On August 5, 2024, it was clarified in the Lok Sabha that there are no specific tax incentives or waivers currently in place for the fintech sector in India. The government’s policy focuses on phasing out existing exemptions and simplifying the tax structure. While there are no special incentives for fintech companies, corporate tax rates […]
RBI issues draft circular on regulatory principles for managing model risks in credit. Comments invited by Sept 4, 2024. Key guidelines for robust credit risk management.
Mantle Solutions Pvt Ltd faces penalties for failing to file BEN-2 form under Section 90(4) of the Companies Act. Maximum fine of Rs. 5,00,000 imposed.
New GST registration update for Jammu & Kashmir and West Bengal: Biometric Aadhaar authentication and document verification details effective August 2, 2024.
GST Advisory: TCS rate reduced to 0.5% from 1% effective 10/07/2024. Learn about the transition period and GSTR-8 filing updates.
IRDAI directs insurers to expedite claims for Wayanad landslides, with specific guidelines for response, claim processing, and communication.
The GST AAAR Andhra Pradesh ruling confirms that seat covers are accessories under HSN 8708, not ‘seats’ under HSN 9401, maintaining the classification.
AAR Odisha confirms GST on supplementary invoices for works contracts executed before 18/07/2022 is 18%, overriding previous 12% rate due to recent amendments.
Explore the Competition Commission of India’s ruling on Gubba Cold Pvt Ltd vs. Vishakapatnam Port Logistics Park Ltd. Key issues, analysis, and conclusion discussed.
AAAR Maharashtra rejects Puranik Builders’ GST rectification request, affirming the need to refund excess GST to customers as per the ruling.
