AI image means for representation purposes only As 2025 comes to a close, India’s tax framework stands notably altered, shaped by a year-long sequence of reforms that extended well beyond routine income tax changes and into investments, compliance and digital assets.What unfolded over the year was not a single reform but a nuanced reset touching […]
IndiGo parent InterGlobe Aviation on Monday received a Goods and Service Tax (GST) demand notice with a penalty of Rs 458.26 crore, imposing GST demand on compensation received from foreign supplier and denial of input tax credit. However, the airline believes that the order passed by the GST department is erroneous and not in accordance […]
The tax demand pertains to FY 2019-2023 The goods and service tax commissionerate has raised ₹458 crore tax demand on IndiGo in relation to compensation received from a foreign supplier and denial of input tax credit. The airline disclosed the tax department order in a stock exchange notification on Tuesday. It said it will appeal against […]
India’s agriculture sector closed 2025 with a projection of record foodgrain output surpassing last year’s 357.73 million tonnes (MT) despite US tariffs disrupting farm exports, while landmark GST reforms delivered input cost relief, and stakeholders await passage of key seed and pesticide bills in 2026 to tackle fake inputs. The year showed both resilience and […]
The agriculture sector is expected to end 2025 with record high foodgrain production, despite global trade headwinds. The strong figures come on the back of strong monsoon-driven sowing and major cost savings thanks to GST cuts on key inputs. For the upcoming year, 2026, stakeholders are waiting for major bills on seeds and pesticides to […]
In 2025, the GST Council implemented substantial tax cuts on construction materials: cement was reduced from 28% to 18%, bricks, tiles, and sand from 18% to 5%, paints and varnishes from 28% to 18%, and marble and granite blocks to 5%. Even modest reductions of 2–3% proved significant for middle-income homebuyers, especially when combined with […]
MORE WHEELS: Lower GST on commercial vehicles reduces the cost of fleet expansion, helping operators upgrade networks efficiently | Photo Credit: Dhiraj Singh India’s logistics sector is at a crucial inflection point with the introduction of GST 2.0. As logistics costs remain high and supply chains grow complex, the updated framework focuses on simplification, integration […]
Consumer goods companies across the country are finally seeing operations stabilising, months after changes to the GST structure were announced. Supply chains and inventory levels have returned to normal following the adjustment period after the reforms, making way for a recovery in demand from the next quarter. Executives from major FMCG and consumer-facing firms said […]
The government’s decision to exempt Goods and Services Tax (GST) on health insurance from 18 per cent to nil has led to a sharp rise in health cover sizes, with the average sum insured increasing by 31 per cent, according to a report by Policybazaar. The report said that after the removal of GST, the […]
New Delhi: The Delhi High Court on Wednesday expressed displeasure over the authorities doing nothing to grant exemption from taxes on air purifiers in this “emergency situation” when the air quality index (AQI) is ‘very poor’. A bench of Chief Justice Devendra Kumar Upadhyaya and Justice Tushar Rao Gedela asked the authorities’ counsel to take […]
