[ad_1] NEW DELHI: The Central Board of Indirect Taxes and Customs issued much-awaited clarifications to address problems faced by businesses when companies offer discounts to sellers. The move follows a discussion in this regard at the last all-important meeting of the GST Council, where GST rates were reduced.Very often dealers are offered discounts to push…
[ad_1] NEW DELHI: Public sector banks need to aspire to global competitiveness, strengthen governance and operational resilience, and expand their role as sectoral champions across both traditional and emerging industries, a top official told the two-day brainstorming session of state run banks. M Nagaraju, secretary department of financial services, underlined that public sector banks have…
[ad_1] John Bolton with Donald Trump (File photo) NEW DELHI: Former US National Security Advisor John Bolton has criticised President Donald Trump’s tariff policy on India, calling it “inappropriate” and an example of Trump’s erratic behaviour. He warned that such measures could strain ties between Washington and New Delhi. Bolton also criticised US President for…
[ad_1] The Income Tax Department has received more than six crore income tax returns (ITRs) for assessment year 2025-26, it said on Saturday.“Thank you taxpayers & tax professionals for helping us reach the milestone of 6 crore Income Tax Returns (ITRs) as of now and still counting,” the department posted on X.The deadline to file…
[ad_1] India’s push for self-reliance in manufacturing is beginning to show results, with several consumer-facing companies cutting back sharply on their dependence on imports. As per ET, a study of 20 listed firms in automobiles, electronics and FMCG found that foreign exchange outflows as a share of sales have dropped significantly between FY20 and FY25,…
[ad_1] India plans to develop at least two public sector banks (PSBs) that can rank among the top 20 global lenders by assets as part of its long-term ‘Viksit Bharat 2047’ vision, a senior government official said during the ongoing PSB Manthan 2025, as per news agency PTI. Currently, only State Bank of India (SBI)…
[ad_1] Representative image (Picture credit: ANI) Prices of daily essentials may ease further in the coming months as recent cuts in GST begin to reflect in actual numbers, Bank of Baroda (BoB) said in its latest report. According to news agency ANI, the bank projects retail inflation, measured by the Consumer Price Index (CPI), to…
[ad_1] China rolled out a two-year plan aimed at easing turbulence in its car industry, where aggressive price cuts and trade disputes have weighed heavily on growth.State news agency Xinhua said the programme, covering 2025 and 2026, was issued jointly by eight government departments. It places emphasis on “cost surveys and price monitoring” while urging…
[ad_1] The Central Board of Indirect Taxes and Customs (CBIC) clarified that post-sale discounts offered by manufacturers to dealers, aimed purely at competitive pricing and driving sales, will not attract Goods and Services Tax (GST).In a circular, the board further explained that GST would, however, apply if such discounts are linked to specific promotional services…
[ad_1] India’s home textile exporters are set to face a revenue fall of 5-10% this year, along with lower operating profitability, after the United States enforced a steep 50% tariff from 27 August, according to a report by Crisil Ratings. Exports make up nearly three-quarters of the industry’s turnover, making the impact significant.As per news…