05 Mar, 2025
Relief for IndiGo: Delhi HC Strikes Down IGST on Aircraft Repairs The Delhi High Court has provided a significant relief for aviation companies, including IndiGo, by striking down the Integrated Goods and Services Tax (IGST) levy on the repair cost of goods re-imported into India after overseas maintenance. This ruling declared unconstitutional a provision in […]
Read More05 Mar, 2025
Bombay HC Pauses GST Demand on Mad Over Donuts: Key Takeaways In a case that could reshape GST classification for bakery and restaurant businesses, the Bombay High Court has temporarily restrained tax authorities from enforcing GST recovery against Mad Over Donuts (Himesh Foods). The dispute revolves around whether the supply of donuts qualifies as restaurant […]
Read More05 Mar, 2025
GST Biometric Authentication: A Game-Changer for Registration To enhance ease of doing business, the Tax Administration has introduced a new facility allowing promoters and directors of businesses applying for Goods & Services Tax (GST) registration to complete biometric authentication in their home state. This change eliminates the requirement to travel to a jurisdictional GST Suvidha […]
Read More04 Mar, 2025
Introduction The wheat industry has raised concerns over rising market volatility and speculative pricing, calling for a reduction in import duty on wheat. This request comes as domestic wheat prices fluctuate due to supply chain disruptions, climate concerns, and global economic trends. Experts argue that a lower import duty could help stabilize prices and ensure […]
Read More04 Mar, 2025
India’s FDI Decline: A Sign of Global Slowdown? Foreign Direct Investment (FDI) in India declined 5.6% year-on-year to USD 10.9 billion in the October-December 2023-24 quarter, down from USD 11.55 billion in the same period last year. This decline raises important questions about the impact of global economic uncertainty, geopolitical risks, and evolving investment policies […]
Read More04 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. […]
Read More04 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 […]
Read More03 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 […]
Read More03 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 […]
Read More01 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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