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The CBIC has clarified that businesses receiving post-sale discounts via credit notes without tax adjustments don't need to reverse input tax credit (ITC). This circular aims to reduce uncertainty and disputes regarding post-sale discounts under GST. GST will only apply to promotional activities with separate agreements and defined consideration, providing clarity on ITC entitlement and tax liability. from News-Economic Times https://ift.tt/4ZPVSgr via IFTTT

Donald Trump's tariff policy faces a legal challenge that could impact US finances. Court decision may lead to large refunds. Treasury Secretary Scott Bessent remains confident of a favourable ruling. Economists highlight the importance of tariff revenue in managing the budget deficit. Businesses express concerns over fluctuating duties. from News-Economic Times https://ift.tt/twYiN0C via IFTTT

Union Minister Nitin Gadkari announced that the National Highways Authority of India aims to segregate all solid waste in the country for road construction by 2027. NHAI has already utilized 80 lakh tonnes of municipal solid waste from Delhi and Ahmedabad in road projects. from News-Economic Times https://ift.tt/mQ1Jgwc via IFTTT

PM Modi announced Rs 1200 crore relief for flood-hit Uttarakhand. from News-Economic Times https://ift.tt/Mcf98Nv via IFTTT

Gold has enjoyed a historic surge in 2025, climbing to levels not seen in decades. As of September 10, 2025, spot gold reached $3,653 per ounce, a 39% gain for the year. Some forecasts suggest gold could climb as high as $5,000 if private investors significantly shift assets into the metal. from News-Economic Times https://ift.tt/3kRzpoL via IFTTT

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Sunday will mark the end of the Daylight saving time —days on which in a bid to ramp up some morning hours in their kitty, folks in most parts of the U.S. move back the time—by an hour—and get some extra bit of shuteye. However, being close to the equator, states like Hawaii and most of Arizona give it a skip. The change brings shorter days, longer nights, and earlier sunsets for many Americans this year. from News-Economic Times https://ift.tt/x3jK7bl via IFTTT

Chief Justice John Roberts allowed President Trump to remove an FTC member, signaling a shift from a 90-year precedent protecting independent agencies. Rebecca Slaughter's firing lawsuit continues, challenging Trump's authority to dismiss commissioners without cause. from News-Economic Times https://ift.tt/1rwglhs via IFTTT

The BJP has condemned Congress President Mallikarjun Kharge for allegedly insulting a farmer during an interaction in flood-hit Kalaburagi. Kharge, in a viral video, questioned the farmer's losses, stating his own were greater due to his larger landholding. The BJP spokesperson criticized Kharge, accusing the Congress of disrespecting farmers and seeking publicity. from News-Economic Times https://ift.tt/y0oRIgd via IFTTT

Bitcoin is at a key stage, and traders are watching October for big moves. Some analysts think it could rise, while others warn of a sharp drop. Support and resistance levels are being tested, and market signals show mixed sentiment. Investors are alert as Bitcoin faces possible high volatility and price changes ahead. from News-Economic Times https://ift.tt/PqfAbBH via IFTTT

Are US citizens receiving a stimulus payment from the Trump administration in 2025? Speculations are rife that the US government might provide $1,390 stimulus payment to Americans but IRS has denied these rumours. However, despite no payment from IRS residents of New York and other states can expect deposits for inflation rebates. from News-Economic Times https://ift.tt/Rbmgh3M via IFTTT

President Trump's pick for a short-term Fed post stated he hasn't discussed a longer-term nomination with the White House. This denial came after senators raised concerns about his potential vulnerability to presidential pressure on interest-rate votes due to his continued role as a White House economic advisor. Miran assured he would remain independent. from News-Economic Times https://ift.tt/GLmBeWN via IFTTT

The Allahabad High Court directed the government to adjust SC MBBS students admitted under a contentious 70% quota in specific medical colleges against vacant seats elsewhere. The court stayed a previous order for fresh counselling, acknowledging potential chaos. The state government must submit an affidavit confirming adherence to the statutory 21% SC quota from the next academic session. from News-Economic Times https://ift.tt/HzKIa6n via IFTTT

Diwali arrives early for the Indian middle class. The GST Council reduces tax slabs to 5% and 18%. Food, essentials, and durables become cheaper. Families save money on various products. Personal care items and smaller cars also see tax cuts. Health insurance becomes exempt from GST. The new rates are effective from September 22, 2025. from News-Economic Times https://ift.tt/6rGtuzT via IFTTT

The CBDT has extended income tax exemptions for sovereign wealth and pension funds investing in India's infrastructure until March 31, 2030. This move, formalized after an earlier announcement, aims to attract long-term global capital by exempting these funds from taxes on dividends, interest, and capital gains. from News-Economic Times https://ift.tt/7ltczmP via IFTTT

India has started providing aid to Afghanistan following the devastating earthquake. External Affairs Minister S Jaishankar assured his Afghan counterpart of continued support. India has already delivered 1,000 family tents to Kabul. Fifteen tonnes of food are being transported from Kabul to Kunar. More relief supplies will be sent from India soon. from News-Economic Times https://ift.tt/x4lNFaV via IFTTT

In response to the devastating impact of heavy rainfall, floods, and landslides, the government has formed Inter-Ministerial Central Teams for Himachal Pradesh, Uttarakhand, Punjab, and Jammu and Kashmir to evaluate the damage and relief efforts. from News-Economic Times https://ift.tt/xN7h2FS via IFTTT

Akhilesh Yadav, Samajwadi Party leader, joined the Bihar Opposition's "vote adhikar yatra," urging people to defeat the BJP in the upcoming Assembly election. He endorsed RJD leader Tejashwi Yadav as the alliance's chief ministerial candidate. Yadav criticized the Election Commission's electoral roll revision, accusing the BJP of manipulating the process and promised jobs for youth under Tejashwi's leadership. from News-Economic Times https://ift.tt/r75TqJz via IFTTT

A Mangaluru court has ordered the removal of defamatory content targeting the Dharmasthala temple, its head D Veerendra Heggade, and his family, related to a mass burial case. The ruling follows Supreme Court directions after D Harshendra Kumar, Heggade's brother, filed a defamation suit against individuals allegedly linked to the 'Burude Gang'. from News-Economic Times https://ift.tt/VyF2G4z via IFTTT

At least 18 people, including four children, were killed in the capital, officials from the city administration said. As the sun rose, rescuers dug through a wrecked block on Kyiv's left bank and pulled at least two bodies from the rubble. The strikes damaged the European Union's (EU) mission and British Council offices in the city, officials said. There were no reports of casualties at either site. from News-Economic Times https://ift.tt/WNuVP4F via IFTTT