
GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payout
The 57th GST Council may remove arrest provisions and introduce 90% automatic refunds to ease business compliance.
Topic

The 57th GST Council may remove arrest provisions and introduce 90% automatic refunds to ease business compliance.

Finance Minister Nirmala Sitharaman announces next phase of GST reforms focusing on simpler compliance, refunds, and input tax credit.

Jefferies predicts a slowdown in non-defence capital expenditure for FY27 due to rising subsidies, energy costs, and fiscal deficit pressures.

Finnish Ambassador Mikko Kivikoski eyes doubling bilateral trade to $6 billion and welcomes more skilled Indian professionals to Finland.

Finance Minister Nirmala Sitharaman says the India-EU trade agreement will boost exports and employment in sectors like textiles and footwear.

PM Modi and Swiss President Guy Parmelin unveil a roadmap for $100 billion investment and 1 million jobs through the India-EFTA partnership.

A new report suggests India's telecom sector may see a 12-15% tariff hike in the next few months, impacting Airtel, Jio, and Vodafone Idea.

Tata Steel CEO T.V. Narendran predicts 7-8% steel consumption growth in India and calls for local supply chain resilience.

NBFCs and housing finance companies expect strong Q2 disbursements and balance-sheet growth, despite potential margin pressures.

Kotak Securities warns that soaring shipping costs could drive physical crude prices to $145 per barrel despite lower screen rates.

The GST Council may soon allow genuine buyers to claim input tax credit even if their suppliers fail to deposit tax, reducing business litigation.

IREF suggests improving rice recovery over capacity to boost millers' earnings. Learn how a 1% shift can add Rs 60 lakh in annual sales.

Venu Srinivasan says India must exceed quality standards of Japan and China to win a larger share of global manufacturing.

Finance Minister Nirmala Sitharaman clarifies that India's Russian oil imports are not stalling trade talks with the European Union.

Finance Minister Nirmala Sitharaman states that India-US trade negotiations have reached a plateau where further concessions may be difficult to achieve.

The 57th GST Council meeting is set to decriminalise offences, expand input tax credit, and automate refunds to ease compliance for honest taxpayers.

A new Visa study reveals that nearly half of Asia Pacific consumers are interested in using stablecoins for everyday spending and cross-border transfers.

The RBI MPC begins a 3-day meeting amid high expectations of a 25 bps repo rate hike to combat rising inflation and crude oil prices.

Indian equity markets snap an 8-day losing streak as Sensex gains over 400 points and Nifty crosses the 22,500 level.

India and Canada launch the fifth round of CEPA talks in Ottawa, targeting $70 billion in bilateral trade through energy and critical mineral cooperation.

Shaktikanta Das reveals government plans to develop domestic rare-earth permanent magnet capacity to secure manufacturing supply chains.

DEA Secretary Anuradha Thakur explains how rising global bond yields impact emerging markets while highlighting India's record FDI inflows.

Erik Berglöf warns that while India has strong growth prospects, prolonged geopolitical shocks and global uncertainty pose significant economic risks.

Professor Juliano Assunção highlights how BRICS can foster economic cooperation and resilience amidst rising geopolitical and climate risks.