Business Finance
The Andhra Pradesh Chambers of Commerce and Industry Federation has welcomed the recommendations of the 57th GST Council meeting, saying the reforms could simplify compliance, ease penalties and improve working capital for businesses, particularly MSMEs. AP Chambers Welcomes GST Compliance Reforms AP Chambers President Potluri Bhaskara Rao said the Council’s
Business Finance
The GST Council has approved a sweeping set of compliance reforms aimed at simplifying registration, speeding up refunds, reducing litigation and limiting intrusive enforcement, while leaving GST rates unchanged. GST Refunds to Become Faster and More Automated The Council has reduced the time allowed for acknowledging refund claims from 15 days to 10 days. If […]
Business
Elon Musk has escalated his criticism over delays to Starlink’s India launch by directly questioning the influence of Reliance Industries chairman Mukesh Ambani, after the Indian government rejected Musk’s earlier allegations that powerful business interests were obstructing the satellite internet service. Musk Questions Ambani’s Influence in India Musk said Starlink had
Business
The United States has suspended eight major technology companies, including TCS, Infosys, Wipro and Microsoft, from the Permanent Labor Certification programme, a crucial stage in the employment-based green card process. Eight Tech Companies Suspended From PERM The companies affected are Microsoft, Adobe, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL
Business Finance
The GST Council is set to consider a wide-ranging package of process reforms at its October 8 meeting, including possible decriminalisation of GST offences, relief for global capability centres and simpler rules for refunds, registration and input tax credit. GST Council May Review Arrest Powers One of the major proposals under consideration is removal of […]