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IOC Q2 profit soars on big inventory gains
SME Times News Bureau | 30 Oct, 2020
Country's largest public sector refiner Indian Oil Corporation on Friday reported an over 11 times jump in its second quarter net profit to Rs 6,227 crore due to higher inventory gain and exchange gains.
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100% vehicle tax waiver till Dec 31 for Punjab bus operators
SME Times News Bureau | 30 Oct, 2020 |
| In a major relief to bus operators in Punjab, Chief Minister Amarinder Singh on Friday ordered 100 per cent waiver on motor vehicle tax till December 31 for all stage carriage, mini and school buses, while deferring payment of arrears of taxes without interest and penalty till March 31, 2021.
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Delhi man held on charge of forging Rs 392-cr input tax credit
SME Times News Bureau | 30 Oct, 2020 |
| A Delhi resident was arrested by a team of Directorate General of GST Intelligence's (DGGI) Gurugram Zonal Unit on charges of creating and operating fictitious firms on forged documents and passing fake input tax credit totalling over Rs 392 crore through issuance of invoices without actual receipts/supply of goods or services. |
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Fresh identification of PSUs gives momentum to govt's sell-off plan
SME Times News Bureau | 30 Oct, 2020 |
| The government proposes to start afresh the process to firm up the list of companies for strategic sale and disinvestment as changed market dynamics post the Covid-19 outbreak and the need for distinguishing between strategic and non-strategic sectors have completely changed the gameplan for sell-offs. |
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