19 Nov, 2024
The Retailers Association of India (RAI) has urged the government to reconsider the price-based GST rates proposed by the GST Council’s Group of Ministers (GoM). The association argues that these changes could have far-reaching consequences for the retail sector, consumers, and India’s broader economic goals. What is Price-Based GST? The GoM has suggested shifting premium […]
Read More19 Nov, 2024
The Goods and Services Tax Network (GSTN) has rolled out a significant update aimed at improving the input tax credit (ITC) process. With the launch of the Invoice Management System (IMS) on October 1, 2024, GST-registered taxpayers can now better manage invoices and reduce disputes in ITC claims. This blog delves into the features of […]
Read More19 Nov, 2024
TDS Refund Form 71 is a crucial tool introduced by the Central Board of Direct Taxes (CBDT) to simplify the process of claiming refunds for TDS mismatches. This rule addresses a common issue where taxpayers face difficulties reconciling TDS credits in their income tax returns (ITR) with the amounts reflected in Form 26AS. This blog […]
Read More19 Nov, 2024
In the bustling streets of Bengaluru, where traffic and time are in a perpetual tug-of-war, a new player has entered the fray, promising to deliver your cravings in just ten minutes. swish food delivery, a startup with a mission to reduce the wait time for food to the bare minimum, has recently clinched a $2 […]
Read More19 Nov, 2024
The economic landscape of 2025 looks promising as the United Kingdom and India prepare to resume their stalled trade negotiations. This development isn’t just another chapter in the ongoing saga of international trade; it’s potentially the beginning of a strategic partnership that could reshape economic relations between the two nations. India-UK Trade Talks A Strategic […]
Read More19 Nov, 2024
The annual Bengaluru Tech Summit 2024, a beacon for technology enthusiasts, innovators, and entrepreneurs, commenced on November 19, 2024, with an air of excitement and anticipation. Held at Bangalore Palace, this year’s theme, “Unbound,” reflects an ambitious drive to transcend traditional tech boundaries. Global Participation and Partnerships This year’s summit boasts an impressive international presence. […]
Read More19 Nov, 2024
In the Delhi air crisis, the capital continues to gasp for breath as Smog’s Reign engulfs the city, prompting a look at what’s been done and what’s needed. The air quality index often hits hazardous levels, making daily life challenging and health issues rampant. The Smog’s Reign Every year, as winter approaches, Delhi finds itself […]
Read More19 Nov, 2024
The Allahabad High Court recently delivered a significant judgment clarifying the imposition of penalties under Section 129 of the CGST Act, 2017. The court ruled that penalties cannot be imposed on goods in transit with a valid tax invoice and e-way bill, even if the GST registration is later suspended. This decision reaffirms the importance […]
Read More19 Nov, 2024
The Goods and Services Tax Network (GSTN) has introduced an innovative feature to streamline GST compliance and expedite Input Tax Credit (ITC) claims. From October 14, 2024, the newly launched Invoice Management System (IMS) on the GST portal allows suppliers to track buyer actions—whether they have accepted or rejected invoices. This change is set to […]
Read More19 Nov, 2024
The Himachal Pradesh High Court recently dismissed a writ petition challenging the levy of GST on mining royalty, marking a significant precedent for industries involved in mineral concessions. This decision aligns with the legal principles set by the Supreme Court in the Mineral Area Development Authority vs. Steel Authority of India Ltd. (2024) case. Case […]
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