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The GSTN Goods and Services Tax Network has clarified the Table 12A issue in GSTR-1 for B2C transactions. This clarification addresses a common query for taxpayers filing their…
The RBI Reserve Bank of India has allowed gold and silver to be used as voluntary collateral for agricultural and MSME loans. This significant policy change aims to increase…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has quashed a ₹1 crore penalty on a Customs officer in a red sanders smuggling case due to "lack of corroborative…
The Supreme Court has ruled that secretly recorded calls between spouses are admissible evidence in divorce cases. This significant legal precedent alters the landscape of…
Smallcase has crossed the ₹100 crore revenue mark in FY25. This significant financial milestone indicates strong growth for the investment platform that enables users to invest in…
Ex-ShareChat CXO Shashank Shekhar's new startup is set to raise $4 million, led by Peak XV. This significant early-stage funding indicates strong investor confidence in the new…
Ola Electric's losses widened year-over-year, and sales declined sharply. This reiterates the significant financial difficulties faced by the electric vehicle company. The…
TCS's CFO stated that wage hikes are a priority, with a focus on growth with profitability. This indicates that India's largest IT service company is balancing employee…
The GSTN Goods and Services Tax Network has clarified GSTR-1 filing for B2C supplies, stating Table 12B is "not mandatory" and a "dummy entry required in Table 12A." This guidance…
Jane Street has deposited ₹48.43 crore to an escrow account with SEBI Securities and Exchange Board of India lien in an alleged Bank Nifty manipulation case. This significant…
The Delhi High Court has stayed an "angel tax" demand against OYO, offering temporary relief ahead of IPO plans. This crucial interim order provides a significant reprieve for the…
ArisInfra's Q4 loss has declined by 97%. This substantial reduction in losses signifies a significant improvement in the financial performance of the infrastructure company. A 97%…
IPO-bound Groww's shares jumped 18% after its Q1 results. This significant stock price surge indicates a very positive market reaction to the investment platform's first-quarter…
SpaceX is reportedly backing Elon Musk's xAI with $2 billion. This massive internal investment highlights Elon Musk's aggressive strategy to build a formidable AI empire. The…
IPO-bound Groww is set to launch a new platform to augment revenue. This strategic move by the investment and wealth management platform aims to diversify and expand its income…
PayU India has bagged ₹302 crore from Prosus to grow its credit business. This significant capital injection from its parent company, Prosus, underscores a strong commitment to…
A ₹5 crore Income Tax demand has been dropped, with a CA Chartered Accountant praising the "faceless appeal for hassle-corruption-free process." This success story highlights the…
The Madras High Court has applied Section 165 relief for GST ITC Input Tax Credit reversal and ordered a refund to a business proprietor. Section 165 of the CGST Act deals with…
The ITAT Income Tax Appellate Tribunal has ordered a fresh hearing for an ex-parte dismissal of an agricultural income tax case. An ex-parte dismissal occurs when one party fails…
Smartworks' IPO issue has been oversubscribed 1.3 times on Day 3. This strong subscription rate indicates robust investor demand for the co-working space provider's Initial Public…
Andhra Pradesh is set to play a key role in the MSME-centric ADEETIE scheme. This indicates that the state government is actively supporting the central government's initiative…
The ITAT Income Tax Appellate Tribunal has ruled that an addition based on "suspicion of fictitious profit via client code modification facility in F&O segment without…
Elon Musk's SpaceX has invested $2 billion in xAI to expand its AI empire with Grok and X integration, raising valuation to $113 billion. This massive investment underscores Elon…
The Delhi High Court has stayed an ₹1,140 crore "angel tax" demand against OYO. This significant relief for the hospitality tech giant temporarily halts the recovery of a large…
Taxpayers have withdrawn crores in bogus ITR Income Tax Return deductions and exemptions as the Income Tax Department strengthens its crackdown. This significant development…
The DGFT Directorate General of Foreign Trade has called for stakeholder comments on a draft Internal Compliance Programme for export controls. This initiative aims to streamline…
The CBI Central Bureau of Investigation has extradited a fugitive in a multi-crore import-export fraud case from the USA. This significant development highlights international…
The audit timeline for FY 2021-22 under the WB GST Act has been extended. This decision provides relief to businesses and auditors operating in West Bengal by granting more time…
The Madras High Court has ruled that a "petitioner cannot evade two-tier arbitration stating not given opportunity to file condone delay application by appellate tribunal." This…
The ITAT Income Tax Appellate Tribunal has ruled that an FTC Foreign Tax Credit claim is "not denied despite delay" as "filing of Form 67 held directory, not mandatory." Form 67…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled that "anti-dumping duty paid by mistake in self-assessment has no legal character of duty, must be…
The Gujarat High Court has slapped a ₹1 lakh fine on a man seen attending proceedings from a toilet seat. This unusual incident highlights the court's strict stance on maintaining…
The Karnataka High Court has quashed a criminal case against the CEO of Hindustan Unilever HUL concerning alleged contamination in biscuits. The court's decision suggests that…
The Supreme Court has upheld the life sentence of a woman who killed her fiancé with the help of her boyfriend. This judgment reaffirms the conviction in a high-profile murder…
SpaceX is reportedly backing Elon Musk's xAI with $2 billion. This massive internal investment highlights Elon Musk's aggressive strategy to build a formidable AI empire. The…
Ola Electric's losses widened year-over-year, and sales declined sharply. This reiterates the significant financial difficulties faced by the electric vehicle company. The…
IPO-bound Groww's shares jumped 18% after its Q1 results. This significant stock price surge indicates a very positive market reaction to the investment platform's first-quarter…
Fractal has bagged ₹49 crore from co-founder Srikanth Velamakanni. This significant investment from an existing co-founder highlights a strong belief in the company's future…
Elon Musk's SpaceX has invested $2 billion in xAI to expand its AI empire with Grok and X integration, raising valuation to $113 billion. This massive investment underscores Elon…
Quick fashion startup Blip has shut shop. This news signifies a challenging outcome for a venture in the fast-paced and competitive quick fashion sector. Startup closures can…
Swiggy has allotted 38.8 lakh shares under its ESOP Employee Stock Option Plan scheme. This formal allocation of shares to employees under the ESOP scheme signifies a concrete…
The Delhi High Court has stayed an ₹1,140 crore "angel tax" demand against OYO. This significant relief for the hospitality tech giant temporarily halts the recovery of a large…
Swiggy has expanded its ESOP Employee Stock Ownership Plan pool with a ₹150 crore fresh grant. This significant allocation of new shares to its employee stock option plan…
The Swiss Army knife maker has received urgent relief from the Bombay High Court against unauthorized listings on Amazon. This ruling highlights the importance of intellectual…
The ITAT Income Tax Appellate Tribunal has ruled that an Income Tax notice issued after March 31, 2021, under the old regime is invalid, despite the TOLA Taxation and Other Laws…
The CESTAT Customs, Excise, and Service Tax Appellate Tribunal has ruled "no service tax on target-based discounts from Maruti Suzuki to dealers." This important decision…
The Madras High Court has ruled that a "petitioner cannot evade two-tier arbitration stating not given opportunity to file condone delay application by appellate tribunal." This…
Tata Power has received a ₹2.40 lakh GST penalty from UP tax authorities. This penalty indicates a non-compliance issue with Goods and Services Tax regulations identified by the…
The DGGI Directorate General of GST Intelligence has uncovered a ₹266 crore GST ITC fraud involving 6 shell companies. This significant fraud highlights continued challenges in…
Eicher Motors is facing a ₹16.8 crore GST demand notice on VECV Volvo Eicher Commercial Vehicles . This significant tax demand indicates a potential dispute between the company…
The GSTN Goods and Services Tax Network has clarified the Table 12A issue in GSTR-1 for B2C transactions. This clarification addresses a common query for taxpayers filing their…
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