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GST Council Defers Two ITC Proposals, Discusses UPI MDR Rate Cut

The GST Council deferred two key input tax credit (ITC) proposals: changes to Section 16(2) regarding tax payment by suppliers and allowing ITC on motor vehicles under Section 17(5). The Section 16(2) amendment was sent to a Group of Ministers due to concerns about fake billing and tax payment verification. The Council also discussed reducing the GST rate on Merchant Discount Rate (MDR) for UPI transactions amid state concerns over the current 18% levy.

NDTV Business·

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Business

US Suspends Green Card Program for Major IT Firms Including Microsoft, Infosys, TCS

The US government has suspended the PERM program, which is part of the green card process, for major IT companies including Microsoft, Infosys, Tata, Wipro, and others. The suspension follows allegations that these companies misused the H-1B work visa system. Investigations are ongoing. This move impacts many Indian IT professionals working in the US, as these firms have significant operations and workforce there.

News18Hi Business·

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Technology

Amazon Great Indian Festival 2026 Offers Discounts on MacBook Neo, MacBook Air M5, Mac...

During the Amazon Great Indian Festival 2026, Apple MacBooks are available at significant discounts. The MacBook Neo is discounted by over 14%, with an effective price around ₹65,451 after offers. The MacBook Air M5 15-inch variant with 512GB storage is priced at ₹1,66,990, down 7% from ₹1,79,900. The sale also includes discounts on the Mac mini M6, making it a good time to buy Apple laptops.

HT Tech·

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Politics

Delhi Metro Highlights India-Japan Partnership: Lt-Governor Sandhu

Delhi Lieutenant Governor Taranjit Singh Sandhu praised the Delhi Metro as a prime example of the deep India-Japan partnership. Speaking at the NDTV Indo-Japan Summit, he highlighted Japan's role through JICA in financing and technical cooperation since the Metro's early stages. Sandhu emphasized sustainable development and integrated growth to address Delhi's challenges like mobility, air quality, and climate change.

NDTV World··Delhi

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Politics

Security Forces Arrest LeT Associates, Seize Arms in Kashmir

Security forces intensified counter-terror operations in Kashmir, arresting five LeT associates in Kulgam and uncovering a terrorist hideout in Handwara. A large cache of arms and ammunition was recovered during the raids, delivering significant blows to the terror network operating in the region.

Zee News Hindi·

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Technology

HCLTech Launches AI Solutions for Multiple Industries

HCLTech has introduced a range of AI solutions tailored for various industries including banking, healthcare, life sciences, aerospace, retail, telecom, mobility, energy, and manufacturing. These solutions integrate deep domain expertise with AI capabilities to address high-value, industry-specific use cases, aiming to enhance operational efficiency and innovation across sectors.

Hindu Business·

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