDS amount mentioned in Form 26AS. Even after...
03 Dec, 2021, 10.23 AM IST
In a relief to companies, government allows refunds of unutilised input tax credits on importsMany tax officials have been rejecting refunds after claiming that companies are not eligible for such refunds unless it’s explicitly refle...
11 Jun, 2020, 04.58 PM IST
Importers, Tax dept approach Supreme Court over GST “self-assessment"The companies while importing the products had paid 12% Goods and Services Tax when they were required to pay only 6%.
20 Feb, 2019, 01.03 PM IST
Centre acts against taxmen over strong-arm tacticsThe finance ministry has taken a stern view on this issue. In the past, such practices were not frowned upon, resulting in them becoming th...
14 Jul, 2016, 11.06 AM IST
Ease of doing business: Modi govt to make refund of service tax for IT firms like Infosys, TCS, Wipro easierThe scheme will cover cos that have a credible tax-paying compliance record & will enable them to get service tax refunds as and when they ...
27 Oct, 2015, 07.03 AM IST
Delhi HC comes to rescue of taxpayers denied TDS creditOther key directives issued by the HC include that interest on refund should be paid to taxpayers for delays not attributable to them.
24 Mar, 2013, 07.28 AM IST
- Software exporters not to be denied credit for service tax on inputs in SEZs
The IT industry stands to gain hundreds of crores as the finance ministry has decided not to deny software exporters credit for service tax...
19 May, 2011, 05.28 AM IST
- Service tax refund call rattles BPOs
India’s BPO industry is in a quandary with the service tax department asking leading companies including Convergys, Genpact and Vertex to r...
19 Jan, 2009, 01.32 AM IST
- CIC urges I-T dept to improve its refund disbursal function
The Central Information Commission has asked income tax authorities to usher in quick improvements in its refund disbursal system.
23 Oct, 2007, 03.45 PM IST