The 54th meeting of the Goods and Services Tax (GST) Council took several important decisions, while it was noted that some critical issues will be reviewed by various groups of ministers (GoMs) from states. Among the key decisions by the Council was to exempt the import of services by foreign airlines from related parties based outside the country when such transitions are made without consideration. This will help a number of foreign airlines that were served tax notices. The Council also recommended business-to-consumer e-invoicing on a pilot basis. This comes after the successful implementation of the business-to-business einvoicing. The Council expects it to bring more efficiency into the system, which should also help improve tax collection over time. Besides, the Council lowered GST on some cancer drugs.
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A yr of Israel-Hamas war: Trade with W Asia holds steady
However, trade with Israel, Lebanon, Jordan declines during January-July period
Lights, Camera, Commerce! Rajinikanth and Bachchan unite in branding mega-hit
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West Asia crisis forces airlines to reroute
The closure of Iranian airspace after Iran fired missiles on Israel amid the crisis in West Asia have forced carriers to reroute various flights to Europe from Mumbai, increasing their flying duration by up to 20 minutes.
Status quo on rate; stance too may not change
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A decade of Make in India
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MODEL CODE OF CONSTRUCT
Apple is replicating its China model of manufacturing in India, with tweaks. How is it working out?
Money in the bank
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How India made M&A easier for companies
The aspirations of a young India and increased income levels have encouraged companies to consider mergers and acquisitions (M&A) to keep up with demand.
Rising home prices: Consider outskirts, in-progress projects
But be mindful of the potential drawbacks of these options and make balanced choices
Retail investors vs algos: Like lambs to slaughter
TRUTH BE TOLD