MUMBAI: The goods and services tax (GST) regime and the Insolvency and Bankruptcy Code (IBC) are locked in a seemingly intractable impasse, entangling companies undergoing resolution. Some are planning to take the indirect tax department to court over the issue, experts said.
Businesses are likely to get extra time for filing their Goods and Services Tax (GST) annual return and audit report for FY19, the first full year of the indirect tax reform.
CHENNAI: The CBI has filed cases pertaining to a duty drawback scam of Rs 12 crore at the Tuticorin Port, where textile manufacturers based in Hosur and Tirupur and several other facilitating companies, have been accused of cheating and fraud.
The Cotton Association of India (CAI) has lowered its import estimate for the season in view of actual shipments reaching Indian ports being lower than estimated previously.
The Narendra Modi-government’s decision to start a fresh round of consultations with industry to help them tide over the crippling effects of a slowdown needs to be welcomed.
Lucknow, Sep 11 (KNN) Refuting the claims that auto sector is witnessing slowdown because of increased use of Ola and Uber kind of taxi services, a city based MSME entrepreneur cum former President of Indian Industries Association has said the claims are not based on data.