The Supreme Court will examine whether GST applies when companies pay municipal bodies for restoring roads after utility work. It comes after a Gujarat High Court ruled these reimbursements are not taxable services. Now the apex court has asked Torrent Power to respond to a GST department appeal challenging that interpretation.
Torrent Power is preparing what could be its biggest corporate debt issuance yet, with its first acquisition funded bond sale of the current financial year. Merchant bankers told Reuters the company aims to raise capital specifically to bankroll a coal-related acquisition, signaling a more aggressive funding push via the bond market to support deal execution.
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