Companies may get a relief on transition of cess/tax credit following a Bombay High Court ruling
When a company pays indirect tax it collects what is known as tax credit. Tax credit can be used to set off part of future tax liabilities. When India moved to Goods and Services Tax (GST) several companies were left with a situation where they had crores sitting on their books in the form of tax credit.
Second half of the year to see broad-based recovery: Sundaram FinanceThe disbursements of Sundaram Home Finance were up by 136 % to Rs 891 crore during the six-month period ending September 30, 2021 while the profit for the half year period ending September 30, 2021 was at Rs 80 crore as against Rs 99 crore during corresponding period of last year.
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