07 Dec, 2024
Uttar Pradesh’s Tax Revenue Surpasses ₹1.35 Lakh Crore Mark 📊 The Uttar Pradesh government has reported a robust tax revenue collection of ₹1.35 lakh crore in the first eight months (April 1 to November 30) of FY 2024-25. This figure accounts for 77.3% of the state’s target of ₹1.75 lakh crore for the period and […]
Read More07 Dec, 2024
JP Morgan’s Adani Bonds Ratings: An In-Depth Analysis JP Morgan has assigned an ‘Overweight’ rating on four Adani Group bonds, specifically focusing on three bonds from Adani Ports & SEZ and one from Adani Electricity Mumbai Limited. The ratings come amid mixed market sentiment, volatility, and ongoing investigations. Why JP Morgan Sees Potential in Adani […]
Read More07 Dec, 2024
HC Remands Case Due to Non-Speaking Order in GST Dispute In a recent case, the Madras High Court remanded a GST mismatch dispute, highlighting that a non-speaking order violated principles of natural justice. The petitioner, a works contractor, faced allegations of a ₹42.86 crore mismatch between turnover declared in VAT returns and GSTR-9B. The court […]
Read More06 Dec, 2024
The Reality of F&O Trading: A Risky Bet Retail traders often enter the Futures and Options (F&O) market, lured by the promise of high returns. However, the data paints a stark reality: 95% of F&O traders incur losses, primarily due to lack of expertise, emotional trading, and advanced AI-driven algorithms that dominate the trading space. […]
Read More06 Dec, 2024
October Tax Decline: Corporation and Personal Tax Impact October 2024 witnessed a significant dip in corporation and personal income tax collections, primarily due to economic cycles and the festival season’s impact. Corporation tax fell 16% YoY to ₹26,356 crore, while personal income tax dropped 12% YoY to ₹61,937 crore. This resulted in an overall 11.9% […]
Read More06 Dec, 2024
Vishal Mega Mart and MobiKwik: Exciting IPOs in December 2024 India’s IPO market is buzzing with excitement as Vishal Mega Mart IPO and MobiKwik IPO prepare to open for subscription this December. These two major launches are drawing attention for their scale, strategic moves, and potential returns for investors. Vishal Mega Mart IPO 1. Issue […]
Read More06 Dec, 2024
The Reserve Bank of India (RBI) has announced its decision to maintain the repo rate at 6.5%, aligning with its inflation-targeting framework and economic stability goals. The announcement comes amidst widespread speculation about potential rate hikes due to global economic conditions and domestic inflationary pressures. What is the Repo Rate? The repo rate is the […]
Read More06 Dec, 2024
Is a 35% GST Slab the Right Move? Insights from Experts The GST Council is set to discuss a Group of Ministers’ (GoM) proposal to introduce a special GST rate of 35%, targeting tobacco products, aerated beverages, and other luxury goods. Currently, most of these items fall under the 28% GST slab, with additional cess […]
Read More06 Dec, 2024
Madras HC Ruling Strengthens GST Authorities’ ECL Blocking Powers In a landmark judgment, the Madras High Court reinforced the authority of State Goods and Services Tax (GST) officials to block the electronic credit ledger (ECL) of businesses accused of fraudulent input tax credit (ITC) claims. The court emphasized that this action is within the purview […]
Read More06 Dec, 2024
Introduction: Will GST Cuts Make Insurance Affordable? Reducing GST rates on health and life insurance policies is a much-discussed move that could potentially ease financial burdens on policyholders. However, many industry experts argue that slashing GST alone won’t resolve affordability issues unless insurers are allowed Input Tax Credit (ITC) benefits. Without ITC, operational costs for […]
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