10 Dec, 2024
In the ongoing battle against Goods and Services Tax (GST) fraud, GST officers have unearthed a massive Input Tax Credit (ITC) evasion worth ₹35,132 crore involving 17,818 fake firms. This discovery, reported for April-October FY 2024-25, underscores the extent of fraudulent activities plaguing the GST system. Minister of State for Finance Pankaj Chaudhary revealed this […]
Read More09 Dec, 2024
Bitcoin Surpasses $100K: What’s Driving Mainstream Adoption? Bitcoin’s milestone of crossing $100,000 marks a new chapter in the mainstream adoption of digital currencies. This surge in Bitcoin’s value is the result of a combination of favorable political developments and increased institutional interest, giving digital assets a more secure footing in global finance. 📈 Pro-Crypto Policies […]
Read More09 Dec, 2024
Biometric Aadhaar Verification for GST Registration: Key Advisory The GST registration process just got an update for applicants from Haryana, Manipur, Meghalaya, and Tripura. To ensure authenticity, the GST Network (GSTN) has introduced biometric Aadhaar verification and document verification during registration. Here’s a simplified breakdown of the advisory and the steps you need to follow. […]
Read More09 Dec, 2024
Understanding the Gauhati HC’s Ruling on GST DRC-01 Summaries In a significant judgment, the Gauhati High Court has clarified that the Summary of Show Cause Notice (SCN) issued via Form GST DRC-01 cannot replace the legally required SCN under Section 73(1) of the CGST Act. This ruling protects taxpayers’ rights and ensures due process is […]
Read More09 Dec, 2024
GST and State Fiscal Crisis: A Looming Threat to Federalism The GST state fiscal crisis has increasingly strained the financial autonomy of Indian states. While GST was introduced in 2017 as a unified tax regime promising efficiency and revenue growth, the reality for state governments tells a different story. Revenue Shortfalls and GST Realities Despite […]
Read More09 Dec, 2024
GST Impact on Beedi Industry: Balancing Tax and Livelihoods The GST impact on beedi production has severely disrupted rural livelihoods in India. Since the implementation of GST in 2017, beedis have been classified under the highest tax slab of 28%, affecting over 4 million workers—most of whom are women. Small-scale manufacturers face higher costs, reduced […]
Read More08 Dec, 2024
📊 Earnings and Inflation Trends in 2024: Insights for Investors India’s economy in 2024 is facing significant challenges, driven by slowing growth and rising inflation. Understanding these dynamics is crucial for investors and businesses to navigate the financial landscape effectively. Let’s explore the latest earnings and inflation trends and what they mean for the economy. […]
Read More08 Dec, 2024
Bribery Trends in Indian Businesses: Key Findings and Insights Corruption remains a persistent challenge in India’s business ecosystem. According to a 2024 survey by LocalCircles, 66% of businesses across 159 districts admitted to paying bribes to access essential government services. This alarming figure highlights the hurdles many organisations face despite efforts to improve transparency. Why […]
Read More07 Dec, 2024
4o ED PMLA Search Seizes Properties Linked to Manoj Parmar On 5th December 2024, the Enforcement Directorate (ED), Bhopal Zonal Office, carried out a major ED PMLA search across four premises in the Sehore and Indore districts of Madhya Pradesh. This operation was part of an investigation into Manoj Parmar and associates under the Prevention […]
Read More07 Dec, 2024
Two Stock Market Scams Exposed: Protect Your Investments The Indian stock market offers tremendous opportunities for wealth creation. However, it also harbours traps that can wipe out your savings. Recent investigations by SEBI have uncovered two alarming stock market scams that fooled thousands of investors. Let’s break down these scams so you can stay alert […]
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