The GST Appellate Tribunal has ruled that GST refund is allowed on cancelled air tickets if the fare and taxes are returned to passengers, in a move that could benefit airlines that had to cancel flights due to the Covid-19 pandemic, with Singapore Airlines set to receive a refund of ₹45,92,528
The GST Council is considering sweeping compliance reforms to streamline registration and return filing processes, and provide relief to e-commerce sellers and genuine buyers, including a proposal to prohibit GST demand notices for amounts under Rs 10,000, which account for nearly 20% of total litigation volume
Final decision tomorrow after state talks, impacting economy and trade
The supermarket giant's net profit soared 18% to $1.14bn, while rival Coles experienced a slump in sales due to the popular promotion, with sales rising almost 4% but slowing in July
7.8% growth achieved in Q4 FY26 despite global risks and inflation surge.
