Stay updated with the latest goods-and-services-tax-india news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on goods-and-services-tax-india topics.
Mumbai, March 31 (SocialNews.XYZ) The Securities and Exchange Board of India (SEBI) has initiated regulatory action against Elitecon International Ltd after finding prima facie evidence of a pump-and-dump scheme in the company's shares. The capital markets regulator observed that the stock surged more than 60 times within a short period before witnessing a sharp decline, a pattern it said was indicative of manipulative trading. In addition, the price rally was allegedly supported by coordinate ...Read More >
Kovilpatti (Tamil Nadu), Mar 31 (PTI) AIADMK chief Edappadi K Palaniswami has said his party would push for lowering of GST rate for the match industry in order to support the sector. Addressing a poll campaign in Kovilpatti in Tuticorin district on Monday night, he said his party has sought a reduction in the Goods and Services Tax for the industry to 12 per cent from 18 per cent. "We will urge the centre to reduce 5 per cent GST for the match industry," the AIADMK general secretary assured. ...Read More >
New Delhi: Riding the momentum in India's renewable push, Enviro Infra Engineers has bagged a significant battery storage project, positioning itself in a fast-growing segment of power infrastructure. Enviro Infra Engineers has secured a Letter of Award from NTPC Limited for executing Battery Energy Storage System (BESS) projects. The contract spans two locations -- Tanda in Uttar Pradesh and Bongaigaon in Assam -- marking a key addition to the company's renewable energy portfolio. The project ...Read More >
Hubballi: Ina major anti-corruption operation, a Deputy Commissioner (DC) from the Commercial Tax Audit wing has been trapped by the Karnataka Lokayukta for allegedly demanding a bribe in the name of clearing GST dues. The accused officer, Bharat Hegde, was caught following a complaint lodged by a petrol bunk owner, exposing yet another instance of corruption within the tax administration system. According to officials, Bharat Hegde, who was serving as DC in the Commercial Tax Audit division, h ...Read More >
Addressing a press conference, Cheema said 882 establishments in urban centres like Mohali, Jalandhar, and Ludhiana are being investigated, with ₹2.02 crore recovered so far. The minister said that these outlets were identified through a state-wide data-driven enforcement exercise. "With the inclusion of data for the financial years 2023-24 and 2024-25, the total magnitude of evasion is likely to reach approximately ₹500 crore," he said. In the preliminary inquiry, 239 cases have been exami ...Read More >
Mumbai: In a push into large-scale energy storage, Pace Digitek has landed a significant NTPC contract that strengthens its position in India's fast-growing grid stabilisation and renewable integration segment. Wins Large EPC Order The company has secured a Letter of Acceptance worth Rs 494.54 crore, excluding GST, from NTPC for executing a BESS project at the Nabinagar Super Thermal Power Station. The contract covers end-to-end execution, positioning Pace Digitek as a key contributor to infra ...Read More >
CHANDIGARH: A turnover evasion racket worth Rs 200 crore has been unearthed among dhabas, eateries, restaurants, and fast-food outlets in Punjab. Authorities estimate that the evasion could rise to nearly Rs 500 crore, as hundreds of establishments have reportedly used specific features of billing software such as PetPooja, along with other applications, to suppress sales records by deleting cash bills and thereby evade Goods and Services Tax (GST). Addressing a press conference, Punjab Excise ...Read More >
Chandigarh, Mar 30 (UNI) Punjab Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema on Monday said a massive tax evasion racket has been unearthed within the state's hospitality sector, totalling approximately Rs 200 crore. Addressing a press conference at Punjab Bhawan, the Minister revealed a deep-rooted and systemic trend of under-reporting income among dhabas, restaurants, fast-food outlets, and small eateries. Under the leadership of Chief Minister Bhagwant Singh ...Read More >
Chandigarh, Mar 30 (PTI) Punjab Finance Minister Harpal Singh Cheema on Monday said the state government has detected tax evasion worth about Rs 200 crore in the state's hospitality sector, with the total amount likely to rise to nearly Rs 500 crore as the investigation is expanded. Addressing a press conference here, Cheema said a total of 882 establishments, including dhabas, restaurants, eateries, bakeries, sweet shops, and catering services, have been brought under the scanner as part of a ...Read More >
Titagarh Rail Systems has secured a contract from Balmer Lawrie & for the appointment as a lessor to provide two BFNS22.9 rakes on an operating lease basis. The scope of work includes supplying two rakes comprising 43 wagons each, along with 4% spare wagons, with each wagon having a carrying capacity of 64.89 MT. These rakes will be deployed for transportation of HR coils, sheets, and plates over the Indian Railways network, as per the latest approved designs of Research Designs and Standards O ...Read More >
Bharat Heavy Electricals Ltd. (BHEL) has received a ₹13,500 crore order from NTPC Ltd. for the main plant package of the 3x800 MW Telangana Stage-II supercritical thermal power project, the company said in an exchange filing on Monday, March 30. The Notification of Award (NOA) pertains to the project located in the Peddapalli district of Telangana. The scope of work includes design, engineering, manufacturing, supply, erection, commissioning, and testing of the main plant package, covering bo ...Read More >
New Delhi, Mar 30 (PTI) State-owned BHEL on Monday said it has secured an order worth Rs 13,500 crore from NTPC for main plant package of 2,400 MW Telangana Stage-II thermal power plant. BHEL emerged as a successful bidder for this project in October 2024, a regulatory filing said. On March 29, 2026, BHEL received a Notification of Award (NOA) from NTPC for 3x800 MW Telangana Stage-II project (Main Plant Package). The scope of order includes design, engineering, manufacturing, supply, erectio ...Read More >
Kerala Lottery Result Today: Samrudhi SM-48 lottery result will be declared today, on Sunday, March 29. Check the live updates and full list of winning numbers from 3 pm. Kerala Lottery Result Today Live, 29-3-2026: The Kerala State Lottery Department is set to announce the Samrudhi SM-48 lottery results on Sunday, March 29. The draw will take place at Gorky Bhavan, near Bakery Junction in Thiruvananthapuram, beginning at 3pm. Participants have the opportunity to win substantial cash prizes, w ...Read More >
"BJP wale to ulti budhi ke log hai, inki neeyat mein khot hai (BJP people have warped thinking. They don't have good intentions)," he said. The 16th Finance Commission report has recommended the discontinuation of the Revenue Deficit Grant to 17 states, which includes Himachal Pradesh. The revenue minister, who returned from Delhi to Shimla after discussing the discontinuation of revenue deficit grant (RDG) to the state with the Congress high command, said Article 275(1) of the Indian Constitu ...Read More >
Bengaluru, Feb 23 (PTI) Karnataka Minister for Large and Medium Industries M B Patil on Monday inaugurated Amazon's newly constructed, fully equipped 11 lakh sq ft corporate office near Yelahanka here. Built on a five-acre site approximately 15 kilometres from Kempegowda International Airport, Amazon said this is its second largest office in Asia. The 12-storey campus will support over 7,000 employees across ecommerce, operations, payments, technology, and seller services in India, Amazon said ...Read More >
Mumbai (Maharashtra) [India], December 17 (ANI): The Securities and Exchange Board of India (SEBI) on Wednesday approved a series of far-reaching regulatory reforms aimed at simplifying market regulations, lowering transaction costs and improving cost transparency, measures that are expected to boost investor participation across mutual funds, equity and debt markets. At its board meeting held in Mumbai, SEBI Chairman underlined the need for simplifying regulatory language and improving ease of ...Read More >
New Delhi: Congress leader Rahul Gandhi on Wednesday accused the Modi government of promoting "monopoly or duopoly" across sectors and called for restoring control of the Indian economy to micro, small and medium enterprises (MSMEs). In a post on his WhatsApp channel, the Leader of the Opposition in the Lok Sabha said monopoly or duopoly was a "curse for India" and alleged that the government was encouraging it in every sector and industry.Referring to his interaction with small and medium ice ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) The Rajya Sabha on Wednesday witnessed intense debate on the Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, which proposes raising foreign direct investment (FDI) in the insurance sector to 100 pe cent from 74 per cent, among other reforms to modernise the industry and achieve 'Insurance for All by 2047'. The Bill, passed by the Lok Sabha on December 16, amends the Insurance Act, 1938; Life Insurance Corporation Act, 1956; and Insurance Regu ...Read More >
India is actively seeking a larger role in global supply chains as companies shift manufacturing. IMF Chief Economist Gita Gopinath highlights the need for reforms in land acquisition and labor. Skill development is also crucial for economic growth. India is working to capture a larger share of global supply chains as companies diversify away from traditional manufacturing hubs. Speaking to Times Network, IMF Chief Economist Gita Gopinath said, "India has made improvements in physical infrastru ...Read More >
Mumbai, Dec 17 (PTI) Markets regulator Sebi on Wednesday approved a comprehensive overhaul of mutual fund regulations, including changes to the expense ratio framework and limits on brokerage charges, to boost transparency. The proposals are aimed at bringing regulatory clarity, reducing redundancies, and promoting ease of compliance. In its board meeting, Sebi has cleared a proposal to exclude all statutory levy -- STT (Securities Transaction Tax), GST (Goods and Services Tax), CTT (Commodity ...Read More >
Mumbai, Dec 17 (PTI) Market regulator Sebi at its board meeting on Wednesday approved wide-ranging reforms, including a proposal to simplify the offer document by companies seeking to raise funds. It also cleared a proposal to enhance mutual fund transparency by breaking down Total Expense Ratio (TER), said a release. The proposal to simplify the offer document summary will enable investors to make informed decisions, it added. It also allowed debt issuers to offer incentives in public issues ...Read More >
The Sebi board will review proposals for greater transparency among senior officials. Reforms for mutual funds and stock brokers are also on the agenda. These changes aim to simplify rules and enhance clarity for investors. Relaxed KYC norms for NRIs and a new closing-auction session are expected. The regulator is set to implement significant updates to financial market regulations. New Delhi, Sebi board on Wednesday will consider a report of a high-level panel, which has recommended public dis ...Read More >
New Delhi: Enhancing foreign direct investment limit to 100% will enable global insurance companies to inject substantial capital directly without waiting for domestic partners, Union finance minister Nirmala Sitharaman told the Lok Sabha on Tuesday as the House passed the insurance bill seeking to remove FDI cap along with over a dozen key sectoral reforms. "If there's a need for growing protection through insurance in this country, we need to have insurance more accessible," she said while re ...Read More >
New Delhi, Dec 16 (PTI) The Communist Party of India on Tuesday opposed the new VB-G RAM G Bill that is set to replace the flagship rural employment scheme MGNREGA, and accused the Union government of dismantling a rights-based law and converting it into a discretionary scheme. In an X post, CPI General Secretary D Raja said the removal of Mahatma Gandhi's name from the Bill confirms that the BJP and its ideological mentors are "disciples of Godse". "The CPI strongly opposes the Union governme ...Read More >
New Delhi [India], December 16 (ANI): In Financial Year 2027, the monetary easing is set to drive the above-trend growth of 7.5% amid the expectations of continuous fiscal tightening, said India Market Outlook 2026 Report by Axis Capital on Tuesday. "We expect the monetary easing to drive above-trend growth of 7.5%. Fiscal tightening is expected to continue, though it would be much slower at 20 bps, but the revival in credit growth in response to much easier monetary conditions is a significant ...Read More >
New Delhi [India], December 16 (ANI): Fast-moving consumer goods (FMCG) companies in India are witnessing signs of demand recovery, supported by recent GST-linked price cuts and higher promotional activity, according to a report by ICICI Bank. The report said that based on-the-ground checks and its own assessment, select FMCG categories are seeing an improvement in demand after companies reduced prices following GST cuts. These price reductions have encouraged consumers to buy more, especially ...Read More >
Shares of Ion Exchange and B. L. Kashyap and Sons climbed on Tuesday after the companies announced fresh order wins. Both the companies rose over 8 per cent, intraday. Shares of Ion Exchange Ltd. and B. L. Kashyap and Sons Ltd. rallied on Tuesday after both companies reported their respective order wins, boosting the stock sentiment. Ion Exchange stock rose as much as 8.3 per cent to ₹414 per share, the steepest gain since December 15 this year. Meanwhile, the stock of B. L. Kashyap and Sons ...Read More >
New Delhi [India], December 16: (BSE: 532719 | NSE: BLKASHYAP), one of India's leading Engineering, Procurement, and Construction (EPC) companies, has secured a major new order from Sattva CKC Private Limited. The project, valued at Rs. 615.69 crore (exclusive of GST), involves the execution of structural and civil works for a large-scale commercial development -- Sattva Chennai Knowledge City -- located in Chennai, Tamil Nadu. Also Read | Bondi Beach Terror Attack: Australian PM Anthony Albane ...Read More >
Strong retail traction and GST 2.0 reforms lift PVs, two-wheelers and three-wheelers to their best-ever November performance even as the industry maintains cautious optimism for FY26. India's automobile industry sustained its post-festive rhythm this month, with passenger vehicles, two-wheelers and three-wheelers marking their highest-ever November sales, supported by continued retail traction and the ongoing impact of GST 2.0 reforms, shows Society of Indian Automobile Manufacturers (SIAM) dat ...Read More >
New Delhi: Retail inflation is expected to rise to around 1.5% in December as year-on-year inflation has likely bottomed out, driven by unfavourable base effects, a gradual unwinding of food deflation in the coming months and a fading disinflationary impact of goods and services tax (GST) cuts, according to Nomura. In FY26, inflation will average 1.9%, it said, slightly below the Reserve Bank of India's (RBI) estimate of 2%. Retail inflation edged up to 0.7% year-on-year in November from a reco ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.