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The GST Network GSTN has issued an advisory requiring digital signatures or electronic verification codes EVC on all notices and orders issued by GST authorities. This advisory…
A Group of Ministers GoM meeting in Goa concluded with the decision that there would be no further GST exemptions for long-term land leases. This decision impacts businesses that…
The Ministry of Corporate Affairs MCA introduced several new measures to address technical issues with the MCA21 portal. These measures aim to guide businesses and stakeholders…
Swiggy’s losses widened by 8% year-on-year to INR 611 crore in the first quarter of the financial year, even as its operating revenue grew by 35%. The increase in losses was…
A lawyer in the Madras High Court has accused Flipkart of engaging in anti-competitive practices by influencing prices for select sellers. The lawyer argued that Flipkart was…
The Karnataka High Court quashed an FIR against five men accused of promoting enmity under Section 153A IPC for chanting ‘Bharat Mata Ki Jai’. The court observed that such…
The Rajasthan High Court sentenced a man to life imprisonment for murdering his first wife, overturning a 1992 acquittal. The court criticized the trial court for ignoring…
The Allahabad High Court directed the UP Health Secretary to issue a Standard Operating Procedure SOP for medical termination of pregnancy cases. The court noted that many Chief…
A laborer in Maharashtra earning Rs. 10,000 per month received an income tax notice for Rs. 2 crore, leaving him shocked. The notice likely resulted from discrepancies or errors…
The CESTAT allowed a refund for input services tax paid on exported goods, citing Section 142 4 of the CGST Act and related circulars. The tribunal ruled in favor of the exporter,…
CESTAT ruled that input services used for setting up a new unit within an existing facility are eligible for CENVAT credit. This decision goes against the revenue department’s…
The Kerala High Court issued guidelines to prevent trial courts and tribunals from adjourning cases based solely on oral submissions claiming a stay order from the High Court. The…
The Madras High Court ruled that while animals do not have rights, the state has a duty to ensure a safe environment for them. The court ordered compensation for a man whose cow…
The Allahabad High Court ordered the transfer of Amroha District Magistrate Rajesh Kumar Tyagi, citing dissatisfaction with his handling of gang charts. The court found that the…
The market regime has shifted to a low volatility phase, driven by defensive factors outperforming growth and cyclical sectors. This shift highlights the growing investor focus on…
Gautam Adani, India's second-richest man, is making another strategic move by planning to acquire a significant stake in a renewable energy firm. This potential acquisition aligns…
The Madras High Court quashed a VAT reassessment order that denied Input Tax Credit ITC on zero-rated sales and remitted the case for reconsideration. The court found the…
Statutory Bodies Not Liable to Pay Service Tax on Amounts Received in Compliance with Government Directives: CESTAT CESTAT ruled that statutory bodies are not liable to pay…
Relief to Kirloskar Oil Engines: CESTAT Excludes Dealer Promotion Expenses from Assessable Value, No Direct Benefit to Manufacturer CESTAT provided relief to Kirloskar Oil Engines…
Aditya Birla Health Insurance has launched a maternity cover that includes a reduced waiting period of just three months, compared to the industry-standard of 9-12 months. This…
Over 100 merchant bankers in India face losing their SEBI licenses due to non-compliance with regulatory guidelines. The Securities and Exchange Board of India SEBI has set…
India has signed a Bilateral Investment Treaty BIT with Uzbekistan during a high-level meeting in Tashkent. The treaty is aimed at promoting and protecting investments between the…
Tamilnad Mercantile Bank TMB has teamed up with consulting firm McKinsey & Company to develop a strategic growth plan focused on the MSME sector. This partnership aims to refine…
Akme Fintrade, a non-banking financial company NBFC , is expanding its semi-urban lending operations by offering vehicle financing solutions tailored to underserved communities.…
SpiceJet Clears Salary Arrears and GST Dues of ₹145 Cr After Raising ₹3000 Cr SpiceJet cleared its salary arrears and GST dues amounting to ₹145 crores after successfully raising…
Madras High Court Sets Aside GST Order Against Deceased Person, Grants Heir Fresh Hearing Conditionally The Madras High Court set aside a GST order issued against a deceased…
Astrotalk, a leading astrology platform, reported a significant jump in its FY24 profit, which increased over threefold to INR 94 crore. The company's revenue also doubled during…
MSMEs in Uttar Pradesh have called for the conversion of 46,500 acres of leasehold industrial land into freehold. This demand is driven by concerns over land ownership rights and…
Authum Investment & Infrastructure has announced plans to acquire a 46.85% stake in Prataap Snacks for ₹846.6 crore. This strategic acquisition is expected to boost Authum’s…
Sequent Scientific, a leading player in the animal health industry, has announced a strategic merger with Viyash Lifesciences. The merger is aimed at consolidating both companies'…
The BSE PSU index has surged 5% over six trading sessions, driven by renewed investor interest in public sector stocks. This rebound is attributed to several factors, including…
The Supreme Court criticized the Real Estate Regulatory Authority RERA for becoming a “rehabilitation center” for retired bureaucrats, undermining the Act’s objectives. The court…
The National Payments Corporation of India NPCI is working on building a UPI-like payments platform for Trinidad and Tobago. This initiative is part of NPCI’s strategy to expand…
Swiggy’s losses widened by 8% year-on-year to INR 611 crore in the first quarter of the financial year, even as its operating revenue grew by 35%. The increase in losses was…
A lawyer in the Madras High Court has accused Flipkart of engaging in anti-competitive practices by influencing prices for select sellers. The lawyer argued that Flipkart was…
On September 27, 2024, the BSE Sensex and NSE Nifty experienced fluctuations, with the Sensex hitting a record high of 85,955.50 before closing at 85,571.85, down 264.27 points.…
SJVN’s stock surged by 5.71% to ₹133.20 following the announcement of two Memorandums of Understanding MoUs with the Maharashtra government for power project development. The…
The Indian rupee declined by 4 paise to settle at 83.70 against the US dollar on September 27, 2024, amid subdued domestic equity markets and increased month-end demand for the…
Sridhar Sankararaman, Managing Director of Multiples Alternate Asset Management, highlighted the promising opportunities in India’s private market. He emphasized the importance of…
Swiggy is preparing for its Initial Public Offering IPO , aiming to capitalize on its strong market position and growth potential. The IPO is expected to attract significant…
The Karnataka High Court quashed an FIR against five men accused of promoting enmity under Section 153A IPC for chanting ‘Bharat Mata Ki Jai’. The court observed that such…
The Rajasthan High Court sentenced a man to life imprisonment for murdering his first wife, overturning a 1992 acquittal. The court criticized the trial court for ignoring…
MSMEs in Uttar Pradesh have called for the conversion of 46,500 acres of leasehold industrial land into freehold. This demand is driven by concerns over land ownership rights and…
A Group of Ministers GoM meeting in Goa concluded with the decision that there would be no further GST exemptions for long-term land leases. This decision impacts businesses that…
The GoM meeting in Goa did not result in a final decision regarding a GST rate cut for life and health insurance. Discussions centered around the potential impact of reducing GST…
The GST Network GSTN has issued an advisory requiring digital signatures or electronic verification codes EVC on all notices and orders issued by GST authorities. This advisory…
The Supreme Court emphasized the need for election petitions to be precise and well-founded, dismissing an appeal in which the allegations were found to be vague. In the case of…
At a GoM meeting, members could not agree on a proposal to rationalize GST rates across over 100 items. The meeting aimed to review the tax structure on essential goods and luxury…
The Ministry of Corporate Affairs MCA introduced several new measures to address technical issues with the MCA21 portal. These measures aim to guide businesses and stakeholders…
A laborer in Maharashtra earning Rs. 10,000 per month received an income tax notice for Rs. 2 crore, leaving him shocked. The notice likely resulted from discrepancies or errors…
The GST Network GSTN has issued an advisory requiring digital signatures or electronic verification codes EVC on all notices and orders issued by GST authorities. This advisory…
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