22 Feb, 2025
Introduction A recent judicial ruling has clarified a crucial aspect of GST Input Tax Credit (ITC) utilization, setting a precedent for businesses navigating tax compliance. The case revolved around a writ petition challenging the rejection of ITC due to an alleged misapplication of CGST/SGST instead of IGST, despite no actual loss of revenue to the […]
Read More22 Feb, 2025
Kerala High Court Rules Against Retention of Seized Cash by GST & IT Departments The Kerala High Court, in a significant ruling, has held that seized cash cannot be retained by either the Goods and Services Tax (GST) Department or the Income Tax (IT) Department before the conclusion of legal proceedings. The decision was made […]
Read More21 Feb, 2025
India’s PMI Surges to a 6-Month High: Key Takeaways India’s private sector activity saw a remarkable surge in February 2025, with the HSBC Flash India Composite PMI reaching 60.6, the highest in six months. This growth was primarily led by the services sector, which recorded an impressive rise to 61.1, up from 56.5 in January. […]
Read More21 Feb, 2025
Introduction The latest Reserve Bank of India (RBI) data reveals a remarkable 42.8% surge in NRI deposits, reaching $13.33 billion between April and December 2024, compared to $9.33 billion in the same period last year. This surge highlights strong remittance flows and NRI confidence in India’s financial stability. With total outstanding NRI deposits now at […]
Read More21 Feb, 2025
Introduction The Uttar Pradesh Budget 2025, presented by Finance Minister Suresh Kumar Khanna, focuses on infrastructure development, women empowerment, and welfare programs. With a total allocation of ₹8.09 lakh crore, this budget aims to accelerate economic growth, generate employment, and enhance public welfare. 1. Major Allocations in UP Budget 2025 The UP government has prioritized […]
Read More21 Feb, 2025
Elon Musk’s Vision: Dogecoin for Financial Audits? Elon Musk has once again stirred financial circles by suggesting that Dogecoin could be used to audit the U.S. Federal Reserve. His remarks have ignited debates across social media about whether blockchain technology can enhance transparency in monetary policy and central banking operations. How Could Blockchain Enhance Financial […]
Read More20 Feb, 2025
Introduction In a significant relief to the Board of Control for Cricket in India (BCCI), the Bombay High Court has quashed an advisory issued by the Income Tax Department that questioned the board’s tax-exempt status. The ruling reaffirms that such tax determinations must be made through proper statutory procedures rather than informal communications. This article […]
Read More20 Feb, 2025
Introduction India is considering a Goods and Services Tax (GST) hike on tobacco products once the compensation cess ends on March 31, 2026. Currently, tobacco products attract 28% GST, along with compensation cess and other levies, pushing the total tax burden to 53%. However, as per government discussions, one of the key proposals is to […]
Read More19 Feb, 2025
Hexaware Technologies IPO: A Strong Debut on NSE & BSE Hexaware Technologies Limited made its much-anticipated IPO listing on February 19, 2025, debuting on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The stock opened at ₹745.50 on the NSE, reflecting a 5.3% premium over its issue price of ₹708. This positive […]
Read More19 Feb, 2025
Introduction Tesla’s long-anticipated entry into India’s electric vehicle (EV) market is finally gaining momentum. With recent reports suggesting that the company is actively seeking land for a manufacturing facility, Tesla is taking definitive steps towards establishing a presence in India. Sources indicate that Maharashtra is emerging as the top contender for Tesla’s first plant in […]
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