Page 23 - Harsh Kumar

SBI-led panel against 18% GST on co-lending; submits report to FinMin

Says co-lending should be restricted to priority sector lending and not extended to other areas

CBDT forms an internal committee for full review of Income-Tax Act

Public feedback invited to help make the Act concise and easy to understand

Rs 500 cr investment scam: PhonePe, Easebuzz, 20 other firms under probe

Delhi Police also probing alleged involvement of social media influencers

Supreme Court allows claiming input tax credit on construction expenses

Exception for commercial buildings meant for renting, leasing purposes

SC upholds 90,000 tax reassessment notices issued under old regime

Move will impact assessees who received tax notices from April to June 2021 under the old reassessment regime

Banks to seek govt guarantee on equity conversion before lending to Vi

The telecom giant is seeking to borrow approximately Rs 35,000 crore, but most banks are wary of extending credit, particularly as VI has struggled to raise funds from other sources

Gandhi Jayanti: MSME raises wages for spinners by 25%, weavers by 7%

According to the official statement by the ministry, a special discount of 20 per cent on Khadi products and 10 per cent on Village Industries products has been launched at the flagship Khadi Bhavan

GST mopup growth in September slowest in H1FY25 amid high refunds

Net numbers fall 3.9% to Rs 1.5 trn

Mechanism to control GST fraud in ITC claims expected in November

In FY24, Central GST officers booked 9,190 cases involving fake ITC worth Rs 36,374 crore

Consensus eludes GoM on GST rate rationalisation, over 100 items discussed

The outcome of the rate rationalisation discussions will be crucial in shaping the agenda for the upcoming 55th GST Council meeting, expected in November

Infosys GST demand notices: Relief in sight, 2 options on the table

Finance ministry may declare notices null and void or reduce tax liability

13 candidates in fray for PNB top job; FSIB may hold interviews next month

Among the contenders are two executive directors (EDs) from Bank of Baroda, one ED each from Union Bank of India, Indian Overseas Bank, and Canara Bank, and several deputy MDs from SBI

GoM meeting in Goa: No consensus on GST proposals for real estate sector

Meeting favours States that declare tourism as infra to facilitate exemptions

Two-day GST Summit in Goa: GoM to review tax rates for 100+ products

The recommendations from this panel will serve as the foundation for a report to be presented at the 55th GST Council meeting in November

Eyeing entry into affordable housing loans: Godrej Capital MD & CEO

Shah discussed NBFCs' recent plans for affordable housing and initial public offerings

Finance Ministry urges DRTs, banks to expedite loan recovery processes

FinMin calls on DRTs to engage borrowers in smaller cases outside tribunals to alleviate pendency burden

Finance ministry notifies direct tax Vivad Se Vishwas Scheme, 2024

Though the scheme's operational date has been announced, the final date for the scheme is yet to be determined

Respect, capability, prosperity define PM Vishwakarma Yojana: PM Modi

The PM MITRA Park in Amravati is being developed by the Maharashtra Industrial Development Corporation (MIDC) as the state implementation agency over a 1,000-acre park

'One State, One RRB' policy gains momentum; may make debut in March 2025

Finance Minister Nirmala Sitharaman has urged RRBs to focus on improving digital services and supporting MSME growth

India should establish clear obligations for domestic PEPs: FATF

Global body says non-profit sector requires protection from terror