The case relates to eight GST refund claims totalling ₹45,92,528 by Singapore Airlines for the period between October 2019 and March 2021. During the period, owing to COVID-19, the airline had to cancel flights and returned fares and GST to…
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Parliament’s Standing Committee on Finance has identified 46 subjects for detailed examination this fiscal year. Topics include artificial intelligence in finance, virtual digital assets, and currency management among others.
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India’s largest companies are preparing for the implementation of Ind AS 118, which may impact financial reporting. Changes include new classifications for income and expenses, and new operating profit reporting methods. Companies face challenges due to complex requirements and the…
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Private lenders are engaging with the regulator on IRDAI’s proposed insurance distribution norms, but are also preparing for the possibility of lower commissions. While the impact will vary across lenders, banks say they could see pressure on insurance fee income…
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The Directorate General of Civil Aviation has extended the deadline for revised pilot rest rules to March 31, 2027. This extension is a response to airlines facing challenges such as rising costs and crew availability issues. Previous relaxations were granted…
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Raina, who has been with the company for 16 years, will step down by the end of December, according to people familiar with the matter. Sethi is currently serving his notice period. Earlier, chief manufacturing officer Sanjeev Agarwal quit the…
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