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US tariff war, Russian oil, and India’s balancing act
The ongoing tariff war and India’s purchase of Russian oil highlight global trade complexities, sanctions, and shifting alliances. In this article, R Jayaraman analyses how these dynamics impact India, the US, and global markets.Read more
GST Council slashes rates, eases burden on Indian industries
The GST Council has announced sweeping reforms, cutting rates on food, medicines, insurance, essentials, and industry goods, while simplifying the tax structure to benefit citizens and businesses.Read more
IMS and its significance
With the implementation of the IMS, changes in GSTR-3B format can be expected. Read more
Hengst: Filtration on the Move
Under the motto "Filtration on the Move", Hengst presented innovative products for liquid and air filtration as well as a world first: a completely CO2 -neutral filter at the IAA Transportation 2024, HannoverRead more
GST Council introduces Reverse Charge Mechanism on metal scraps
Typically the seller charges the buyer for GST, but under the newly introduced RCM provision, the buyer will be responsible for paying the tax directly to the government. Read more
Reconciliations under the GST
Reconciliation under the GST is a critical activity that ensures the accuracy of the tax amounts credited or debited in the accounts of businesses.Read more
GOI to implement equal 5% GST on all aircraft and engine parts to boost industry
The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.Read more
Hengst Filtration opens filtration plant in Bengaluru
Spanning across 36,000 sq ft, the Yelahanka facility will manufacture a diverse range of products across multiple verticals, exemplifying the German firm’s long-term growth strategy for India, says Karthik MuthuveeranRead more
Induction furnace owners seek GST protection amid complex SC challenges
Represented by the All India Induction Furnaces Association (AIIFA), the owners highlighted that locally sold scrap often lacks the necessary GST framework requirements or compliance, making it challenging to claim input tax credits.Read more
GST reporting window extended to 30 Days for over Rs 100 cr turnover firms
GST assesses will now have an extended period of up to 30 days to report their invoices on the e-invoice portal. These new regulations will take effect starting from November 1.Read more