Tax authorities have reduced the combined principal GST demands against Dream11 operator Sporta Technologies, Gameskraft Technologies and Play Games24x7 from about INR702.1 billion to INR173 billion after recalculating liabilities using player deposits. Indian tax authorities have sharply cut the principal…
India’s markets regulator will introduce a 10-minute closing auction and new VWAP-based expiry settlements from 7 December 2026, aiming to strengthen price discovery and curb late-session manipulation. India’s markets regulator has overhauled the way the stock market closes, introducing a…
Kotak Mahindra, UTI and HDFC mutual funds have halted bulk subscriptions to gold exchange-traded funds ahead of Dussehra and Diwali, amid concerns that seasonal demand could widen India’s import bill and pressure the rupee. Several large Indian mutual fund houses…
India’s tax authorities are considering wide-ranging changes to Goods and Services Tax administration, including tighter limits on arrest powers, higher prosecution thresholds, faster refunds and fewer manual checks. India’s tax authorities are preparing a broad easing of Goods and Services…
A Delhi High Court ruling and action against 41 restaurants reinforce that service charges in India are voluntary, not an automatic levy that diners must pay. For diners across Goa, the small-print item at the bottom of a restaurant bill…
A new 30-day filing requirement for service exports is forcing technology and consulting firms to link invoice, treasury and compliance systems more closely, while early payment can trigger an even earlier deadline. Indian technology and consulting firms are being pushed…
New SEBI rules will require nomination or an opt-out declaration for single-holder mutual fund folios opened from 1 September 2026, while online updates and up to three nominees simplify the transfer process. A mutual fund folio is not just an…
Employers now have until 31 October to submit September 2026 ECR filings and make statutory payments, following the rise in the mandatory EPF wage ceiling from Rs 15,000 to Rs 25,000. The Employees’ Provident Fund Organisation has given employers more…
IRDAI chairman Ajay Seth says proposed commission caps will be introduced through an orderly transition, as brokers warn the reforms could disrupt established sales models. India’s insurance regulator is signalling that it wants to phase in its proposed overhaul of…
A mistaken UPI transfer is not automatically reversible, but reporting it immediately through the payment app and bank can improve the chances of recovering the funds. Sending money through UPI has made everyday payments quicker, but a single hurried tap…
Passengers buying eligible tickets at railway reservation counters will be able to access optional insurance from 27 October, matching cover already offered through IRCTC’s digital platforms. Indian Railways is set to extend its optional travel insurance scheme to passengers buying…
The Income Tax Department is challenging a tribunal ruling that allowed Ansal Theatre & Clubotels to deduct compensation and legal costs linked to the Uphaar tragedy. The Delhi High Court has issued notice to Ansal Theatre & Clubotels in an…
