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…
Why is OpenAI’s annualized revenue $20 billion below earlier estimates?
OpenAI’s annualized revenue is reportedly around $50 billion as of September. This is about $20 billion lower than the earlier estimate of $70 billion. OpenAI’s…
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…
Exports to hit $1 trillion this fiscal: Piyush Goyal
New Delhi: Commerce and industry minister Piyush Goyal on Thursday expressed confidence that India would achieve $1 trillion in exports of goods and services in…
India, 14 others ink joint ministerial statement to curb structural excess capacity
India joined 14 other economies including the United States, European Union and the UK in signing a joint ministerial statement to curb structural excess capacity…