Backed by the government’s Design Linked Incentive (DLI) Scheme, domestic chip design and IPR are accelerating across critical sectors, from surveillance and energy metering to networking and motor control, the Ministry of Electronics and IT said on Thursday.
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Insurance companies are expected to face a setback in the short run following the GST Council’s recent exemption on GST, as it could lead to the loss of input tax credit eligibility, said industry experts and executives, adding that the…
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The GST tax rate cuts can further lower inflation if companies pass on all benefits to the consumers, allowing the Reserve Bank of India (RBI) to cut repo rate once again by 25 bp in the fourth quarter this year,…
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Following GST revisions, individual life and health insurers face the burden of reversing Input Tax Credit accumulated until September 21, 2025. While policyholders benefit from premium exemptions starting September 22, insurers must reverse unutilized credits, impacting their finances. Experts suggest…
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The GST Council raised tax on online real money gaming from 28% to 40%, classifying it as a ‘sin good’ alongside casinos and betting. Household games saw a GST cut to 5%. This follows Parliament’s ban on online real money…
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The Bombay Chartered Accountants’ Society (BCAS) has urged for extensions to income tax deadlines, citing persistent glitches on the e-filing portal. BCAS, along with other associations, highlighted challenges like delayed utility releases, technical bottlenecks, and overlapping deadlines. They propose extending…
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