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An official report covers the unfortunate death of Navjot Singh, Deputy Secretary in the Finance Ministry, caused by a BMW car crash. The coverage touches upon road safety…
This article highlights that buyers spending over ₹10 lakh on cars should be aware of an additional 1% Tax Collected at Source TCS charged by sellers, which is often overlooked.…
The Supreme Court suggested establishing fully automated control rooms in police stations nationwide to monitor and detect non-functional CCTV cameras. The bench underscored CCTV…
1. The Central Board of Indirect Taxes and Customs CBIC has clarified the Goods and Services Tax GST treatment of post-sale discounts provided by manufacturers to dealers to…
Recent reductions in GST rates for various automobile and consumer durable goods categories have generated positive market sentiment, signaling potential boosts in demand and…
The Enforcement Directorate ED has uncovered a large-scale fake Input Tax Credit ITC scam involving multi-crore fraudulent claims by several multinational corporations MNCs . The…
The CBIC issued detailed clarifications regarding the Goods and Services Tax GST treatment of post-sale discounts offered by manufacturers to dealers. The circular affirmed that…
During a consultative meeting with CBIC, representatives of the fertiliser and tractor industries underscored a variety of GST-related transition challenges affecting their…
The Supreme Court closed the case against Vantara, a Gujarat-based animal rescue and rehabilitation centre initiated by Reliance Foundation. An SIT appointed by the Court, led by…
The Madhya Pradesh High Court, in response to a PIL, examined the poor flight connectivity to Jabalpur, which is hampering local commerce, tourism, and citizen convenience. The…
In its decision on September 15, 2025, the Supreme Court addressed challenges to Section 3D of the Waqf Amendment Act, 2025, which bars the declaration of ASI-protected monuments…
The Central Board of Indirect Taxes and Customs CBIC has notified the Customs Finalisation of Provisional Assessment Regulations, 2025, superseding the earlier 2018 rules with…
CBIC’s clarification reiterates that GST laws require manufacturers to adjust the transaction value upon granting post-sale discounts to dealers, impacting the tax payable. The…
InCred Holdings is gearing up for a major IPO with a total issue size estimated between $460 million and $560 million, with a fresh share issuance targeted at raising Rs 1,500…
CRED launched a new gold-tier RuPay credit card in partnership with IndusInd Bank. The card, integrated into CRED’s super app, offers exclusive rewards and benefits targeting…
The article discusses the shutdown of Hike, an Indian instant messaging and social app company, noting changing consumer preferences and intense market competition in smart…
Info Edge, a major Indian online classified ads company, engaged an external law firm to investigate whistleblower allegations concerning improper disclosures and governance in…
The Indian government announced plans to offer tax exemptions on data centers across the country for 20 years to promote investments in digital infrastructure. This incentive is…
Zappfresh formally filed its Draft Red Herring Prospectus DRHP with SEBI, marking the launch phase of its IPO set to open on September 26, 2025. The company intends to use…
MyPickup, a logistics startup backed by Inflection Point Ventures, announced shutdown of operations citing cash flow and scaling challenges. Despite successful pilot programs and…
Swiggy launched "Toing," a new app dedicated to affordable meal delivery targeting budget-conscious consumers and daily meal substitution segments. The app aims to penetrate…
Pine Labs, a major fintech payment solutions provider, received regulatory approval from SEBI for its public listing. The company plans to list on major Indian stock exchanges…
Incred, a fintech lending startup, seeks shareholder approval for a fresh issue of INR 1,500 crore in its upcoming IPO. The capital raised will be deployed to expand lending…
Zappfresh, a direct-to-consumer fresh meat and seafood delivery platform, reported an impressive 94% growth in net profit to INR 9 crore in FY25 from INR 4.7 crore in the previous…
Ola Electric submitted a production-linked incentive PLI claim of INR 400 crore based on FY25 sales performance under the government’s electric vehicle promotion scheme. The…
Pascal AI secured $3.1 million in funding from venture investors Kalaari Capital and Info Edge Ventures. The startup focuses on AI-driven automation of investment research,…
Ride-hailing giants Rapido, Uber, and Ola secured provisional licenses from Maharashtra authorities to operate bike taxis. These licenses cap an experimental move into regulated…
Veefin, a fintech company, received board approval to raise INR 94 crore to expand its lending business and technology infrastructure. The funding will be sourced through equity…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT ordered a cash refund to JSW Steel of significant amounts paid towards Countervailing Duty CVD and Special…
The Madras High Court ruled that a vehicle intercepted for non-possession of an electronic invoice e-invoice was justified in filing a timely manual appeal despite regulatory…
The ITAT upheld SC Johnson Pvt Ltd’s accounting treatment allowing depreciation on goodwill arising from amalgamation for calculation of book profits under the Income Tax Act. The…
The ITAT set aside reassessment proceedings initiated against SC Johnson Pvt Ltd challenging profit determinations made by Assessing Officer of ₹69 crores. ITAT found lack of…
The Income Tax Appellate Tribunal ITAT clarified that depreciation on goodwill arising from amalgamation remains valid and allowable even for assessment years before AY 2021–22,…
In a key ruling, CESTAT held remuneration paid to company directors constitutes salary and hence, is excluded from the definition of ‘service’ liable for service tax or GST. The…
The CESTAT held that Cenvat credit is admissible once service tax is paid and supported by a valid invoice, regardless of whether the payment was made by the service provider or…
An official report covers the unfortunate death of Navjot Singh, Deputy Secretary in the Finance Ministry, caused by a BMW car crash. The coverage touches upon road safety…
Muthoot Finance faced a massive GST demand and penalty totaling ₹191 crore for allegedly claiming wrongful Input Tax Credit ITC . The notice alleges improper availing of credits…
The Income Tax Appellate Tribunal ITAT held that sales tax subsidies received under backward area development schemes qualify as capital receipts, thereby excluding them from the…
CESTAT ruled that input service credit Cenvat credit is admissible on services employed to set up and administer first aid facilities in factories, recognizing them as legitimate…
CRED, a leading fintech platform, launched a premium "Sovereign Club" gold credit card available exclusively to select members within its app ecosystem. The card offers enhanced…
The Gujarat High Court ordered customs authorities to re-verify pending export invoices that could not be amended due to mismatches in the GST ICEGATE portal data and export…
This article highlights that buyers spending over ₹10 lakh on cars should be aware of an additional 1% Tax Collected at Source TCS charged by sellers, which is often overlooked.…
The Authority for Advance Ruling AAR rejected an application by rice exporters seeking clarification on the applicability of GST on pre-packaged and labelled rice, noting ongoing…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT clarified that Rule 35 of CCR Credit and Collection of Duty Rules mandates reversal of Cenvat credit only when…
Bollywood director Karan Johar approached the Delhi High Court to seek protection for his personality rights, targeting unauthorized commercial use of his image and identity. The…
After the SIT report submitted in a sealed cover found no wrongdoings by the Vantara animal rehabilitation centre, the Supreme Court stated that the organization operates in…
The Supreme Court suggested establishing fully automated control rooms in police stations nationwide to monitor and detect non-functional CCTV cameras. The bench underscored CCTV…
The Supreme Court addressed pleas challenging key provisions of the Waqf Amendment Act, staying restrictions that were argued to infringe on property rights and religious…
The Supreme Court observed that while FIRs alleged Aadhaar misuse and forgery incidents in Bihar, forgery is not limited to Aadhaar alone. The Court recognized the existence of…
The Supreme Court stayed certain provisions of the Waqf Amendment Act, 2025, including those that restricted non-Muslims from creating Waqfs and provisions relating to the removal…
An official report covers the unfortunate death of Navjot Singh, Deputy Secretary in the Finance Ministry, caused by a BMW car crash. The coverage touches upon road safety…
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