Starting from the fiscal year 2025, the government will introduce a regulation mandating that payments to micro, small, and medium enterprises (MSMEs) must be settled within a 45-day period. Failure to comply will result in companies facing taxation on the outstanding amount, as revealed by...
Finance Ministry has reportedly refused to act on insurers plea seeking for relief in the penal action the industry is facing penal action for violation from tax authorities for Goods and Services Tax (GST) input tax credit violations, The Economic Times reported an official.
The Finance...
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