The Goods and Services Tax (GST) portal has opened for annual return filing for the financial year 2024-25. With the system now live, taxpayers can begin submitting Form GSTR-9, which captures details of sales, purchases and tax payments made during the year. Larger businesses are also required to file Form GSTR-9C, a reconciliation statement that…
Structural reforms, along with prudent macroeconomic and financial sector policies, have imparted resilience and vibrancy to the Indian economy, allowing it to withstand external shocks, said Shaktikanta Das, principal secretary-2 to the prime minister and former governor of the Reserve Bank of India. He pointed out that amid uncertainty in the global trade landscape, India…
India’s trade agreement with the European Free Trade Association (EFTA) will take effect from October 1, 2025, paving the way for $100 billion in foreign direct investment and the creation of 1 million jobs over the next 15 years, according to the Ministry of Commerce and Industry. The Trade and Economic Partnership Agreement (TEPA), signed…
The government will raise Rs 6.77 lakh crore in the second half of FY 2025-26 through dated securities, including Rs 10,000 crore from Sovereign Green Bonds, the Ministry of Finance said on Friday. The borrowing plan, finalised in consultation with the Reserve Bank of India (RBI), will be executed between October 2025 and March 2026….
Hindustan Copper Ltd (HCL) reported its highest-ever annual revenue and profit after tax (PAT) in FY 2024-25, as the state-owned miner outlined expansion plans and sustainability targets at its 58th Annual General Meeting (AGM) held on Thursday, September 25. Record financial performance The company’s revenue from operations rose 21 per cent year-on-year to Rs 2,070.97…
Finance Minister Nirmala Sitharaman on Wednesday, September 24, launched the Goods and Services Tax Appellate Tribunal (GSTAT), describing it as a landmark step in strengthening India’s indirect tax system. The new body is expected to ease the legal burden on high courts and provide taxpayers with quicker and more predictable resolution of disputes. 31 benches…