Hero MotoCorp gets over Rs 17 cr tax notice from Delhi GST authorities

Hero MotoCorp gets over Rs 17 cr tax notice from Delhi GST authorities

Monday, 19 August 2024 | PTI | New Delhi

Hero MotoCorp on Sunday said it has received a demand notice of over Rs 17 crore from Delhi GST authorities. The company has received an order dated August 17, 2024, for disallowance of input tax credit for FY 2019-20 from the Office of the GST Officer, Government of NCT of Delhi,...

Demand for warehousing spaces in Delhi-NCR dips 77% in Jan-June; Chennai sees 3-fold jump: Vestian

Sunday, 18 August 2024 | PTI | New Delhi

Delhi-NCR witnessed a 77 per cent decline in leasing of warehousing and logistics spaces during January-June this year, while Chennai saw a 3-fold jump in demand, according to real estate consultant Vestian. As per Vestian’s latest Warehousing and Logistics Sector review for January-June 2024, the absorption of warehousing and logistics spaces...

India will need more reforms to stay on growth path, create jobs: Gita Gopinath

Sunday, 18 August 2024 | PTI | New Delhi

India will need to undertake more reforms to be able to continue on the path of raising economic growth and to make sure that enough job creation happens in the country, IMF deputy managing director Gita Gopinath said on Saturday. Addressing an event here, Gopinath further said that India will be...

India exports first consignment of fig juice to Poland

Sunday, 18 August 2024 | PTI | New Delhi

India has exported the first consignment of fig juice to Poland as part of its initiative to increase shipments of unique agro products from the country, the commerce ministry said on Saturday. The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the export of India’s first ready-to-drink fig juice,...

CBIC asks GST officers to consult board on law interpretation while conducting audit

Sunday, 18 August 2024 | PTI | New Delhi

The CBIC has asked GST officers conducting audit to refer to the board those cases where they face issues of conflicting interpretation of provisions of the tax law. In an instruction to field offices, the Central Board of Indirect Taxes and Customs (CBIC) said during the process of audit, a CGST...

Open to exploring more ways to increase India’s collaboration with IMF: FM

Sunday, 18 August 2024 | PTI | New Delhi

India is open to exploring more ways to increase its collaboration with the International Monetary Fund (IMF), Finance Minister Nirmala Sitharaman said during a meeting with IMF’s First Deputy Managing Director Gita Gopinath on Saturday. During the meeting, Gopinath congratulated the Finance Minister on policy continuity in the fiscal consolidation path...

Sebi proposes expansion of sustainable finance framework in securities market

Sunday, 18 August 2024 | PTI | New Delhi

arkets regulator Sebi has proposed expansion of the sustainable finance framework in the securities market by introducing a new category of financial instruments. This category will include Social Bonds, Sustainable Bonds, and Sustainability-linked Bonds in addition to the current green debt securities. It aims to provide issuers with flexibility in raising...

Windfall tax on crude petroleum reduced to Rs 2,100/tonne

Sunday, 18 August 2024 | PTI | New Delhi

The government has slashed windfall tax on domestically produced crude oil to Rs 2,100 per tonne, from Rs 4,600 per tonne with effect from Saturday. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF, has...

State Editions

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