Central GST officers detected significant tax evasion, totaling approximately Rs 7.08 lakh crore over the past five fiscal years, with Rs 1.79 lakh crore attributed to Input Tax Credit (ITC) fraud. In fiscal year 2024-25 alone, detected GST evasion surpassed…
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The net direct tax collection saw strong growth in FY25 at Rs 22,26,375 crore, a 13.48 per cent year-on-year growth, as there has been an overall increase in collections after reduction of the corporate tax rates with effect from Assessment…
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Niva Bupa Health’s CFO, Vishwanath Mahendra, attributes the Q1 net loss increase to accounting changes aligning with IFRS. He explains the shift from immediate expense recognition under Indian GAAP to spreading costs over the policy term, impacting premium recognition and…
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Can India’s trade receivables ecosystem truly scale without mandatory PSU participation and modernised underwriting rules? RXIL CFO Kailashkumar Varodia thinks not. In an exclusive interaction with ETCFO, he urged RBI to launch “TReDS 2.0” and mandate invoice routing by PSUs…
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Sebi Chair Tuhin Kanta Pandey defended the regulator’s probe into Jane Street, rejecting claims of overreach and stressing India’s capability. He highlighted the need for structural reforms in the booming derivatives market and emphasized investor protection. Sebi continues to investigate…
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The total Assets Under Management (AUM) of the Indian Mutual Fund (MF) industry stand at Rs 74.40 lakh crore, marking more than a sevenfold growth over the past decade, a report said on Monday.
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