Govt Plans ITC Relief: Two-Month Window for Credit Notes

04 Mar, 2025

Introduction The government is considering a significant relief measure for GST taxpayers by amending the Central GST (CGST) Rules to allow a two-month window for accepting or rejecting credit notes and adjusting input tax credit (ITC) accordingly. Currently, taxpayers using the Invoice Management System (IMS) must accept or reject credit notes outright, leaving little flexibility. […]

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El Salvador’s Bitcoin Strategy: Building a Digital Reserve

04 Mar, 2025

Introduction El Salvador has once again made headlines in the cryptocurrency world by purchasing 5 additional bitcoins, bringing its total holdings to 6,100 BTC. This move underscores the country’s long-term vision of treating Bitcoin as a strategic reserve asset, despite the volatility inherent in the cryptocurrency market. But what does this strategy mean for El […]

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New GST Biometric Authentication Rules – Home-State Flexibility for Directors

03 Mar, 2025

In a significant update to the GST registration process, the Goods and Services Tax Network (GSTN) has introduced a new facility allowing Promoters and Directors of certain business entities to complete their Biometric Authentication at any GST Suvidha Kendra (GSK) in their home state. This enhancement simplifies the process for applicants who were previously required […]

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Nifty 50: Poised for Recovery or Deeper Fall?

03 Mar, 2025

Introduction The Nifty 50, India’s benchmark stock market index, has encountered a prolonged downward trajectory, marking its longest monthly losing streak in nearly three decades. Investors and market analysts are keenly observing whether this correction signals an impending recovery or if further downside risks persist. This article delves into technical indicators, support levels, and expert […]

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India’s GST Collection Hits ₹1.84 Lakh Crore in February 2025

01 Mar, 2025

India’s GST Revenue Jumps 9.1% in February 2025 – Here’s What It Means India’s Goods and Services Tax (GST) collection surged 9.1% YoY in February 2025, reaching ₹1.84 lakh crore. This growth was fueled by a 10.2% increase in domestic GST Collection February 2025 revenues, reflecting robust economic activity and improved compliance measures. Breakdown of […]

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Supreme Court Upholds Arrest & Summons Provisions in GST Law

01 Mar, 2025

Supreme Court Upholds Constitutionality of GST Arrest & Summons Provisions The Supreme Court of India has upheld the constitutional validity of Sections 69 and 70 of the Goods and Services Tax (GST) Act, which grant authorities the power to arrest and summon individuals in cases of tax evasion. The ruling reinforces the Parliament’s legislative competence […]

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GST on Ride Apps: Subscription Model & Tax Liability Explained

01 Mar, 2025

Introduction India’s ride-hailing industry is undergoing a major transformation as companies like Uber, Ola, Namma Yatri, and Rapido shift from commission-based models to subscription-based platforms for auto-rickshaw and cab services. However, conflicting rulings by the Authority for Advance Rulings (AAR) on whether these platforms must collect Goods and Services Tax (GST) have created uncertainty for […]

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Tally Prime Shortcut Keys (Categorised by Function)

28 Feb, 2025

Below is a comprehensive list of Tally Prime shortcut Keys, keyboard shortcuts, organized by their general function for easier reference. Each category groups related shortcuts, with concise descriptions for what each shortcut does. Navigation (Tally Prime shortcut Keys) These shortcuts help you navigate through Tally Prime’s screens, menus, and fields: Shortcut Description Esc Close the […]

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Paytm Integrates AI Search: A New Era of Financial Assistance

27 Feb, 2025

Introduction: AI Meets Digital Payments In a significant step towards enhancing financial literacy and accessibility, Paytm has partnered with Perplexity AI to introduce AI-powered search capabilities within its payment app. This integration enables users to ask financial questions, explore topics in local languages, and receive real-time, reliable insights—all within the Paytm ecosystem. With India’s digital […]

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India’s Economic Growth: World Bank’s Optimistic Outlook

27 Feb, 2025

Introduction The World Bank has reaffirmed its confidence in the Indian economy, highlighting its strong fundamentals, ongoing reforms, and resilience in the face of global economic challenges. With India maintaining one of the fastest-growing economies in the world, the report underscores the nation’s potential for sustained economic expansion in the coming years. India’s Economic Strengths […]

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