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The Reserve Bank of India RBI is likely to draw up a road map for the adoption of Expected Credit Loss ECL methodology at its upcoming meeting. The ECL approach, aligned with…
The Gujarat High Court ruled that certified copies of GST appeal orders are not necessary when the orders are available on the GST portal. The court held that digital copies…
The initial public offering IPO of BlackBuck, a logistics startup, has been subscribed 28% on the second day of its issue. The IPO has attracted interest from institutional…
The Reserve Bank of India's RBI monetary policy decisions, particularly regarding interest rate cuts, have significant implications for the economy and consumers. Speculation…
The Reserve Bank of India RBI has named State Bank of India SBI , HDFC Bank, and ICICI Bank as the country's top three banks based on various performance metrics. These metrics…
The Enforcement Directorate ED has arrested two Chinese nationals for allegedly laundering money through a Chinese app. The duo is accused of using the app to facilitate illegal…
The Enforcement Directorate ED has seized ₹88 crore in a money laundering case against Santiago Martin, also known as the Lottery King. Martin is accused of conducting illegal…
The Calcutta High Court has established separate divisions to handle Intellectual Property Rights IPR disputes, aiming to expedite and streamline the resolution of such cases.…
Giva, a jewelry startup, reported a 66% increase in revenue, reaching Rs 274 crore in FY24. The significant growth is attributed to strong demand for its jewelry collections,…
Matrimony.com has launched WeddingLoan.com, a fintech platform dedicated to providing marriage loans. The platform offers a specialized category for wedding loans, collaborating…
GSTN has released an advisory concerning the initial phase of the Invoice Matching System IMS implementation. This advisory provides guidelines for businesses to adapt to the new…
The Central government has urged states to fill 663 vacant positions in consumer forums across the country. The shortage of staff in these forums has led to delays in resolving…
The implementation of India's data protection law is expected to take more than a year, according to experts. The law, aimed at securing personal data and ensuring privacy,…
A GST officer in Gujarat has uncovered a GST evasion scam worth ₹19.5 crore in the copper trade. The investigation revealed that certain traders were involved in fraudulent…
The Consumer Protection Act aims to safeguard consumer rights, yet selective justice under this law raises concerns. The article discusses instances where consumer complaints have…
A panel has been set up to revisit the debate on whether salary should be included in determining the creamy layer for the Other Backward Classes OBC quota. The creamy layer…
The article examines whether startups and MSMEs can claim both income tax and GST benefits simultaneously. It provides an analysis of the relevant provisions and guidelines, offeri…
The Authority for Advance Rulings AAR ruled that penalties imposed by the Reserve Bank of India RBI…
The Madras High Court granted an opportunity to a taxpayer to explain discrepancies between their GSTR-1 and GSTR-3B forms, given that 75% of the disputed GST had already been…
India's forex reserves have declined by $2.9 billion from their peak, falling for the sixth consecutive week to a three-month low of $675.6 billion. The decrease is attributed to…
Reliance Power, led by Anil Ambani, has reported a massive profit in Q2, leading to a significant increase in its market capitalization to Rs 14,500 crore. This remarkable…
The Companies Act 2013 introduces Alternative Dispute Resolution ADR mechanisms, including arbitration and mediation, to resolve corporate disputes efficiently. The National…
India's forex reserves have declined by $2.9 billion from their peak, falling for the sixth consecutive week to a three-month low of $675.6 billion. The decrease is attributed to…
A $1,000 investment in JPMorgan Chase stock ten years ago would be worth significantly more today, highlighting the long-term growth potential of blue-chip stocks. The impressive…
The ICAI has requested the Ministry of Corporate Affairs MCA to review the proposed changes to audit standards by the National Financial Reporting Authority NFRA . ICAI raised…
The Delhi High Court ruled that a demand order for Tax Deducted at Source TDS violations issued in the name of a previous company is rectifiable under Section 292B of the Income…
The Delhi High Court has ruled that the National Highways Authority of India's NHAI capital grant subsidy to contractors is not liable for TDS Tax Deducted at Source deduction…
Banks need to explore alternative funding sources beyond traditional deposits to address the credit gap and meet increasing loan demands. Traditional deposits alone are…
The State Bank of India SBI is seeking a $1.25 billion dollar-denominated loan, marking the largest such loan by an Indian bank in 2024. This move is aimed at strengthening SBI's…
Ujjivan Small Finance Bank is planning to sell Rs 270 crore worth of micro-banking loans to improve its liquidity position. The bank aims to offload these loans to a non-banking…
Canara Bank has declared loans given to Reliance Communications and its unit as fraudulent. The bank alleged that the Anil Ambani-promoted company misappropriated Rs 1,050 crore…
The Reserve Bank of India RBI is likely to draw up a road map for the adoption of Expected Credit Loss ECL methodology at its upcoming meeting. The ECL approach, aligned with…
The Income Tax Appellate Tribunal ITAT has remitted a case involving an ex-parte income tax addition of ₹46 lakh, made under Section 144/147 without giving the assessee an…
The Customs, Excise, and Service Tax Appellate Tribunal CESTAT granted a refund of service tax paid under the Reverse Charge Mechanism RCM…
The Income Tax Appellate Tribunal ITAT has remitted a case involving an ex-parte income tax addition of ₹46 lakh, made under Section 144/147 without giving the assessee an…
The Software as a Service SaaS market in India is poised for significant growth, with opportunities projected to expand by 2030. The report highlights trends such as increased…
The Software as a Service SaaS market in India is poised for significant growth, with opportunities projected to expand by 2030. The report highlights trends such as increased…
The Allahabad High Court granted bail to a Bajrang Dal member accused of abducting a minor girl of a different religion. The FIR alleged that the girl was forcibly taken and…
The Delhi High Court has ruled that the National Highways Authority of India's NHAI capital grant subsidy to contractors is not liable for TDS Tax Deducted at Source deduction…
The Bombay High Court ruled that a refund rejection order passed without providing the taxpayer an opportunity for a hearing violates Rule 92 3 of the CGST Rules and the…
The Delhi High Court has ruled that the National Highways Authority of India's NHAI capital grant subsidy to contractors is not liable for TDS Tax Deducted at Source deduction…
The Gujarat High Court ruled that certified copies of GST appeal orders are not necessary when the orders are available on the GST portal. The court held that digital copies…
The initial public offering IPO of BlackBuck, a logistics startup, has been subscribed 28% on the second day of its issue. The IPO has attracted interest from institutional…
Giva, a jewelry startup, reported a 66% increase in revenue, reaching Rs 274 crore in FY24. The significant growth is attributed to strong demand for its jewelry collections,…
Matrimony.com has launched WeddingLoan.com, a fintech platform dedicated to providing marriage loans. The platform offers a specialized category for wedding loans, collaborating…
GSTN has released an advisory concerning the initial phase of the Invoice Matching System IMS implementation. This advisory provides guidelines for businesses to adapt to the new…
The Authority for Advance Rulings AAR ruled that penalties imposed by the Reserve Bank of India RBI…
The Madras High Court granted an opportunity to a taxpayer to explain discrepancies between their GSTR-1 and GSTR-3B forms, given that 75% of the disputed GST had already been…
The ICAI has requested the Ministry of Corporate Affairs MCA to review the proposed changes to audit standards by the National Financial Reporting Authority NFRA . ICAI raised…
The Delhi High Court ruled that a demand order for Tax Deducted at Source TDS violations issued in the name of a previous company is rectifiable under Section 292B of the Income…
The Reserve Bank of India RBI is likely to draw up a road map for the adoption of Expected Credit Loss ECL methodology at its upcoming meeting. The ECL approach, aligned with…
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