India Business News: The Madras high court has held that the GST council's role, particularly in product classification, is only recommendatory. In Parle Agro's case, the
This decision is significant as it provides support to taxpayers facing GST demands solely based on council discussions or clarificatory circulars. However, the court highlighted that the government retains the authority to make changes, including adjustments to GST rates, through legal amendments or notifications.
FPI remittances come under taxman's lens - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Capital Gains Breather For Mauritius-Based Funds menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.