29 Nov, 2024
What’s Brewing for Natural Gas Under GST? The December 21st GST Council meeting in Jaisalmer, Rajasthan, may finally set the stage for levying GST on natural gas. This significant move, pending for years, could bring natural gas under a unified tax regime, replacing the current Central Excise Duty and VAT system. While it has been […]
Read More29 Nov, 2024
A Major Discovery in the Fight Against Tax Evasion In a bold step against tax evasion, India’s Income Tax Department has unearthed over 500 actionable cases of undisclosed properties owned by Indians in Dubai. These properties, tied to unaccounted transactions exceeding ₹700 crore in Delhi alone, highlight the scale of hidden wealth and the government’s […]
Read More29 Nov, 2024
A Major Shake-Up in NSE Derivatives Trading! Starting November 29, 2024, the National Stock Exchange (NSE) will introduce 45 new stocks to its Futures and Options (F&O) segment. This expansion is a significant milestone, marking the first inclusion of new stocks in the segment since January 2022. The list includes major companies like Zomato, Life […]
Read More29 Nov, 2024
Zomato Secures ₹8,500 Crore Through QIP: A Strategic Leap Forward Zomato, the Indian food delivery giant, has successfully raised approximately ₹8,500 crore (around $1 billion) through a Qualified Institutional Placement (QIP). This marks its first major fundraising since its IPO in 2021. With fierce competition in the quick-commerce sector, this move sets the stage for […]
Read More29 Nov, 2024
Enviro Infra Engineers IPO: Market Reactions and Investor Strategies Enviro Infra Engineers is making waves in the market with its IPO. The company, renowned for designing and operating water and wastewater treatment plants, has captured the attention of investors across all categories. With a strong growth trajectory and stellar subscription rates, here’s why this IPO […]
Read More29 Nov, 2024
ED Provisional Attachment in Fraud Case: Key Details Under PMLA The Enforcement Directorate (ED) recently attached a ₹1.5 crore residential flat in Lucknow under the Prevention of Money Laundering Act (PMLA), 2002. This flat belongs to Anil Kumar Tulsiani, a director of M/s Tulsiani Constructions and Developers Pvt. Ltd., who is under investigation for alleged […]
Read More29 Nov, 2024
Alcoholic Products Inclusion The amendment modifies Section 9 to include “undenatured extra neutral alcohol or rectified spirit” used in producing alcoholic liquor for human consumption under the taxable category. This change ensures that these products are now subject to GST, aligning with the state’s revenue objectives. Extended Power to Forgive Tax A new Section 11A […]
Read More29 Nov, 2024
Understanding GST on Education Services in FY24 Did you know the government collected a whopping ₹4,792 crore as GST on education services in FY 2023-24? While core education services remain exempt, commercial training and coaching attract 18% GST. Let’s break down what’s taxable and what’s not under the Goods and Services Tax (GST) regime for […]
Read More29 Nov, 2024
In a remarkable turn of events, Adani Group stocks have rebounded following the company’s strong denial of recent U.S. bribery allegations. This development has captured the attention of investors and market analysts alike. Adani Group’s Response to U.S. Bribery Allegations On November 20, 2024, U.S. prosecutors charged Gautam Adani, chairman of the Adani Group, and […]
Read More27 Nov, 2024
Are Gold Saving Schemes Legal in India? Gold saving and deposit schemes have long been a popular financial tool for jewellers and customers alike. However, the advent of the Companies (Acceptance of Deposits) Rules, 2014, brought stricter regulations, forcing many businesses to rethink their offerings. What makes these schemes legal or illegal under Indian law? […]
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