20 May, 2025
Intro Paragraph:Fake ITC claim cases continue to plague India’s GST system. In a recent crackdown, the State Taxes Department in Udhampur exposed yet another fraudulent registration and recovered a penalty of ₹7.04 lakh. Here’s what taxpayers and consultants must know to stay compliant and alert. What Happened in the Udhampur ITC Fraud Case? The State […]
Read More20 May, 2025
India Launches Digital Platform for Trade Remedy Filings The digital platform for trade remedy submissions is now officially live — a major step by the Directorate General of Trade Remedies (DGTR) under the Ministry of Commerce. This initiative promises faster, transparent, and paperless handling of anti-dumping, safeguard, and countervailing duty cases. Here’s what Indian exporters, […]
Read More19 May, 2025
GST on Cooperative Societies ₹20 Lakh Turnover Rule Explained Cooperative societies are not automatically exempt from GST. If their annual aggregate turnover crosses ₹20 lakh (₹10 lakh for special category states), they must register and comply under GST, even if their activities appear non-commercial. Let’s break down what the law says, which services are taxable, […]
Read More19 May, 2025
How New Import Curbs on Garments Could Impact Indian Traders In a recent move to curb non-essential imports and support the domestic textile industry, India is likely to impose stricter garment import curbs, particularly targeting shipments from Bangladesh. While this may help local manufacturers, it could also raise input costs for many Indian MSMEs and […]
Read More19 May, 2025
Intro:Tamil Nadu’s own tax revenue grew by 7.6% in FY 2024-25, as per the provisional accounts released by the state government. This steady growth, amid inflation and central fund delays, signals a shift in Tamil Nadu’s fiscal strategy. Here’s what this means for businesses, taxpayers, and state finances. What’s Behind the 7.6% Growth? The state’s […]
Read More19 May, 2025
India’s State Capex Growth Falls to 9% in FY25 What It Means for Taxpayers and Businesses India’s states’ capex growth decelerated to just 9% in FY25, down sharply from 27% in FY24. This moderation reflects fiscal prudence, election-related spending pause, and weaker tax buoyancy. A recent analysis of 16 major states—together contributing 85% of India’s […]
Read More19 May, 2025
ITI Upgradation Scheme 2025 ₹60,000 Cr Investment to Boost Skill Development The ITI Upgradation Scheme 2025 is set to revamp India’s industrial training ecosystem.With a planned investment of ₹60,000 crore, the initiative targets 1,000 Industrial Training Institutes (ITIs) over a five-year period, aligning vocational education with real-world industry needs. Key Features of the ITI Upgradation […]
Read More19 May, 2025
Karnataka’s ₹1.2 Lakh Cr Tax Goal What It Means for Businesses In a bold move, Karnataka CM Siddaramaiah has set a commercial tax collection target of ₹1.2 lakh crore for FY 2025–26. This record goal is part of the state’s fiscal strategy to expand public welfare and infrastructure through increased tax revenue. But what does […]
Read More19 May, 2025
SION A-1303 Amended What Chemical Exporters Need to Know The Directorate General of Foreign Trade (DGFT) has amended the Standard Input Output Norms (SION) under entry A-1303, which governs the export norms for chemical products. This update impacts exporters dealing with Triethanolamine (TEA) — a key industrial chemical. Let’s simplify what this change means and […]
Read More19 May, 2025
IntroductionApple’s AI journey, especially with Siri, highlights a key lesson: even tech giants can fall behind. Siri’s failure to become a true “do engine” — despite Steve Jobs’ vision — is a wake-up call for India’s digital ambitions, especially in government tech, AI, and startup ecosystems. This blog decodes Apple’s internal AI setbacks and what […]
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