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LIC, GST notice to company, lic going to court

LIC, GST notice to company, lic going to court, The GST Council has sent a notice to LIC to pay Rs 806 crore as GST and penalty with interest for the state of Maharashtra. Gst notice In this regard, LIC has also stated that A notice has been received from the GST, Directorate of Investigation to pay a total of Rs 806 crore including GST, penalty amount and interest on the same. This is the last GS for Maharashtra State 2017-18. D., and is a notice of penalty. An appeal will be filed on behalf of LIC against this order. Thus reported.  Similarly, the Directorate of GST and Investigation has issued notices for Rs 401.70 crore to food delivery company Zomato and Rs 350 crore to its market rival Swiggy. GST Notice to HUL Co Hindustan Unilever, a leading consumer goods manufacturer, has been sent a GST notice demanding Rs 447.5 crore. GST officials from different zones across the country have issued notices to this consumer goods manufacturing company. 372.82 crores as ta...

business news, employee transfer tcs, notice

business news, employee transfer TCS, notice, Rs. 2000 note announced by RBI, Business news Central government procurement of 25,000 tonnes of onion Consumer Affairs Department Secretary Rohit Kumar Singh said that the government has procured 25,000 tonnes of onions grown in the Kharib season of 2023 as an additional reserve. Ensure greater availability of onion in the domestic market;  He said the government would procure onion to keep its price under control. While the total stock in the last financial year was three lakh tonnes, the government has set the stock target at seven lakh tonnes in the current financial year. It is to be noted that the government has banned the export of onion till March 31. The date of manufacture is mandatory for the new procedure to take effect Consumer Affairs Secretary Rohit Kumar Singh said it has been made mandatory to print the date of manufacture and selling price on packaged goods from New Year's Day. Earlier, companies were ...

Adani Group recovers from slump

The Adani Group raised Rs 1.25 lakh crore through equity and debt last year after the Hindenburg Report came out. Adani group How much debt has Adani repaid On January 24 last year, Hindenburg had stated in its report that the Adani Group had mishandled the market and there were frauds in its accounts. Consequently, the market value of Adani Group companies saw a steep decline. But it quickly recovered from that impact and raised Rs 41,500 crore through equity and Rs 83,500 crore through debt. Adani, which was the world's second richest man at the beginning of last year, lost Rs 5 lakh crore in its assets due to the impact of the Hindenburg report. However, it has now regained much of its lost value. Between March and August last year, famous investor 'G.Q. G. Partners' has acquired stakes worth Rs 36,000 crore in five Adani Group companies. Also, Qatar Investment Agency and Total-Energies have invested Rs 6,400 crore in Adani Green Energy. Apart from this, th...

What to watch out for in the Indian stock market 2024

India's rise in the economic world is offering good opportunities for investors. Once dependent on foreign manufacturing and technology, India is now undergoing transformation and growth with self-reliance.    Indian stock market What to watch out for in the Indian stock market This reflection can also be seen in the stock market. Last year the stock market was generally bullish and hit a peak. While the uptrend is expected to continue, experts are warning that attention needs to be paid to the approach, suggesting they are likely to influence the stock market this year. Key sectors to watch in the Indian stock market on January 1, 2024 are, 1. Green Fuel, Green energy sector in India has huge potential for growth due to increasing emphasis on green fuel and sustainable development internationally.   Investing in sectors like solar power, wind power, electric vehicles will give good returns. 2. Digital transformation, India is already a leader in IT servi...

NIRMALA order to tighten bank norms for borrowers.

Union Finance Minister Nirmala Sitharaman yesterday (December 30, 2023) urged the public sector banks to intensify vigilance against frauds and willful defaulters. Nirmala Sitharaman (finance minister) Key features he said Anti-fraud measures: Banks should improve their anti-fraud systems and promptly identify suspicious transactions and take action against them. Debt Recovery: Banks should focus more on recovery of loans from willful defaulters. Use of technology: Banks should use advanced technology to detect and prevent fraud. Awareness campaign: Banks should conduct awareness campaigns to create awareness among the public about fraud and loan defaults. Also, Nirmala Sitharaman gave the following instructions, Banks should strictly follow their RBI norms. Banks should train their employees on fraud prevention and loan recovery. Banks should maintain transparency in their operations. These measures are expected to help reduce fraud and loan defaults in public sector banks. Startups ...

Business news, Land value in Ayodhya quadrupled.

Land value in Ayodhya has quadrupled, while foreign investment in Gujarat has increased. And let's briefly look at the news including the fine of 4.12 crores for Mahindra. Business news, 4.12 crore fine to 'Mahindra' company Mahindra and Mahindra Company has said that their company has been fined Rs 4.12 crore for reasons related to input tax and education, additional tax credit balance.  The order was issued by the Deputy Commissioner of Audit Division, Induar City, Madhya Pradesh. However, Mahindra has said that it is going to appeal against this order, and that the appellate tribunal will get a favorable verdict and the company's financial position will not be affected due to this order. Rs 25.15 crore compensation case against Wipro officer Wipro has sought damages of Rs 25.15 crore from its former chief financial officer, Jatin Thala. Further, interest of 18 per cent per annum is also claimed till the date of payment. Jatin Dalal has been working at Wipro for ...