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 […]
Read More01 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 […]
Read More28 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 […]
Read More27 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 […]
Read More27 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 […]
Read More27 Feb, 2025
Introduction The Kisan Credit Card (KCC) scheme, a flagship initiative by the Government of India, has significantly transformed rural credit accessibility. As of December 31, 2024, the total loan amount sanctioned under KCC surpassed ₹10 lakh crore, benefiting 7.72 crore farmers. This marks a remarkable increase from ₹4.26 lakh crore in 2014, reflecting the government’s […]
Read More27 Feb, 2025
Madras HC Upholds 12% GST for Railway Infrastructure Works The Madras High Court has provided significant relief to contractors in railway infrastructure projects by affirming that the 12% concessional GST rate applies to contracts awarded by Rail Vikas Nigam Ltd (RVNL). This decision rejects the tax department’s demand for an 18% GST rate and provides […]
Read More27 Feb, 2025
Introduction: The GST Dilemma for Donut Chains India’s Goods and Services Tax (GST) framework has sparked fresh controversy in the food and beverage sector. Popular donut and bakery chains like Dunkin’ Donuts, Mad Over Donuts, and Theobroma are facing scrutiny over their tax classification. The GST authorities argue that these businesses should be taxed at […]
Read More27 Feb, 2025
Introduction The Indian insurance industry is at the center of a high-stakes GST battle that could have far-reaching consequences. The GST Adjudicating Authority has confirmed a ₹2,400 crore tax demand against HDFC Life Insurance, citing alleged wrongful claims of input tax credit (ITC) on agent commissions. This ruling could set a precedent, potentially pushing the […]
Read More27 Feb, 2025
Nifty Faces Volatile Session on F&O Expiry Day The Nifty 50 index is experiencing its fifth consecutive month of losses, marking the longest losing streak in nearly three decades. Today, February 27, 2025, is the monthly F&O expiry, and market analysts predict a volatile trading session with potential swings in both directions. Key Technical Levels […]
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