An internal assessment, these officials reveal, suggests that the compensation cess needs to continue till FY26 to meet the estimated shortfall of 1.37 trillion as of March 2025.
The GST Council, headed by Union Finance Minister Nirmala Sitharaman and with all state finance ministers as its members, has a packed agenda and might give relief to foreign airlines grappling with GST notices of more than ₹10,000 crore. The fitment panel, set up by the council and consisting of revenue officials from the Centre and states, has recommended an exemption and regularisation of the past period on an as-iswhere-is basis.
The GST intelligence department has issued show cause notices to the India offices of at least 10 foreign airlines pertaining to services received by their headquarters and asked them to cough up GST at the rate of 18 per cent.
هذه القصة مأخوذة من طبعة September 04, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة September 04, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Pioneer of parallel cinema dies at 90
Veteran filmmaker Shyam Benegal, who heralded the Indian parallel cinema movement in the 1970s and 1980s with films such as Ankur, Nishant and Manthan, died on Monday, his daughter Pia said. He was 90.
How tech is changing the landscape of elder care
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Amber Enterprises posts sharpest rise in 2 mths
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Weak management commentary weighs on Siemens stock
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Mkts stage sharp recovery after five days of fall
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The five initial public offerings (IPOs) that closed on Monday attracted cumulative bids worth ₹1.4 trillion against ₹2,909 crore they were looking to raise. These offerings were subscribed between 11 and 195 times.
Zomato pips Maruti, HUL in Sensex weight
Becomes first new-age firm to join 30-share benchmark
