Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee de...
Stocks in news: ITC, LIC, Sun Pharma, Maruti Suzuki, Fino Payments BankBenchmark indices experienced a negative close on Thursday, marked by volatile trade and profit booking. Analysts anticipate the Nifty to c...
ITC Infotech and InsureMO partner to bring AI-driven insurance modernisation to West Asia, Africa, and IndiaAlliance combines ITC Infotech's agentic AI framework with InsureMO's over 2,500 insurance APIs, enabling carriers to deploy intelligent au...
Maharashtra reduces VAT on jet fuel from 18% to 7%Aviation Turbine Fuel tax cut in Maharashtra offers relief to airlines. The state government reduced Value Added Tax to 7% from 18% until N...
Navneet Munot, Nilesh Shah and Kalpen Parekh caution investors against chasing unrealistic returnsTop mutual fund managers at the Groww India Investor Festival 2026 advised investors to avoid unrealistic return expectations, emotional in...
Gurugram sessions court grants a 7-day remand to Punjab Minister Sanjeev AroraPunjab Minister Sanjeev Arora was remanded for seven days by a Gurugram court following his arrest by the Enforcement Directorate in a Rs 1...
ED arrests Punjab minister Sanjeev Arora in Rs 100 crore money laundering caseThe Enforcement Directorate (ED) on Saturday arrested Punjab minister Sanjeev Arora in connection with an ongoing Rs 100 crore money launde...
Bardhaman’s potato economy in focus as farmers weigh choices amid Bengal pollsIn Purba Bardhaman, potato farmers face price caps, weak markets and migration woes. As elections near, discontent simmers, but TMC still a...
GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
GSTN launches offline Excel-based utility to boost Invoice Management System for greater accuracy in ITC claims; Here’s how it can helpGSTN has launched a new offline Excel utility for its Invoice Management System (IMS), aiming to boost accuracy in Input Tax Credit (ITC) c...
DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...
Apple defeats bid for new Apple Watch import ban at US trade tribunalA US trade tribunal ruled for Apple on Friday against a bid from medtech company Masimo to reinstate an import ban on the tech giant's Appl...
Fake ITC claims detection by central GST officers up 51 pc at Rs 36,374 cr in FY24Detection of fake input tax credit (ITC) claims by central GST officers rose 51% to Rs 36,374 crore in 2023-24, Parliament was informed. In...
Fake ITC Claim of Rs 180 Crore: Karnataka’s GST authorities detect 100 bogus firms, arrest mastermindKarnataka's Commercial Taxes Department, in collaboration with Kerala State GST authorities, has arrested Mohammed Siddiq for his role as a...
GST: As taxman intensifies drive against bogus ITC claims, it's not just fake cos that are sufferingITC refers to GST credit for tax paid while buying goods or services to be used for business. One example of ITC is the GST paid on raw mat...
GST officers bust 304 syndicates involving Rs 25,000 crore fake ITC claimsIn an ongoing drive against bogus firms, GST officers have busted 304 syndicates involving 9,000 fake GST identification numbers (GSTINs) a...
Rising complications for corporates in ITC claims under GSTThe changes in ITC rules have added responsibilities on businesses to reconcile and communicate with vendors more often. Businesses must ta...