SC judgment nullified; GST Council fixes Safari Retreats' error retrospectively
The New Indian Express Belagavi|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 @ New Delhi

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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The New Indian Express Belagavi

GST rate hike: Used car market faces challenges

Experts say rate hike from 12-18% to impact second-hand vehicle biz

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1 min  |
December 24, 2024
The New Indian Express Belagavi

Tata Capital to raise up to $2 billion from overseas mkt

TATA CAPITAL, which after the merger with the group company Tata Motor's NBFC subsidiary has become the 12th largest non-bank player in terms of AUM, is tapping the global debt market to raise up to $2 billion as part of its medium-term notes (MTN) programme.

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1 min  |
December 24, 2024
The New Indian Express Belagavi

Airtel gains customers for first time since tariff hike in Oct; Jio, Vi lose users

FOR the first time since the tariff hike announced by private telecom service providers in July 2024, Bharti Airtel added 1.9 million subscribers in October 2024.

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1 min  |
December 24, 2024
The New Indian Express Belagavi

Market snaps 5-day losing streak, retail participants advised to take cautious stance

DOMESTIC equity market snapped a five-day losing streak on Monday with the benchmark indices - BSE Sensex and NSE Nifty - gaining 0.70 per cent each.

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1 min  |
December 24, 2024
The New Indian Express Belagavi

Don threatens to take back Panama Canal, gets it from Panama's prez

INCOMING US president Donald Trump on Sunday slammed what he called unfair fees for US ships passing through the Panama Canal and threatened to demand control of the waterway be returned to Washington.

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2 mins  |
December 24, 2024
The New Indian Express Belagavi

TRAI asks telcos to offer tariff vouchers for calls, SMS

THE Telecom Regulatory Authority of India (TRAI) has directed telecom service providers to offer separate special tariff vouchers (STVs) for voice calls and SMS services.

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1 min  |
December 24, 2024
The New Indian Express Belagavi

Protests erupt after idol of Ambedkar vandalised

A statue of Dr. Babasaheb Ambedkar was vandalized in Ahmedabad's Khokhra area on Monday morning, sparking outrage amid the ongoing controversy over a contentious statement by Home Minister Amit Shah in Parliament about the Dalit icon.

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1 min  |
December 24, 2024
The New Indian Express Belagavi

College students locked up inside hostel for hours

AS many as 90 students of Government Polytechnic College in Saraikela were allegedly locked inside the hostel for at least two hours on the behest of the principal for failing to pay the contribution money for the fresher's party being charged forcefully by them.

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1 min  |
December 24, 2024
The New Indian Express Belagavi

Parbhani youth killed for being Dalit: Rahul

CONGRESS MP and Leader of the Opposition in the Lok Sabha Rahul Gandhi on Monday met the family members of Somnath Suryawanshi, who allegedly died in police custody in Parbhani and alleged he was killed because he was a Dalit.

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1 min  |
December 24, 2024
The New Indian Express Belagavi

Snowfall in Himachal, severe cold alert issued

HIMACHAL Pradesh experienced its second light snowfall of the season on Monday, bringing joy to both locals and tourists.

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2 mins  |
December 24, 2024