Direct investment in mutual funds is not as cheap as you think
Mumbai: Asset management companies (AMCs) raised fees for those who invested in direct mutual fund plans as they sought to offset revenue...
Pending VAT comes to haunt companies claiming input tax credit
NEW DELHI: State tax authorities have begun blocking input tax credit claims of companies that have any value-added tax (VAT) demand in...
Haryana tax dept issues circular, asks officers to block input GST credit
The indirect tax department in Haryana has issued a circular, asking field officers to block input tax credit on certain conditions...
US curbs looming, India reduces Iran oil imports by 30%
NEW DELHI: With an over 30% reduction in imports of oil from Iran in the past few months, India is hoping to be eligible for a waiver on...
GST collections cross Rs 1 lakh crore in October
GST collections in October crossed the Rs 1 lakh crore mark, after a gap of 5 months, on the back of festive demand, anti-evasion...
Mumbai: Vikhroli businessman, four others held for Rs 440-crore GST credit fraud
MUMBAI: Five people, including the director of a Vikhroli-based company, have been arrested by central GST officials for fraudulently...
Supreme Court asks Centre to clear stance on cryptocurrency within two weeks
The Supreme Court has asked the government to clarify its stand on the matter of cryptocurrencies. While hearing petitions challenging a...
Pricing strategies of 50 companies under NAA lens
The anti-profiteering body under the goods and services tax framework is seeking details on pricing strategies from consumer goods...
No antidumping duty on a chemical imported from China, Germany, Saudi Arabia
The Commerce Ministry has not recommended any antidumping duty on imports of a chemical, used in the pharma industry, from China, Germany...
GST anti profiteering clause puts FMCG firms in a fix
New Delhi: With input costs remaining high, manufacturers of consumer packaged goods have had little choice so far but to increase prices...
