Upon appeal, the AAAR upheld GAAR’s ruling, rejecting Riddhi Enterprise’s argument. The ruling referenced previous cases, ...

Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

The air cargo industry looks set to face demand pressure this year as US tariffs on China, Mexico and Canada could disrupt ...

Previous expulsions of migrant laborers have proven economically harmful—even for the people the policies were supposed to ...

Trump’s tariffs apply to about 40 per cent of US imports (excluding Mexico, the share is about one-quarter). But while the scope of the new duties is broad, the US is not a very open economy: in 2024, ...

The government has stated that no Goods and Services Tax (GST) is required to be paid on penal charges on loans levied by RBI ...

Canada’s prime minister, Justin Trudeau, is planning to respond to the tariffs Saturday evening, according to two senior ...

India Inc anticipates simplified tax laws, reduced litigation, and progressive policies in Budget 2025, with the pharmaceutical and healthcare sectors expected to remain key focus areas for growth.

Economic forecasts predict that these tariffs could lead to increased consumer costs and widespread economic repercussions, affecting industries such as automotive and agriculture.

Tariffs make foreign goods pricier to protect local industries, but aggressive policies can have negative effects.

The delay to tariffs with Canada & Mexico is a sign they may be averted, but the uncertainty means a volatile ride for ...

The Government of India is working on the Jan Vishwas 2.0 bill to bring further changes to the country’s business laws. The Department for Promotion of Industry and Internal Trade (DPIIT) is ...