The Lucknow bench of the GST Appellate Tribunal has quashed a Rs 63.72 lakh penalty, emphasising that procedural lapses such as delayed e-invoice generation do not necessarily indicate tax evasion, in a landmark ruling that clarifies enforcement standards. The Lucknow…
While some Indian trade associations advocate for a strike on 2 October to protest proposed merchant discount rates on UPI transactions, others backtracked after discussions with Finance Minister Nirmala Sitharaman, highlighting a divided stance on the issue. Plans for a…
The launch of Ultravolt by Aditya Birla Group, backed by a Rs 1,800 crore investment, is shaking up India’s wires and cables sector, challenging established players with its extensive distribution network and ambitious growth plans. Aditya Birla Group’s entry into…
Adani Airport Holdings’ recent rupee bond offering, with an 8.15% yield and quarterly payouts, is drawing attention for its attractive terms amidst a rising appetite for medium-term fixed-income investments. Adani Airport Holdings Limited has a rupee bond on offer that…
The PFRDA is deploying innovative digital tools, including comparison calculators and AI systems, to better guide and inform the majority of NPS investors who prefer default options, as the scheme’s subscriber base continues to grow rapidly. Most National Pension System…
Despite AI-driven gains, Australian and US shares faced declines amid rising bond yields and energy costs, highlighting underlying economic challenges and market concentration risks. Artificial intelligence remained the market’s main support in September, but it was not enough to hide…
A Vadodara businessman reports a Rs 90,000 loss following a suspicious branch visit where staff allegedly prompted him to update his bank app, raising concerns over digital banking vulnerabilities. A Vadodara businessman has filed a police complaint after claiming that…
India’s labour market demonstrated renewed strength in August, with increased participation and a dip in unemployment, driven by growth in informal and formal sectors amid ongoing economic recovery. India’s labour market showed fresh signs of resilience in August, with participation…
From October 2026, resident individuals and Hindu Undivided Families buying property from non-resident sellers will be able to use their PAN for TDS compliance, streamlining the process while maintaining tax obligations. From 1 October 2026, resident individuals and Hindu Undivided…
The Patna High Court has directed Central GST and Customs officials to refund a taxpayer Rs 1.24 lakh paid twice in pre-deposit, along with 12% interest and costs, highlighting issues in administrative procedural lapses and judicial intervention in tax disputes.…
