Haryana’s cabinet has approved a One-Time Settlement Scheme for outstanding dues under pre-GST tax laws. This scheme, starting June 1 for 120 days, aims to reduce litigation and speed up recovery. Taxpayers can apply online. Significant waivers on tax, interest,…
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The National Company Law Appellate Tribunal has rejected Paradeep Phosphates’ plea for Entry Tax exemption in Odisha. The tribunal upheld a lower court’s decision, stating the claim was time-barred. Paradeep Phosphates sought exemption under a rehabilitation scheme approved in 2008.…
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Delhi government slashed VAT on Aviation Turbine Fuel from 25 per cent to 7 per cent , a move expected to benefit airlines and passengers. This decision, in effect for six months, aims to boost economic activity and connectivity despite…
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Maharashtra has cut Value Added Tax on Aviation Turbine Fuel to 7 percent for six months. This decision aims to ease the burden on airlines facing high fuel costs. The move is expected to help stabilize airfares during the summer…
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India’s current account deficit is expected to grow to 2.3 percent of GDP in FY27 from 0.9 percent in FY26. Forex reserves, while substantial, may fall below critical thresholds. Policy actions like fuel price hikes and operationalizing trade deals are…
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Niti Aayog suggests bringing back a 5% GST rate for research and development purchases. This move aims to boost usable funds for research institutions. The proposal also includes increasing India’s R&D spending to at least 2% of GDP within five…
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