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2024

Новости за 08.08.2024

Insurance comanpies get ₹2,000 crore GST notices

Economictimes.indiatimes.com 

Goods and services tax authorities have sent notices demanding unpaid GST from more than 20 insurance companies, including HDFC Ergo and Star Health. The Directorate of GST Intelligence found these insurers provided services to SEZ employees and their families without paying IGST, leading to ₹2,000 crore in dues. Companies received show-cause notices after their explanations were deemed unsatisfactory.

Mahindra Group companies run into 'brand' tax

Economictimes.indiatimes.com 

Mahindra & Mahindra received a notice from the GST office regarding the use of the 'Mahindra' brand name by group companies, questioning why GST wasn't paid for the service between 2017-23. Tax officials believe GST should apply to the royalty or fees, raising concerns among corporate circles about the implications for numerous business houses.

Stock Radar: Hatsun Agro hits fresh 52-week high after 1-year consolidation; time to buy?

Economictimes.indiatimes.com 

Experts suggested that medium-term traders can consider buying the dairy product stock, with a potential target above ₹1,500 in 4-6 months. It hit a high above ₹1,200 in August 2023 but the rally lost momentum and the stock stayed in a consolidation phase for the next 12 months. Finding support above the 40-month Exponential Moving Average on the monthly charts, the stock bounced back and hit a fresh 52-week high in July, surpassing the ₹1,300 mark. It reached a 52-week high of ₹1,380 on July 16, 2024.


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