Can tax cuts fuel a consumption boom?

Consumption is crucial for the economy amid uncertain exports and low corporate investments. The finance minister introduced significant income-tax cuts while maintaining fiscal consolidation. Although the impact on household consumption is unclear, corporate earnings should compensate. Real wage recovery remains…

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GST rules for credit notes tightened to stop leakage

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims to prevent revenue leakage and double tax benefits. The amendment could face legal challenges as…

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