The Reverse Charge Mechanism (RCM) shifts GST liability from the supplier to the recipient for specific goods and services, helping to prevent tax evasion.
India has introduced a new 40% GST tax on “sin goods” like tobacco, fast food, and luxury items to reduce consumption and increase government revenue.
Following the Hindenburg report on the Adani Group, SEBI has introduced stricter rules for foreign portfolio investors to increase transparency and combat hidden ownership.
The Sikkim High Court has ruled that businesses cannot get a refund of unutilized GST Input Tax Credit upon closure, citing statutory limitations.
Tokenomics is the economic design of a cryptocurrency. It provides clarity and transparency for investors and startups in Initial Coin Offerings.
The Delhi High Court has ruled that Jurisdictional Assessing Officers can still issue reassessment notices despite the faceless scheme. Other High Courts differ.
SEBI amends rules for large issuers, allowing lower minimum public offers and extended timelines to meet public shareholding norms.
The Bombay High Court ruled on a hospital’s TDS obligations for consultant doctors and equipment maintenance contracts, upholding the professional status of doctors while remanding the AMC issue.
Understand how car depreciation works and why buying a used car can be a financially sound decision, saving you money on your next vehicle purchase.
The Department of Consumer Affairs has simplified rules for revising retail prices on unsold stock due to GST changes, waiving newspaper ads for a sticker system.
