Search result for 'import of services'

ADB sharply revises India''s GDP growth forecast upward to 7.2% for FY26, driven by strong domestic consumption and tax cuts.

Brookfield-backed Schloss Bangalore's subsidiary, Tulsi Palace Resort, receives Rs 4.66 crore tax demand notice from Central GST department for alleged tax violations.

IATA, representing global airlines, welcomes the GST Council's decision to exempt import of services by foreign airlines in India, calling it a positive development.

The GST Council has exempted import services by foreign airline companies and will regularize past taxes on an 'as is where is' basis. This decision follows notices issued to airlines for unpaid...

Infosys has been slapped with a Rs 32,403 crore GST demand notice for services availed from overseas branches. The company disputes the demand, arguing GST is not applicable.

CBIC clarifies that ESOPs by foreign companies to employees of Indian subsidiaries won't attract GST unless additional fees are charged. Learn more about the GST implications of ESOPs.

India's merchandise exports increased by 1% to USD 34.99 billion in April, while the trade deficit widened to a four-month high of USD 19.1 billion.

India's services exports dipped 1.3% to USD 30 billion in March, while imports fell by 2.1%. The trade surplus stood at USD 13.4 billion, according to RBI data.

India's GST collections surged 10% to Rs 1.64 lakh crore in December, reflecting robust economic growth. Read more about the December 2023 GST revenue figures and their implications.

India's GST collections jumped 15% to Rs 1.68 lakh crore in November, driven by increased domestic activity and festive season spending. This marks the highest monthly collection year-on-year in...

India's services exports declined by 2.7% to USD 28.42 billion in September, while imports fell by 10.3%, the Reserve Bank said.