SC judgment nullified; GST Council fixes Safari Retreats' error retrospectively
The Morning Standard|December 23, 2024
The government has 'nullified' the Supreme Court order in the Safari Retreats case that allowed commercial real estate companies to claim input tax credit (ITC) on construction costs for their rental buildings.
DIPAK MONDAL
SC judgment nullified; GST Council fixes Safari Retreats' error retrospectively

The GST Council in its 55th meeting in Jaisalmer has proposed to retrospectively amend the GST law to restrict input tax credit on construction services. The amendment necessarily overturns the judgment of the Supreme Court.

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We expect 2025 to be a strong year for us in India: Toyota
The Morning Standard

We expect 2025 to be a strong year for us in India: Toyota

AT a time when most automakers are grappling with sluggish demand, Toyota Kirloskar Motor (TKM) is achieving impressive double-digit sales growth each month. This success is driven by its strong SUV portfolio and the strategic partnership between its parent company, Toyota Motor Corporation, and Suzuki Motor Corporation. The Japanese automaker is set to surpass the 3 lakh annual sales milestone in the financial year 2025 and expects this robust growth to continue into the next fiscal year. Unlike other carmakers focusing heavily on electrification, TKM has adopted a unique strategy by offering a broader range of green powertrain options, emphasizing its ultimate goal of reducing carbon emissions. In an interaction with TNIE's Arshad Khan, Vikram Gulati - Country Head of TKM and Sabari Manohar - Vice President of Sales at TKM discuss Toyota's growth in India, their approach towards different powertrains and investments by the company. Edited excerpts:

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2 minutos  |
December 23, 2024
Words of Wisdom for Yashasvi
The Morning Standard

Words of Wisdom for Yashasvi

During a net session ahead of the Boxing Day Test in Melbourne, Kohli, Rahul and coach Gambhir give pep talks to Mumbai batter, who has struggled to spend time in the middle

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3 minutos  |
December 23, 2024
Three-star Blasters down Mohammedan
The Morning Standard

Three-star Blasters down Mohammedan

KERALA Blasters FC players delighted the home crowd to record a dominant 3-0 win over Mohammedan SC in the Indian Super League at the Jawaharlal Nehru Stadium here on Sunday.

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1 min  |
December 23, 2024
The making of fast bowler Boland: Cult hero of MCG
The Morning Standard

The making of fast bowler Boland: Cult hero of MCG

ON a hot Saturday afternoon at the AH Butler Oval, Frankston Peninsula Cricket Club was playing against Camberwell Magpies Cricket Club in the local game on the outskirts of Melbourne.

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3 minutos  |
December 23, 2024
Mandhana climbs another mountain as India beat West Indies
The Morning Standard

Mandhana climbs another mountain as India beat West Indies

THERE is a famous bridge that connects the city of Sangli with the rest of the world on the river Krishna called Irwin Bridge.

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2 minutos  |
December 23, 2024
KNOW LINEAR AND LATERAL THINKING
The Morning Standard

KNOW LINEAR AND LATERAL THINKING

AS a result of geopolitical tensions, scheduled general elections in India during the mid-year and in the USA towards the end of the year as well as valuations that had sky-rocketed, volatility during 2024 was anticipated by many of us.

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December 23, 2024
IS ALGORITHMIC TRADING FOR YOU?
The Morning Standard

IS ALGORITHMIC TRADING FOR YOU?

TECHNOLOGY should expand the scope of human skills. There are things that you can do yourself using your skills. You can use technology to support your skills and create something even more potent than before.

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2 minutos  |
December 23, 2024
Banks' profits spike in first 9 mths of 2024
The Morning Standard

Banks' profits spike in first 9 mths of 2024

BANKS have raked in as much as ₹2.7 lakh crore in net income in the first nine months of 2024.

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2 minutos  |
December 23, 2024
The Morning Standard

Women-only flight lands in Iran's Mashhad

AN Iranian airline conducted a rare women-only flight on Sunday, landing for the first time in the holy city of Mashhad in the northeast, according to the official IRNA news agency.

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1 min  |
December 23, 2024
The Morning Standard

Pentagon report on PLA slanderous, says China

THE Chinese military has denounced a recent Pentagon report alleging corruption is denting PLA's modernisation, saying the report \"desperately slandered\" the Chinese military and \"exaggerated\" the military threat posed by China.

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December 23, 2024