Filing of GST returns will become time-barred after three years from the original due date starting with the July 2025 tax period.

India has received a significant vote of confidence from leading Italian companies during Union Commerce and Industry Minister Piyush Goyal’s visit to Italy.

The RBI has decided to cut the repo rate by 50 basis points to 5.5 per cent from 6 per cent earlier. This is the third consecutive repo rate cut.

The Indian equity benchmark indices Sensex and Nifty closed higher on Friday, after the RBI announced a 50 basis point repo rate cut.

The domestic share market indices traded positive on Thursday, buoyed by optimism ahead of the RBI’s monetary policy decision.

India’s manufacturing sector lost some momentum in May, with output growth easing to a three-month low amid weakening demand conditions.