An upgraded Customs duty payments system was launched by the Central Board of Indirect Taxes and Customs (CBIC) on April 1.
While borrowers and businesses may be entitled to relief from the pandemic, it should not be at the cost of the banking system
The cost of the interest-on-interest waiver will be far less than a total interest rate waiver. But this burden will ultimately fall on the taxpayer.
A bench comprising of Justices Ashok Bhushan, R Subhash Reddy and MR Shah had deferred the matter of interest waiver during the last hearing on December 9
SC hearing on Loan Moratorium LIVE Updates: The three judge bench comprising of Justices Ashok Bhushan, R. Subhash Reddy & MR Shah is hearing the loan moratorium and interest waiver case
The prolonged uncertainty and confusion on the interest-waiver issue has come to an end with the Centre agreeing to compensate banks and the RBI notifying the scheme.
An end to the interest waiver case will remove uncertainty over bank earnings
Who is eligible to avail the compound interest waiver scheme?
A three-judge bench asked Solicitor General Tushar Mehta what the Centre has done for the implementation of its notification for giving relief to borrowers.
In this episode, Moneycontrol's Sakshi Batra does a 3-Point Analysis on the interest waiver row.
The finance ministry has sent back a response to Vodafone in the tax tussle case thereby kicking off official talks on the tax dispute. A meeting is expected shortly between the revenue secretary and Central Board of Direct Taxes (CBDT) chair person with Vodafone executives and the interest waiver is likely to be the clincher in the resolution.