01 Feb, 2025
Introduction The Madras High Court recently ruled that taxpayers who register under GST and pay tax only after an inspection cannot claim their compliance as voluntary. The case involved a charitable trust running a marriage hall without GST registration, eventually paying taxes post-inspection. The court held that such actions indicate deliberate tax evasion, making the […]
Read More31 Jan, 2025
CBDT Notification: A Step Towards Targeted Welfare On January 30, 2025, the Central Board of Direct Taxes (CBDT) issued Notification No. 12/2025, authorizing the Joint Secretary of the Department of Food and Public Distribution (DFPD) to access income-tax payer data. This move aims to streamline beneficiary identification for the Pradhan Mantri Garib Kalyan Anna Yojana […]
Read More31 Jan, 2025
Samsung Q4 2024 Financial Performance: A Closer Look Samsung Electronics reported a strong Q4 2024, demonstrating resilience despite global economic uncertainties. The company’s revenue and profitability saw notable improvements, primarily driven by semiconductors and AI-powered innovations. Key Financial Highlights: Despite macroeconomic fluctuations, Samsung has managed to sustain growth by capitalizing on premium chip demand and […]
Read More31 Jan, 2025
🚀 GST on Two-Wheelers: The Debate Heats Up India is the world’s largest two-wheeler market, yet affordability remains a challenge due to the high GST rate of 28% on bikes and scooters with engine capacities up to 350cc. For premium models exceeding 350cc, the total tax burden reaches 31%, including a 3% compensation cess. Leading […]
Read More31 Jan, 2025
🏠 The Push for GST Exemption on Affordable Housing The Indian real estate sector has long sought tax relief to make housing more accessible, especially for middle and lower-income groups. One of the biggest demands ahead of Budget 2025 is eliminating or reducing GST on affordable housing. Currently, the GST structure for under-construction properties is: […]
Read More31 Jan, 2025
Apple’s ‘Air’ Subscription: A Taxable Luxury or Just Thin Air? Apple has built an empire by turning everyday essentials into premium, must-have experiences. From high-end smartphones to exclusive services, the tech giant has a knack for monetizing convenience. The latest rumored innovation—Apple Air—a subscription-based breathing experience, has sparked both amusement and legal curiosity. While it […]
Read More30 Jan, 2025
Introduced in 2017, the Goods and Services Tax (GST) was envisioned as a transformative reform to unify India’s complex taxation system under the banner of ‘One Nation, One Tax.’ For India’s Micro, Small, and Medium Enterprises (MSMEs), GST has been a double-edged sword, presenting both opportunities and challenges. While the system has simplified tax processes […]
Read More30 Jan, 2025
Amber Dalal’s Investment Fraud: What Happened? On January 23, 2025, the Enforcement Directorate (ED), Mumbai, filed a Prosecution Complaint (PC) against Amber Dalal and his firm, M/s Ritz Consultancy Services, under the Prevention of Money Laundering Act (PMLA), 2002. The Hon’ble Special Court (PMLA) in Mumbai took cognizance of the case on January 24, 2025. […]
Read More30 Jan, 2025
What is the GST Composition Scheme? The GST Composition Scheme is a simplified tax option for small businesses. Instead of paying GST at standard rates, eligible businesses can pay a fixed percentage of their turnover. This scheme reduces compliance burdens, offering an easier way to fulfill tax obligations. For the financial year 2025-26, the opt-in […]
Read More30 Jan, 2025
Tata Motors Q3 FY25 Financial Results: Mixed Performance with Profit Decline and Revenue Growth Tata Motors announced its financial results for the third quarter (Q3) of fiscal year 2025, ending December 31, 2024. The report highlights a 22% year-on-year (YoY) drop in net profit, while revenue registered a 2.7% increase. Here’s a closer look at […]
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