The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent show-cause notices to a number of mutual fund (MF) companies in recent weeks, seeking to recover a tidy sum from them as goods and service tax (GST) on exit-load charges. According to an official source, the amount being sought to be recovered from the MF firms could be over Rs 150 crore.
RBI not likely to cut interest rates soon; how this delay can impact bond investors, what they should do
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