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Understanding RCM on Commercial Rent: Key Updates for GST Compliance

10 Jan, 2025

IntroductionThe recent Notification No.09/2024 – Central Tax (Rate) has reshaped the tax landscape for renting of commercial properties. It introduces significant implications under the Reverse Charge Mechanism (RCM). This blog simplifies these updates, highlighting their impact on various tenant-owner scenarios. Whether you’re a registered taxpayer, a composition dealer, or unregistered under GST, understanding these changes […]

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🎮 GST Controversy: Online Gaming Companies in Supreme Court

10 Jan, 2025

The GST Conundrum for Online Gaming Companies The Supreme Court is set to address a pivotal issue impacting the booming online gaming industry in India. Gaming companies have filed a plea seeking a stay on GST demands, urging relief against adverse actions by tax authorities, such as account freezes and recovery notices. This legal battle […]

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United Spirits Faces ₹1.13 Crore GST Demand: Key Takeaways for Businesses

10 Jan, 2025

The GST Challenge for United Spirits United Spirits Limited (USL), a subsidiary of global spirits giant Diageo, recently faced a significant GST demand notice worth ₹1.13 crore from the Kerala government. The demand, covering the period between September 2017 and March 2020, was issued under the Reverse Charge Mechanism (RCM) for establishment charges paid to […]

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GST Portal Glitches and Infosys Scrutiny

09 Jan, 2025

GST Portal: An Overview of Persistent Challenges The Goods and Services Tax (GST) portal, a critical infrastructure managed by Infosys, has been under consistent scrutiny due to recurring technical issues. Despite its role in facilitating one of India’s most significant tax reforms, the portal has repeatedly faltered, causing distress to taxpayers and raising questions about […]

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Work-Life Balance or Corporate Slavery? The 90-Hour Workweek Debate

09 Jan, 2025

The 90-Hour Workweek Controversy In a recent internal interaction 90-Hour Workweek, SN Subrahmanyan, Chairman of Larsen & Toubro (L&T), ignited a firestorm of criticism with his suggestion that employees should work a 90-hour week, including Sundays, to remain globally competitive. His remarks have drawn comparisons to earlier statements by Infosys founder Narayana Murthy advocating a […]

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Tata Consultancy Services (TCS) Reports Robust Q3 FY25 Earnings Amid Challenges

09 Jan, 2025

TCS Q3 FY25 Earnings Overview Tata Consultancy Services (TCS), India’s leading IT services company, announced its Q3 FY25 financial results, showcasing a robust performance amidst mixed global economic conditions. The quarter highlighted key achievements, operational efficiencies, and market challenges, underlining TCS’s adaptability and strategic focus. Key Highlights Sectoral and Regional Performance Operational Insights Strategic Analysis […]

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Enabling Filing of Application for Rectification under Notification No. 22/2024-CT

09 Jan, 2025

The Government of India, following the recommendations of the 54th GST Council meeting, issued Notification No. 22/2024 – CT dated 08.10.2024, introducing critical updates for taxpayers dealing with Input Tax Credit (ITC) compliance issues. This notification provides relief for registered taxpayers who previously faced demands for wrongly availed ITC due to contraventions under sub-section (4) […]

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GST Policy for SaaS Platforms: A Step Toward Inclusive Mobility

09 Jan, 2025

The debate surrounding India’s Goods and Services Tax (GST) framework for ride-hailing SaaS platforms has brought critical issues into focus. Recent rulings by the Karnataka GST Advance Ruling Authority highlight the need for clarity in defining business models within the digital economy. This blog explores the implications of these rulings, how they differentiate between SaaS […]

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RBI Lifts Restrictions on Asirvad and DMI Finance: Key Takeaways for NBFCs

09 Jan, 2025

Introduction In a significant regulatory development, the Reserve Bank of India (RBI) has lifted business restrictions imposed on Asirvad Micro Finance Limited and DMI Finance Private Limited, effective immediately. These restrictions, enforced on October 17, 2024, halted loan sanctioning and disbursal activities due to concerns over pricing policies, particularly the Weighted Average Lending Rate (WALR) […]

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Surge in Refrigerant Prices Drives SRF and Navin Fluorine Stock Rally

09 Jan, 2025

Introduction The recent increase in refrigerant gas prices has sent ripples across the HVAC industry, significantly boosting the stock prices of Indian manufacturers SRF and Navin Fluorine International Limited (NFIL). With global supply constraints creating a favorable market environment, these companies are poised to reap substantial financial benefits. This blog explores the underlying market dynamics, […]

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