The CBIC is monitoring price changes of essential goods after the GST rate cuts on September 22nd. Field officials are collecting data from retailers and e-commerce platforms to ensure that the tax benefits are passed on to consumers.
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India enters the festive quarter with a rare alignment of positives, tax relief through GST 2.0, strong monsoon driven rural revival, robust MSME credit momentum, and aggressive festive offers from banks. With system credit growth expected to climb into double…
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Economists are largely suggesting the Reserve Bank of India (RBI) to pause policy rates, encouraged by lower inflation and strong economic growth. Market participants are expected to advocate for a rate reduction, aligning with the US Federal Reserve’s recent cut.…
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Adani group chairman Gautam Adani called the allegations part of a “targeted, multidimensional assault” and credited his employees for maintaining operational momentum despite global scrutiny.
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Companies face potential penalties as the Income Tax portal rejected advance tax payments due to technical issues on the deadline. Tax advisors are appealing to the direct tax board and finance ministry for waivers, citing glitches that prevented timely payments.
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India’s core sector output surged by 6.3% in August, marking a 15-month high, fueled by a low base and strong performances in coal and steel. While coal output rebounded significantly, steel also demonstrated robust growth, indicating heightened infrastructure activity. However,…
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