Finance Minister Nirmala Sitharaman instructed tax officials to enhance GST registration. She also focused on faster refunds and grievance resolution. Sitharaman stressed reducing port dwell times for trade competitiveness. Speedy investigations and preventing tax evasion were also priorities. The minister…
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Ola, Uber, and Rapido will approach CBIC regarding GST on their SaaS model following conflicting rulings from the Karnataka AAR. Some firms avoid tax on subscriptions, creating inequality. The subscription model helps bypass the 5% GST. A Karnataka High Court…
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GLOBAL-OIL/ (UPDATE 1)UPDATE 1-Oil hits five-month high after US attacks key Iranian nuclear sites
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The Odisha government has removed HDFC Bank, ICICI Bank, and Axis Bank from its list of empanelled banks due to their consistently poor performance in key government schemes and discouraging banking parameters. The state has directed its departments and organizations…
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To combat the surge in digital payment frauds, major Indian banks are collaborating with the RBI to develop the Digital Payment Intelligence Platform (DPIP). This Digital Public Infrastructure aims to enhance fraud risk management through real-time intelligence sharing, preventing fraudulent…
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Hardeep Singh Puri assures citizens of stable energy supply. This comes as tensions rise in the Middle East. Iran’s actions near the Strait of Hormuz raise concerns. India has diversified its oil import routes.
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