Creative Bharat
Mumbai: The Bombay High Court has granted temporary relief to a batch of insurance companies by staying GST demands raised on co-insurance premium and ceding commission, holding that the levy was prima facie contrary to circulars issued by the Central Board of Indirect Taxes and Customs (CBIC). ICICI Lombard General Insurance, Aditya Birla Health Insurance, […]
The Budget for 2026-27 will be presented by Finance Minister Nirmala Sitharaman on February 1. Exporters have pressed the government for several measures to boost shipments in the forthcoming Budget amid US tariff increase, such as further correction of the inverted customs duty structures, rationalisation of import duties and release of GST refunds. The Budget […]
Apart from the non existent Siddhi Vinayak Trade Merchants, the agency has come across 58 shell entities spread across different States The Enforcement Directorate carried out multiple searches in West Bengal, Jharkhand and Manipur to unravel laundered money in the ₹658 crore worth fake GST input tax credit case that had origins in Arunachal Pradesh. […]
(File photo) Gift City in Gandhinagar, Gujarat | Photo Credit: VIJAY SONEJI Reinsurance entities operating from India’s International Financial Services Centre (IFSC) in Gujarat are facing both operational hurdles as well as a structural GST disadvantage, officials said during the third edition of the IFSCA-IRDAI-GIFT City Global Reinsurance Summit 2026, held in Mumbai on Monday. […]
ISF highlighted that nearly 85 per cent of India’s workforce, over 500 million people remains outside formal employment. | Photo Credit: Tero Vesalainen Ahead of the Union Budget, the Indian Staffing Federation (ISF) has urged the Finance Ministry to reduce GST on staffing services from 18 per cent to 5 per cent, classify them as […]
ISF highlighted that nearly 85 per cent of India’s workforce, over 500 million people remains outside formal employment. | Photo Credit: Tero Vesalainen Ahead of the Union Budget, the Indian Staffing Federation (ISF) has urged the Finance Ministry to reduce GST on staffing services from 18 per cent to 5 per cent, classify them as […]
The Finance Bill is likely to prescribe at least five changes in Goods and Services Tax laws to further facilitate ease of doing business. These amendments are based on GST Council’s recommendations. A key amendment is related to post-sale discount. The Council had recommended amendment of section 15 and section 34 of CGST Act, 2017. […]
Tata Motors continued to lead the segment, with Mahindra & Mahindra and Ashok Leyland at the second and third spots | Photo Credit: ANINDITO MUKHERJEE Commercial vehicles across categories posted a 10 per cent growth in domestic sales at 7.5 lakh units in the nine months ended December 31, 2025, compared with 6.8 lakh in […]
India’s Goods and Services Tax (GST) collections have shown only modest growth in recent months, raising concerns that this key consumption-linked revenue stream may fall short of expectations and weigh on government finances in the run-up to the FY27 Budget. Budget 2026: GST underperformance emerges as weak link in govt revenue mix Gross GST collections […]
Coupled with higher raw material costs, this situation is set to dampen profit levels. Cement companies are set to witness weaker-than-usual earnings for the December quarter weighed down by a GST-led moderation in prices, weak demand from the non-trade segment and higher cost of raw materials. As compared to the seasonally weak September quarter, cement […]
