Tag: indirect tax
GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaul
New Delhi: The GST Council approved a sweeping recast of the indirect tax structure that includes scrapping arrest powers, besides easing the compliance structure and…
Govt extends GST Appellate Tribunal appeal filing deadline to July 31 after portal rush
Centre has extended the last date for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) to July 31, 2026, giving taxpayers an…
India’s FY26 tax collections remain weak, FY27 may be a different story: CareEdge Ratings
New Delhi: The central government’s tax collections have remained weak so far in the ongoing financial year 2025-26 (FY26), with growth significantly lower than budgeted…
CBIC allows 90% provisional refund for IDS claims
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) has instructed its field formations to sanction 90% of the refund amount claimed on…
NCH receives 3,000 GST-related complaints post tax cuts: Consumer Affairs Secretary
New Delhi: Consumer Affairs Secretary Nidhi Khare on Monday said the government’s National Consumer Helpline (NCH) has received close to 3,000 complaints related to GST…
CBIC asks staff to track prices before, after GST cut
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has asked its field officials across the country to collect information from dealers and…
New invoice system in works to curb automated notices
New Delhi: The Central Board of Indirect taxes and Customs (CBIC) is working on a new advanced invoice management system that will prevent system-generated notices…
Economists track GST rate cuts for impact on prices, inflation and festive demand
New Delhi: With GST rate cuts kicking in on Monday, economists are closely watching various aspects, from whether companies pass on the benefits to consumers…
CBIC to meet trade bodies, industry on smooth rollout of GST reforms
New Delhi: The Central Board of Indirect Taxes & Customs (CBIC) is set to hold a meeting with industry associations and trade bodies to discuss…
What does EBITDA mean? How is it calculated?
What does EBITDA mean? The term stands for ‘earnings before interest, taxes, depreciation and amortisation’. EBITDA is one of the commonly used financial metrics to…