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The Economic Times
The Economic Times GST leviable on AAI-Adani concessionaire pact for Thiruvananthapuram airport: Kerala AAR
The Kerala AAR ruled that the concessionaire agreement between AAI and Adani Thiruvananthapuram International Airport Ltd is a supply of services, making it liable to GST. This contradicts rulings by other state authorities that deemed similar airport transfers as "going concern" exempt from GST, highlighting inconsistencies in applying GST law across India.
The Economic Times Tax appeals pending, recovery halted
The Gujarat High Court has stopped the Income Tax department from collecting outstanding dues from five companies while their appeals are pending. The court criticized the department's lack of progress in addressing the backlog of over 5 lakh appeals under the faceless appeal system, highlighting the need for a concrete plan to resolve the issue.
The Economic Times Govt may raise EPFO wage ceiling and lower employee threshold for enhanced social security for workers
The Indian government is considering raising the wage ceiling for the Employees' Provident Fund Organisation (EPFO) to ₹21,000 and lowering the employee count threshold for mandatory enrollment from 20 to 10-15. These measures aim to expand social security coverage for workers, aligning with the upcoming Social Security Code.
The Economic Times Govt takes second shot at hardselling EV policy
The Indian government is organizing a workshop to encourage companies to import premium electric cars at reduced tariffs. The scheme, launched last year, has seen limited interest so far. The workshop aims to gather feedback and clarify the scheme's rules, potentially attracting companies like Tesla to invest in India's electric vehicle market.
The Economic Times What’s cooking at Swiggy, Zomato? new business recipes
The gambit by the two fierce competitors—which have battled each other for over a decade—comes even as they take on the might of ecommerce leaders like Walmart-owned Flipkart and Amazon alongside upstarts such as Zepto, in the red-hot quick commerce arena.
The Economic Times New process to pay tax demand under GST amnesty scheme clarified by GSTN
GST amnesty scheme: If you want to apply for Goods and Services Tax (GST) amnesty scheme waiver of interest and penalty then you need to follow this new process clarified by Goods and Service Tax Network (GSTN). "It is informed that Form GST SPL-01 and Form GST SPL-02 are under development and the same will be made available on the common portal tentatively from the first week of January 2025," said GSTN.
The Economic Times China poised to approve more help for ailing economy
China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting eyeing on the possibility of intensified trade tensions with US president-elect Donald Trump. "In our view, the odds for a larger policy support package will rise somewhat with a Trump victory," he added.
The Economic Times Apple Inc sets up first subsidiary in India for R&D
Apple established a new subsidiary in India, Apple Operations India, marking its first direct presence in the country. This subsidiary will focus on research, design, testing, and providing support to third-party manufacturers. This move signifies Apple's commitment to expanding its operational footprint in India beyond assembly and sales.
The Economic Times GDP likely to grow 6.2 pc in Q2: Barclays
India's economic growth is projected to slow to 6.2% in the second quarter of 2024-25, due to a high base effect and heavy rainfall, as per Barclays' estimates. While government spending and rural consumption are picking up, urban demand and private investment remain weak. Barclays has revised its GDP forecast for 2024-25 to 6.8% from 7% earlier, expecting a recovery in the second half of the year.
The Economic Times Amnesty Scheme for Customs, easier tax compliance on India Inc's Budget wishlist
Indian industry bodies have submitted their wishlist for the upcoming budget, calling for an amnesty scheme for customs, tax cuts for individuals and LLPs, and streamlined tax compliance processes. They also urged the government to expedite faceless appeals, establish a dedicated dispute resolution system, and boost infrastructure spending.
The Economic Times Q2 results: About 44% of companies miss PAT expectations; Urban demand slows across sectors
The Q2FY25 earnings season has raised investor concerns, with 44% of companies missing Profit After Tax (PAT) expectations, reflecting slowing urban demand and rising costs across key sectors like FMCG, retail, and banking.
The Economic Times Metropolis Healthcare appoints Aditya Shinde as Interim CFO
This move follows the resignation of Rakesh Agarwal, the former CFO, who stepped down in October after a five-year tenure. Shinde will serve in the role until a permanent CFO is appointed.
The Economic Times Jeevan Scientific Technology CFO Jeevan Krishna Kuchipudi resigns, G Siva Nageswara Rao takes over
In light of Jeevan Krishna Kuchipudi's resignation, G Siva Nageswara Rao has been appointed as the new Chief Financial Officer, also effective November 8, 2024.
The Economic Times Alfred Herbert India CFO Sobhana Sethi resigns
Sethi joined the company in 2016 and relinquished the position after serving for more than 8 years. Given the resignation of Sobhana Sethi, Ananda Bhattacharyya has been appointed as the Company Secretary and Chief Financial Officer of the company.
The Economic Times Keerthi Industries CFO Y Sadasiva Rao resigns
Rao stepped down from his position in order to pursue other career opportunities, as stated by the company in a regulatory filing to BSE. He relinquished his position after serving the company for 22 years.
