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DISCRETIONARY SERVICE CHARGE
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...- UPI MDR bonanza: Why Paytm may win bigger, but Pine Labs could gain fasterPaytm and Pine Labs stand to benefit from the new UPI MDR framework, but the impact could differ sharply. Paytm has a larger absolute reven...
- Why are Registered Investment Advisers so rare in India? The big reason may surprise investorsIn the Indian investment landscape, a stark difference exists between mutual fund distributors who earn commissions and fee-only advisors w...
- Nifty 30,000 target still on track; why Elara’s Harendra Kumar prefers IT, power and smallcapsWe are telling people that this is the right time to look at the market constructively. Historical evidence suggests that this is the time ...
- Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law saysSeverance pay received under a voluntary retirement scheme is not always taxable for all employees; Know why and what the tax law says
- From coffee to cars: Inside the Tata empire as its chairman steps downN Chandrasekaran will leave Tata Sons as chairman after failing to secure board approval for his reappointment, amid tensions with Tata Tru...
- Noida’s next industrial expansion needs land, faster approvals, and better logisticsNoida has the potential to serve the entire state if logistics infrastructure is properly integrated, say stakeholders.
- After making inroads into healthcare, private equity players are targeting India's schoolsAs private equity firms turn their attention to India's school education sector, they are adopting innovative investment strategies. By foc...
- No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
- Cognizant logs marginal dip in Q2 net, revenue rises 4.5%The Nasdaq-listed company revised its full year revenue forecast to $22.04-22.35 billion, implying 4.4-5.9% growth (4.0-5.5% in constant cu...
- Sebi proposes Rs 25 lakh mutual fund-only PMS: What it means for investorsIndia's securities regulator is proposing major changes to portfolio management services. A new category will lower the minimum investment ...
- EPFO paid lesser EPS money than what was shown in passbook; Consumer commission orders it to pay Rs 1000 compensation and 9% interestEPFO underpaid school employee's EPS; he files case and wins in consumer commission as commission ruled that the correct factor for his per...
- Explained: Sebi proposes MF-PMS framework model with entry fee at Rs 25 lakh. Who stands to benefit?SEBI has proposed a major revamp of the Portfolio Management Services (PMS) framework, including the launch of a new mutual fund-only PMS (...
- TCS Q1 net rises 5% to Rs 13,349 crore, revenue up 14% on BFSI business liftIndia's largest software services firm on Thursday reported a net profit of Rs 13,349 crore for the April-June quarter.
- Portfolio management services explained: How PMS works, its types, costs, and who should investIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
- Ministry reaches out to PMO for clarity on service chargeThe department of consumer affairs had said earlier that service charge which is usually part of the bill at hotels and restaurants, was ma...
- AAP govt asks eateries to display on premises 'Service charge is voluntary'Consumer Affairs Ministry had made it clear that service charge on a food bill was not compulsory and a customer can choose to have it waiv...
- Service charge: Don’t eat if you don’t want to pay, says restaurants’ bodyThe government had clarified that the authorities could act against those levying a service charge without the knowledge and consent of con...
- Service charge by hotels and restaurants not mandatory: GovernmentCentre has asked State govts to sensitize companies, hotels & restaurants to disseminate info that service charges are discretionary/volunt...
- 'Hotels should ask customers before levying service charge'The Consumer Affairs Ministry will soon issue an advisory to all states asking them to take effective steps and remind consumers of their r...
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