The central government is checking if companies are giving Goods and Services Tax benefits to buyers. Field reports will decide enforcement after September. Over 50 products are under review. Tax cuts reflect in almost 90 per cent of sectors. An…
Read More
India’s hospitality sector is poised for growth with reduced GST rates on hotel accommodations up to Rs 7,500, effective September 2025. While consumers benefit from lower taxes, hotels face challenges due to the denial of Input Tax Credit, requiring careful…
Read More
Liquor sales at Indian airports are booming. Duty-free and travel retail saw 13% growth, outpacing domestic beverage sector. Whisky dominates, growing 12%. Passenger numbers are expected to rise. Global travel retail is vital for drinks companies. India’s middle class and…
Read More
S Jaishankar addressed the G20 Foreign Ministers’ meeting, criticizing double standards in energy purchases, particularly regarding Russian oil, and emphasizing the need for dialogue and diplomacy to address global conflicts. He highlighted the impact of conflicts in Ukraine and Gaza…
Read More
The Supreme Court will hear Vodafone Idea’s plea against the Department of Telecommunications’ demand for additional adjusted gross revenue dues. The hearing is scheduled for October 6. Vodafone Idea is challenging the demand of ₹9,450 crore. The company seeks to…
Read More
The Supreme Court upheld JSW Steel’s ₹19,700-crore resolution plan for Bhushan Power and Steel, affirming the commercial wisdom of the Committee of Creditors. The court dismissed objections from former promoters and creditors, emphasizing that reopening claims post-approval would violate the…
Read More