Category: Economy
GST 2026: Simpler compliance, tech-led enforcement reflect growing trust between government and industry, says Deloitte’s MS Mani
A key aspect underlining the GST Council meeting is the growing mutual trust between government and industry. Following the positive response to the September 2025…
GST rejig: Credit relief, export push and simpler rules make Diwali come early for industry, says EY’s Bipin Sapra
As the festive season draws near, the industry has much to cheer about and celebrate. The 57th GST council has unleashed a set of bold…
GST reforms: 16 lakh small businesses may get annual return option, easier e-commerce selling
More than 16 lakh small businesses that sell directly to consumers could soon file only one GST return annually with the GST Council’s in-principle nod…
GST reforms: No tax on toll collection by highway concessionaires; road maintenance tax liability clarified
In a move expected to settle tax ambiguity around highway monetisation and provide greater certainty to infrastructure projects, the GST Council on Thursday clarified that…
GST reforms: 38,700 exporters to get faster refunds, wider access to input tax credits
Almost 38,700 export taxpayers will become eligible to claim cash refunds on input taxes paid on services and plant and machinery, directly addressing the long-standing…
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to India
The monthly refund of tax paid on plant and machinery for five years, the removal of structural and procedural inefficiencies, and the release of credit…
GST reforms 2026: Employers get ITC on employee health, life insurance premiums
The GST Council allowed employers to claim input tax credit (ITC) on GST paid on health and life insurance policies taken for their employees, a…
GST reforms 2026: Govt plans faceless, centralised CGST system for 2 lakh multi-jurisdiction taxpayers
The government plans to move the central GST (CGST) administration towards a faceless, centralised model, creating a unified window for businesses that currently deal with…
RBI’s sell-buy swaps slow rupee’s fall but push up forward premiums, making hedging costlier for foreign investors
Mumbai: The central bank’s sell-buy swaps, wherein it sells dollars in the spot market with a promise to buy back the units on a future…
Black Sea attacks hit yellow peas, sunflower oil supplies to India
Pune: Russia’s exports of yellow peas to India have come to a halt in the past two months following attacks on its ports in the…