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GST Govt

Central Indirect Tax Board Sets Stricter Limits on GST Arrests and Minor Notices

The Central Board of Indirect Taxes and Customs has issued new guidelines restricting Goods and Services Tax arrests. It prohibits issuing demand notices for amounts under ten thousand rupees and limits verification procedures for electronic way bills. These instructions aim to curb overreach and streamline compliance for registered taxpayers.

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Juris Hour11m ago 1 min
Business

Dabur Chief Executive Officer Mohit Malhotra Steps Down After Three Decades

Mohit Malhotra has relinquished his position as the Chief Executive Officer of Dabur after spending over thirty years within the organisation. He is stepping down to transition into an overseas professional assignment. The company has not yet detailed immediate succession plans for the top leadership post.

Scrips: Dabur

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Hindustan Times13m ago 1 min
Income Tax

Insolvency Appellate Tribunal Rules Crystallisation Date Does Not Extend Claim Filing Deadlines

The appellate tribunal dismissed an appeal, ruling that claims based on liabilities determined after liquidation begins cannot be accepted past the official timeline. It clarified that the date a liability crystallises does not determine when a creditor must file their claim.

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Taxscan18m ago 1 min
Fintech & UPI

Small Merchants May Curtail Unified Payments Interface Acceptance If Charges Are Introduced

A large segment of small merchants could scale back their acceptance of the Unified Payments Interface if a merchant discount rate is levied. Micro vendors argue that absorbing transaction fees makes digital collections unviable for low-margin daily sales. Industry observers warn that such cost burdens might push small traders back toward cash transactions.

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Investment Guru India20m ago 1 min
Insurance

Severe Floods and Natural Catastrophe Claims Pressure General Insurers' Second Quarter Underwriting Margins

Natural catastrophe events and widespread flooding significantly impacted the second quarter underwriting margins of general insurance companies. These heavy claim payouts reduced profitability across the sector during the quarter.

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Business Standard24m ago 1 min
GST

Tribunal sets aside tax demand for financial year 2018-19 citing retrospective provision limits

The Goods and Services Tax Appellate Tribunal has set aside a tax demand regarding Input Tax Credit for financial year 2018-19. The tribunal ruled that a provision introduced in 2022 cannot apply retrospectively and that demands cannot rest on grounds missing from the show-cause notice.

Scrips: ITC

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Taxscan24m ago 1 min
Business

Elon Musk Business Ventures Prepare for Political Shifts Following Democratic Gains in Texas

Elon Musk and his corporate entities are bracing for regulatory and political adjustments in Texas following a Democratic electoral wave. The shifting legislative environment could influence local operations, state incentives, and environmental compliances for his companies. Observers note that political realignment in the state introduces new variables for corporate expansion.

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Economic Times27m ago 1 min
Economy

New draft policy proposes ninety percent local fuel uplift mandate for international carriers

A newly drafted sustainable aviation fuel policy proposes that international airlines uplift ninety percent of their fuel locally in India. The proposal aims to curb fuel tankering while extending financial and tax support to encourage adoption.

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Hindu BusinessLine29m ago 1 min
Economy

US Democratic Election Sweep Complicates Market Anxieties Over Artificial Intelligence and Geopolitics

Investors are monitoring market implications following the recent Democratic win in the United States midterm elections. Ongoing geopolitical tensions involving the Iran conflict continue to elevate crude oil prices and broader financial risks. Meanwhile, market participants anticipate stricter regulatory scrutiny on the fast-growing artificial intelligence sector alongside persistent fiscal policy debates and rising debt concerns.

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ET Markets30m ago 1 min
Business

Comparative Returns Analysis for a Five Lakh Rupee Investment in Gold Versus Silver

An analytical comparison evaluates the potential valuation of a five lakh rupee investment in gold versus silver over a one to five year horizon. Both precious metals exhibit distinct price volatility cycles and industrial demand drivers influencing their medium-term performance. Financial planners use historical trends to assess how each asset class protects capital against inflation.

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Economic Times33m ago 1 min
Business

Opposition leader intensifies criticism against prime minister and reiterates public debate challenge

Opposition leader Rahul Gandhi has intensified his criticism against the prime minister while renewing his challenge for a public debate. The prominent political figure continues to press the administration on key governance and policy matters. Observers are closely watching how the ruling party responds to this renewed confrontation.

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Economic Times37m ago 1 min
Business

Tracxn Technologies reports faster Indian market expansion alongside bottom line profit pressures in second quarter

Tracxn Technologies released its slide deck for the second quarter of the 2027 fiscal year. The company highlights faster expansion inside the domestic Indian market while dealing with ongoing pressures on profitability. Investors must review these metrics to understand current operational trends.

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Investing.com India40m ago 1 min

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