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Now Donuts to Be Afflicted by 'GSTitis,' Says Congress

March 16, 2025

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Financial Express Chennai

The Congress on Saturday took a swipe at the government over its implementation of differential GST rates, saying that after popcorn, it is now the turn of donuts to get afflicted by "GSTitis."

- PRESS TRUST OF INDIA

Congress general secretary in-charge communications Jairam Ramesh cited a media report on X which stated that Singapore-based chain Mad Over Donuts is facing a ₹100 crore tax notice for allegedly misclassifying its business and paying 5% GST, claiming it is a restaurant service, as opposed to paying 18% tax on bakery items.

المزيد من القصص من Financial Express Chennai

Financial Express Chennai

Clear dues for barrier-free tolling system: MORTH

IN A RUN-UP to a barrier-free tolling system, the government has amended rules to make it mandatory for vehicle owners to clear all toll plaza dues before selling their vehicle or obtaining a fitness certificate.

time to read

1 min

January 21, 2026

Financial Express Chennai

Markets log worst day in 8 months on weak earnings

INVESTOR WEALTH ERODES ALMOST ₹10 LAKH CRORE

time to read

1 min

January 21, 2026

Financial Express Chennai

On cusp of historic India deal: Ursula

GIVES US FIRST MOVERADVANTAGEWITH FASTEST GROWING ECONOMY: VON DER LEYEN

time to read

1 mins

January 21, 2026

Financial Express Chennai

Lavrov lauds ties with India, China

RUSSIAN FOREIGN MINISTER Sergey Lavrov on Tuesday lauded Moscow’s bilateral ties with Delhi and Beijing and called for reactivating the Russia-India-China (RIC) trialogue, asserting that multipolarity is “here to stay”.

time to read

1 min

January 21, 2026

Financial Express Chennai

Rethink amid fragmented supply chains

The prevailing ad-hoc tariff-centric responses to geopolitical volatility are insufficient to guarantee sustained economic security and domestic resilience

time to read

3 mins

January 21, 2026

Financial Express Chennai

New steel scrap policy in the works

THE GOVERNMENT IS finalising a national steel scrap recycling policy, replacing the existing 2019 guidelines, to align it with changing dynamics of the industry arising out of domestic compulsions and commitments, and emerging international developments.

time to read

1 min

January 21, 2026

Financial Express Chennai

PNB sees NIM recovering from Sept qtr

PUNJAB NATIONAL BANK (PNB) expects to sustain quarterly net profit of above ₹5,000 crore despite near-term pressure on margins and higher credit costs, Executive Director Bibhu Prasad Mahapatra told FE in an interview.

time to read

2 mins

January 21, 2026

Financial Express Chennai

Recalibrating market vigour

DERIVATIVES BOOM HAS SHOWN INDIA'S MARKET POTENTIAL, THE REFORMS AHEAD WILL DEFINE ITS PURPOSE

time to read

4 mins

January 21, 2026

Financial Express Chennai

Embassy enters Mumbai realty mkt

LUXURY FORAY

time to read

2 mins

January 21, 2026

Financial Express Chennai

NHAI looks to prepay ₹35,000-cr debt this fiscal

THE NATIONAL HIGHWAYS Authority of India (NHAI) is planning to retire more than ₹35,000-crore debt before maturity in the current financial year, a plan which will bring down its outstanding liabilities below ₹2 lakh crore.

time to read

1 min

January 21, 2026

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