After a long wait, the GST Appellate Tribunal (GSTAT) will start accepting appeals by the end of this month. Hearings will begin by the end of December, as recommended by the GST Council. Additionally, GSTAT will double up as National Appellate Authority for Advance Ruling. GSTAT has been constituted under Section 109 of the Central […]
The 56th Goods and Services Tax (GST) Council meeting, chaired by Finance Minister Nirmala Sitharaman, approved a sweeping package of procedural and institutional reforms to strengthen India’s indirect tax regime. Key decisions include the operationalisation of the long-awaited Goods and Services Tax Appellate Tribunal (GSTAT), overhaul of refund mechanisms, simplified GST registration schemes, and legal […]
Citi has appointed banking veteran Kaustubh Kulkarni as co-head of its Investment Banking Coverage for Japan, Asia North and Australia, and Asia South, according to an internal memo seen by Reuters.Kulkarni, who will join in December subject to regulatory approvals, will be based in Singapore and serve alongside current head Jan Metzger. Both will report […]
This year’s summit will focus on the production value chain, deep diving into practices and successful models of sustainable and regenerative agriculture. The Food and Land Use Coalition (FOLU) will organise ‘Food Systems Summit India 2025: Marketplace for Ideas’ in New Delhi on December 16 and 17. The summit is a national platform for practitioners, […]
CHENNAI: Elevators that would hit the Indian market from Dec this year will have a new safety feature. The elevator car will get locked only after doors are closed akin to the doors of metro train compartments that shut and lock automatically. It is aimed at preventing the movement of elevator cars with open doors […]
The government extended duty-free imports to support the Indian textile industry, particularly exporters who are facing a steep 50% tariff imposed by the US. | Photo Credit: REUTERS India on Thursday extended the duty-free import of cotton for three more until December 31, 2025, from September 30. The Indian government’s decision will ease the burden […]
Central Board of Direct Taxes (CBDT) will come out rules and regulations by December 31 this year, RN Parbat, Member (Legislation) of the Board told businessline. He also assured that honest taxpayers have nothing to worry about digital information as data privacy will be followed in word as well as spirits. Edited excerpts: Finance Minister […]
India’s cooperative sector is preparing to challenge ride-hailing giants Ola and Uber with the launch of a new taxi service under the brand ‘Bharat’ by the end of 2025, backed by a Rs 300 crore authorised capital. The initiative, fully funded by leading cooperatives, has already enrolled 200 drivers across four states, according to news […]
The United States has already collected $100 billion in tariffs this year, and the figure could triple to $300 billion by December, US treasury secretary Scott Bessent said on Tuesday during a Cabinet meeting chaired by President Donald Trump.Trump, nodding in agreement, reiterated the administration’s firm stance, declaring that the real flow of tariff revenue […]
Tesla shares fell nearly 7% in premarket trading on Monday after CEO Elon Musk’s surprise launch of a new US political outfit, the “America Party”, reignited investor concerns over his focus on the electric vehicle maker’s future.The announcement came Saturday from Musk, who previously led the now-defunct Department of Government Efficiency (DOGE), and was accompanied […]
