The Federation of Hotel & Restaurant Associations of India FHRAI has urged the GST Council to restore Input Tax Credit ITC for hotels following its withdrawal for room tariffs…
17/09/20251 min read
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The Federation of Hotel & Restaurant Associations of India FHRAI has urged the GST Council to restore Input Tax Credit ITC for hotels following its withdrawal for room tariffs…
The Federation of Hotel & Restaurant Associations of India FHRAI has appealed to the GST Council to reconsider its recent decision to withdraw Input Tax Credit ITC on hotel room…
Effective September 22, 2025, individual life and health insurance premiums are exempted from 18% GST, marking a key tax reform aimed at increasing insurance affordability.…
The government is considering replacing traditional transit passes with a GST-based invoicing system for the transportation of minerals to reduce revenue leakage and curb illegal…
Despite the GST Council exempting individual health and life insurance premiums from GST effective September 22, 2025, the insurance industry faces criticism for premium hikes by…
The Ministry of Finance is examining the possibility of imposing a uniform GST rate on micronutrient fertilisers currently subjected to varying GST rates ranging from 5% to 12%.…
The National Pharmaceutical Pricing Authority NPPA has fixed the retail prices of 38 essential combination drugs listed under Schedule-I of the Drugs Prices Control Order, 2013.…
Between September 6-11, 2025, Indian startups raised significant funding across diverse sectors like electronics manufacturing, renewable energy, commercial interiors, hospitality…
MobiKwik, a prominent Indian digital wallet and payments platform, fell victim to a Rs 40 crore fraud involving unauthorized transactions from users in Haryana. Investigations…
Groww filed a revised Draft Red Herring Prospectus DRHP for its highly anticipated initial public offering targeting Rs 7,000 crore. The revised document highlights strong…
Urban Company, India’s leading home services startup, made a strong stock market debut by listing at a 58% premium over its issue price on the NSE in its 2025 IPO. The company…
EcSoul Home, a sustainable home solutions startup, has successfully raised $20 million through a mix of equity funding and debt financing to fuel its expansion plans. The funding…
Groww’s co-founders collectively earned over Rs 700 crore through a combination of one-time incentives and secondary share sales ahead of the company’s Rs 7,000 crore IPO in 2025.…
Rebel Foods, a leading cloud kitchen unicorn, recently raised Rs 150 crore approximately $17 million in debt funding from its existing investors Alteria Capital and InnoVen…
CRED, PhonePe, and Paytm have suspended rent payments using credit cards on their platforms following the Reserve Bank of India's RBI recent master directions on payment…
Lucira, a lab-grown diamond startup, raised $5.5 million to expand its omnichannel retail presence in India and globally. The company specializes in sustainable, ethically sourced…
Asset management company Singularity AMC successfully closed its Fund II at INR 2,000 crore, demonstrating strong investor confidence in alternative investment strategies. The…
Paytm relaunched its Buy Now, Pay Later BNPL service as a credit line integrated with UPI, offering users instant financing for purchases across merchants. The relaunch emphasizes…
The Indian government directed cryptocurrency exchanges to perform comprehensive cybersecurity audits to ensure secure operations, protect consumer funds, and mitigate fraud…
Amazon Seller Services reported an 89% reduction in losses for FY25, alongside revenues exceeding INR 30,000 crore, highlighting operational efficiency improvements and scale…
Zomato entered a strategic partnership with MakeMyTrip to expand its food delivery services on trains, enhancing passenger convenience across India. Under this collaboration,…
Authentication platform Scalekit raised $5.5 million in funding to strengthen its security infrastructure for AI-driven applications. The capital will be utilized to expand…
Meta formerly Facebook contested the Competition Commission of India’s CCI allegations of market abuse, arguing that CCI failed to provide concrete evidence demonstrating…
EvoluteIQ, an enterprise technology startup, announced plans to expand its operations in India with a focus on Global Capability Centers GCCs . The company provides AI-driven…
Gameskraft, a gaming technology company, accused its former Chief Financial Officer of misappropriating company funds. The company claims the ex-CFO orchestrated unauthorized…
Groww, an online investment platform, launched a significant IPO targeting ₹7,000 crore, reflecting the company’s ambition to consolidate its presence in India’s retail investment…
Urban Company, a leading home and personal services platform, saw a strong debut on the stock exchanges, with shares listing at a 56% premium over the issue price. The listing…
The Supreme Court upheld the Kerala High Court ruling allowing a hotel to pay sales tax under regular provisions instead of the compounded basis. The hotel had opted for standard…
Eco-friendly homeware startup Ecosoul has raised $20 million in its latest funding round to expand its sustainable product line. The company offers eco-friendly alternatives to…
The Telangana High Court granted pre-arrest bail to a driver accused of fraudulent generation of GST E-Way bills. The accused allegedly generated multiple fake bills to facilitate…
Mumbai Customs has approached the Supreme Court seeking clarity on import duty disputes involving Reliance and Cisco IP phones. The issue revolves around classification of…
A CBI court sentenced a former Excise Inspector to five years of rigorous imprisonment for involvement in a ₹32 crore duty evasion case. The accused facilitated illegal exemption…
Fintech startup FinBox has raised $40 million to expand its B2B credit infrastructure platform, enabling seamless access to credit for small and medium-sized enterprises SMEs .…
The Karnataka High Court held that the service of Goods and Services Tax GST notices or orders without a signature is invalid, and thus cannot be considered legally served. The…
The Reserve Bank of India RBI has issued a comprehensive Master Direction to regulate payment aggregators PAs , aiming to enhance the security and efficiency of digital payment…
The Ministry of Finance has issued three new customs notifications aimed at revising duty rates and expanding exemptions for the defense sector. These changes are part of the…
The Karnataka High Court has annulled the election of Congress MLA KY Nanje Gowda from the Malur constituency in the 2023 assembly elections. The court's decision followed an…
Reliance Industries Ltd RIL and Meta have entered into a joint venture valued at approximately ₹855 crore around $100 million to develop and scale artificial intelligence AI…
Digital wallet platform MobiKwik reported a loss of ₹40 crore due to fraudulent transactions, of which ₹14 crore has been successfully recovered. The fraud involved unauthorized…
The Supreme Court of India, in the suo motu matter concerning filling up vacancies in State Pollution Control Boards and Committees Punjab, Haryana, Uttar Pradesh, Rajasthan ,…
In Ramesh Swaminath Singh v. SRA & Ors., the Bombay High Court raised fundamental questions about the legality of treating private land as "slum" simply due to its proximity to an…
The Gujarat High Court held former cricketer and Member of Parliament Yusuf Pathan liable for encroaching on government land in Vadodara. The dispute arose over a plot adjacent to…
In a recent lecture delivered at the KM Bashir Memorial Lecture in Thiruvananthapuram, former Supreme Court Justice Rohinton Fali Nariman critiqued judges who attribute their…
The Bombay High Court upheld the Income Tax Department’s reassessment beyond three years, finding that the taxpayer claimed bogus royalty payments exceeding ₹50 lakh without valid…
At a discussion during the Delhi Arbitration Weekend, Supreme Court Justice Satish Chandra Sharma sounded an alarm about how Public Sector Undertakings PSUs are especially…
The Gujarat High Court reinstated a Bank of India employee who had been compulsorily retired in 2002 over misconduct involving assault and threatening behaviour in a “heated…
In this case, ex-IPS officer Amitabh Thakur filed a writ petition challenging certain provisions of the Uttar Pradesh Lokayukta and Up-Lokayuktas Act, 1975. The challenge is to…
The Rajasthan High Court addressed a petition challenging the Appellate Authority’s rejection of an appeal filed under Section 107 1 of the Rajasthan GST Act, 2017. The core issue…
The Patna High Court ordered removal of an AI-generated video disseminated by Bihar Congress that portrayed the mother of Prime Minister Narendra Modi in an allegedly derogatory…
The Bombay High Court granted interim protection to industrialist Anil Ambani, restraining coercive actions including arrest or attachment of property in ongoing financial…
The Federation of Hotel & Restaurant Associations of India FHRAI has urged the GST Council to restore Input Tax Credit ITC for hotels following its withdrawal for room tariffs…
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