AgenciesRelated
The demand relates to GST on salvage and ineligible tax credit for motor insurance claims, as reported in a stock exchange notification. As a response, ICICI Lombard has deposited Rs 104 crore, under protest, without admitting any liability in this matter. This deposited amount has been disclosed in the company’s financial statements for FY23, under contingent liability.
The matter primarily revolves around a widespread concern about whether GST should be applied to salvage adjusted and ineligible input tax credits for motor claims that have been settled within the industry.
Wednesday, 09 Aug, 2023- Front Page
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IT Hardware Cos: Defer Curbs by 9-12 MonthsApple, Dell, HP, Acer and others have sought an extension of nine months to a year of the deadline for licences required for import of laptops, tablets, all-in-one-personal computers and other items, people familiar with the matter said.
I’ve Endeavoured to Make L&T a National AssetA M Naik, one of India Inc’s longest-serving corporate chieftains, has helmed Larsen & Toubro’s transformative journey over the decades. He will step down as non-executive chairman on September 30, marking the end of an era at India’s largest engineering services conglomerate. In an interview with Deborshi Chaki, Naik laid down the road ahead and key milestones achieved so far.
Adani Group Weighs Stake Sale in FMCG Joint Venture with WilmarThe Adani Group is in early stages of exploring a stake sale in its fast-moving consumer goods (FMCG) joint venture Adani Wilmar Ltd, said sources aware of the development.
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