India puts GST rate tweaks on hold till it has a grip on inflation

India puts GST rate tweaks on hold till it has a grip on inflation

The goods and services tax (GST) rate rationalisation exercise is likely to be delayed because of inflationary pressure and geopolitical tensions, said a senior finance ministry official as part of comments about the economy, asset sales and the government’s borrowing programme. The Centre has sought a legal view on the divestment of Pawan Hans and … Read more

Past losses of PSUs under strategic divestment can be set off: CBDT

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Past losses of public sector units undergoing strategic divestment can be carried forward for setting off against future profits, the Central Board of Direct Taxes (CBDT) said Friday. The change in income tax law has been made in a bid to make strategic divestment of PSUs more attractive, said experts, since normally such a set-off … Read more