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The way you've been buying insurance could change this Budget

The govt may raise the FDI limit in insurance to 74% in the February budget, up from the present 49%.

input tax credit

Dec 10, 2019, 08.57 AM IST

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INPUT TAX CREDIT

Purchase without bill may be big GST leakage source

B2C sales have been the key source of leakage of GST as consumers are often cajoled into paying in cash without taking a bill. The issue was discussed in detail at the first national GST conference, which was attended by senior officers from across the country, with officials suggesting that a check on this channel of leakage could bolster revenue by 15-20%.

Hardcastle wants higher GST & input tax credit

The move could have a huge implication for the country’s restaurant sector Restaurants across ...

Banks can’t claim tax relief on FD insurance

Reversal of credit would lead to an increase in cost by anywhere between Rs 200 to Rs 500 crore ...

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