Eligible importers can now defer customs duty payments on imported goods. This initiative aims to boost working capital for businesses. The facility will be available from April 1, 2026, to March 31, 2028.
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India’s economy shows strong growth momentum. GDP grew 7.8% in the third quarter of fiscal year 2026. This figure surpassed expectations. The nation has updated its economic data with a new base year. Experts anticipate continued resilience and robust performance…
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No BMA, says Court I-T Dept can’t blindly impose law on ‘involuntary residents’ in India to get foreign asset info with the AgustaWestland case, must share the details of his foreign assets.
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India’s Statistics Ministry has released a new GDP series. The base year is now 2022-23, replacing the older 2011-12. This update uses new data sources to better reflect the current economy. The ministry will also release back series data soon.…
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Officials have uncovered a massive Rs 593 crore fake invoice scam. The Directorate General of GST Intelligence arrested the alleged mastermind in Bengaluru. The syndicate issued invoices without supplying goods or services. This facilitated fraudulent claims of Input Tax Credit.…
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The Gujarat High Court censured a GST officer for depending on unverified AI-produced court citations, which proved fictitious. The errors impacted a matter involving Marhabba Overseas Private Limited. The court called for thorough verification and prudent use of AI in…
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