The government is working on easing the 'related party transaction’ clause under the Goods and Services Tax, for foreign companies in India. This is likely to happen within 100 days after the elections, which will exempt airlines and shipping lines from paying GST at the time of import of services, but which they can pay at the time of disbursal of services, a senior government official said.
Open FlipAfter failing to attract buyers in its previous tender, the Yamuna Expressway Industrial Development Authority (YEIDA) has reintroduced its group housing scheme and put on sale six plots in sector 22D along the Yamuna Expressway near Noida International Airport. According to officials, the authority is looking at a revenue of at least Rs 450 crore from the allotment of these group housing plots
Open FlipIndia’s telecom companies, Vodafone Idea, Bharti Airtel and Reliance Jio are likely to benefit from expected tariff hikes in the next three years and chances of a reduction in Adjusted Gross Revenue liability, analysts at IIFL Securities said. The debt-laden Vodafone Idea has launched its Follow-on Public Offer (FPO) to raise ₹18,000 crore from the primary market.
Open Flip