NEW DELHI: The GST Council should speed up refunds and address issues around accumulation of input tax credit, including for services and capital goods, while also allowing companies to take credit for expenses related to travel and insurance, EY India chairman & CEO Rajiv Memani said ahead of Wednesday’s meeting.Several of these issues are expected…
File photo: Union finance minister Nirmala Sitharaman (Picture credit: PTI) India’s ambition to become a Viksit Bharat requires an economy in which enterprises of every size can grow, wherever they begin. Over the past 12 years, our govt has worked to create those conditions. GST’s introduction in 2017 established a common national framework for indirect…
GST Council likely to consider proposals on arrest powers, ITC, prosecution threshold and more The GST Council may consider a package of GST process and enforcement reforms at its October 7 meeting, including a proposal to take away the power of tax officers to arrest taxpayers and require judicial authorisation for any arrest.The Council may…
US dollar, bond yields, US-Iran tensions to also shape prices this week Gold and silver prices are likely to remain volatile this week, with the US dollar, bond yields and the unresolved US-Iran tensions expected to shape the outlook for precious metals.Investors will also track the Reserve Bank of India’s monetary policy decision on Wednesday,…
Several factors have contributed to the decline in gold prices from their record highs seen in January this year. Is gold losing its shine as a safe haven asset? After its record breaking rising spree in 2025 to early 2026 when it hit record highs, gold prices have been on a downward spiral. In the…
Jio Platforms could become the biggest public offer of India Jio Platforms is expected to make its stock market debut by the end of October, in what could become India’s largest public offering with an estimated issue size of around USD 3.8 billion.The Reliance Industries digital services arm is expected to seek a valuation of…
OPEC+ is closely monitoring developments in the oil market. OPEC+ has agreed to keep its oil production targets unchanged for November, the group said in a statement after a meeting on Sunday, Reuters reported.The decision comes as the group continues to assess the impact of ongoing conflicts in West Asia and disruptions to oil exports…
RBI rate decision, earnings, crude oil & bond yields could be among the key triggers of stock market trends Indian stock markets are set for another potentially volatile week, with a mix of domestic and global factors likely to determine the direction of equities. The Reserve Bank of India’s interest rate decision, the start of…
The latest price hike comes ahead of the peak festive season. NEW DELHI: Consumer durable manufacturers are expecting double-digit sales growth during the festive season despite a 5-8% increase in prices of air-conditioners and other appliances, with premiumisation, replacement demand, easy financing and improving consumer sentiment likely to support demand.The latest price hike, the third…
The deposits in question were made by the medicine shop owner in three savings accounts. (Image for representative purpose in only) Cash deposits made in bank accounts can invite income tax scrutiny if the assessing officer is unable to detect a clear trail and source. In one such case a pharmaceutical and medicines retailer based…
