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GST OFFICER BRIBERY CASE
UPI MDR could cost 47.2 bps with GST for merchantsThe new framework introduces a 0.4% MDR on person-to-merchant UPI transactions above Rs 2,000, capped at Rs 300 on transactions of Rs 75,00...- Delhi new traffic challan system: 50% payment required before appeal, designated officers to dispose grievancesDelhi will soon implement a new traffic challan system for motorists. Grievance rejection will require depositing fifty percent of the pena...
- Bengaluru GST officer wanted Rs 20 lakh to close a tax case, caught taking Rs 8 lakh from businessmanA Central GST official, Mohit Pratap Singh, has been apprehended for allegedly soliciting a bribe of twenty lakh rupees from a businessman ...
- Sebi bars Kore Digital promoters over alleged Rs 541 crore revenue misstatementSebi has restrained Kore Digital and three key executives after finding prima facie evidence of misstated financials, questionable subsidia...
- MDR on UPI not imposed due to external pressure, say govt sourcesOfficials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will b...
- New UPI MDR Explained: Impact on mutual funds, brokers & investorsThe implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time contributions to mutua...
- UPI MDR may attract 18% GST; eligible merchants can claim input tax creditEffective October 15, UPI payments to merchants (P2M) above Rs 2,000 will attract a 0.4% merchant discount rate with an overall cap of Rs 3...
- UPI MDR above Rs 2,000 to attract 18% GST, merchants can claim input tax creditUPI payments to merchants above two thousand rupees will attract a zero point four percent merchant discount rate. Merchants will pay eight...
- Genpact leases 400,000 sq ft of office space at ASF Insignia, GurugramGenpact has leased 400,000 square feet of office space in Gurugram. This significant transaction occurred at ASF Insignia, marking the quar...
- SC to hear Centre’s plea against HC ruling on income tax reassessmentThe Supreme Court will hear a government appeal on Friday. This appeal challenges a High Court judgment striking down Section 147A. This se...
- Connaught Place restaurant charged Rs 80 extra as service fee without asking; GST was added on that charge too; CCPA orders it to pay Rs 10,000CCPA fined a restaurant in Connaught Place Rs 10,000 for automatically adding an Rs 80 service charge to a customer's food bill and applyin...
- Car sales jump over 30% in August as festive demand buildsPassenger car sales increased by over a third in August, reaching 439,309 units. This growth followed a decline in the previous year due to...
- ED to fast-track 10 big PMLA cases in each regionThe Enforcement Directorate aims to expedite money-laundering trials within eight months. Zonal offices will identify key cases for acceler...
- Fake IAS officer exposed by viral Vidhan Sabha vlog: How this MP woman built a convincing govt identity with fake IDs & staged photosA worrying trend has emerged as law enforcement agencies investigate several cases involving people allegedly impersonating IAS officers us...
- Global funds sour on India stocks as some cut allocation to zeroGlobal investors are reducing Indian equity exposure due to a lack of AI investment themes. Foreign portfolio ownership has fallen to a sev...
- SBI developing solution to use UPI data for checking creditworthiness of small bizState Bank of India is developing a UPI data solution for small businesses. This initiative aims to assess creditworthiness without requiri...
- IAMAI wants 5% GST dropped for app-based ridesApp-based mobility firms want GST exemption on their platforms. They argue the five percent tax applies unfairly to technology connectors. ...
- Delhi HC acts big on fake GST registrations, rules no GST registration without biometric-based Aadhaar authenticationIn light of many fraudulent GST registrations, the Delhi High Court has ruled that no Goods and Services Tax (GST) registration can be obta...
- Subhash Chandra Garg cherry-picking figures from two different bases: CBICGarg, who has been at the centre of the recent controversy over the government's GDP growth estimates, had questioned the Centre's claim of...
- Porn may be legalised and taxed in Ukraine as new bill aims to generate $25 million to fund the war against RussiaUkraine is weighing a bill that could legalise and tax its pornography industry, with lawmakers estimating it could generate up to $25 mill...
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