Tuesday, September 01
Bajaj Auto on Tuesday said it has received a tax demand of Rs 34.74 crore on account of the alleged misclassification of spare parts supplied by it. The order issued by the office of Deputy Commissioner, Rudrapur, Uttarakhand, also imposed a penalty amounting to Rs 3.47 crore, the Pune-based firm said in a regulatory filing. According to tax authorities, the company, being a manufacturer of automobiles, the spare parts being a customised product, only used in the manufacturing of vehicles, would get classified as auto parts, disregarding the principle of general rules of interpretation, the company said. Bajaj Auto believes that it has a very strong case on merit as it has been rightly classifying the parts and accessories for more than three decades, following the General Rules of Interpr
The Central government is expected to meet its fiscal deficit target for FY26 by cutting back on capital expenditure to offset potential shortfalls in income tax and GST collections, according to a report by Goldman Sachs.The report highlighted that central government capex contracted sharply in October, declining by around 28 per cent year-on-year. This fall was mainly due to lower capex transfers to states, even as defence capex continued to remain strong. It stated, "We continue to expect the central government to meet its fiscal deficit target of 4.4 per cent of GDP for FY26 by reducing expenditure (likely capex), to offset potential income tax and GST shortfalls". In contrast, current expenditure rose sequentially because of higher interest payments, though it stayed lower compared wi
As always the Indian Premier League (IPL) has set the sporting world ablaze with the massive attraction it has, not just among the fans but also the players.At the 2026 mini-auction, as many as 1,355 players have registered for the December 16 event in Abu Dhabi, according to a Cricbuzz report. The list includes 1,062 Indian players, with Mayank Agarwal, KS Bharat, Rahul Chahar, Ravi Bishnoi, Akash Deep, Deepak Hooda, Venkatesh Iyer, Sarfaraz Khan, Prithvi Shaw and Umesh Yadav among the top names.Also Read: Faf du Plessis pulls out of 2026 auction after 14 seasons, switches from IPL to PSLCricbuzz reports that the 13-page sheet includes 293 overseas players, with leading names from: England, Australia, South Africa, Afghanistan, New Zealand, Sri Lanka and West IndiesSome of the top oversea
