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GOODS AND SERVICES TAX COMPENSATION FUND
PPI vs WPI: What is Producer Price Index and why will it replace Wholesale Price Index in India?India is phasing out the Wholesale Price Index for a new Producer Price Index. This shift aims to capture prices closer to the factory gate...- UTI AMC's V Srivatsa warns against midcap valuation, says risk-reward better in largecapsThe mid cap also is expected to grow in similar lines and trades at 50% premium to large caps. While the longer-term outlook for mid cap is...
- What is Andy Burnham's policy approach for Britain?Andy Burnham has taken on the role of Prime Minister of Britain, emphasizing a major shift in power dynamics through decentralization. Amon...
- Techie, who once paid Rs 1 crore tax, breaks down on X after lay off: ‘Thank you…’A tech professional recently took to X to lament the country’s pitiable social security system. He said that even though, once he paid Rs 1...
- NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...
- Punjab National Bank scouting for partner to build its M&A financing portfolio: CEOPunjab National Bank is seeking a partner for its merger and acquisition financing portfolio. The bank aims to gather $2.5 billion in speci...
- Chinese company demands compensation from the UK over British Steel nationalizationChina’s Jingye Group has demanded compensation from the UK after British Steel was nationalised, warning it may pursue international arbitr...
- Bought Maggi from Vishal Mega Mart, ended up in hospital: Consumer court slaps retailer with Rs 2.8 lakh penaltyA retail giant faced a significant penalty after selling expired Maggi noodles. The consumer commission ordered Vishal Mega Mart to pay a s...
- Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him reliefEmployee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and g...
- Consumer commission awards man Rs 17,727 refund, Rs 10,000 compensation after domestic help leaves midwayA Chandigarh consumer commission ordered a domestic help agency to refund Rs 17,727. The agency also must pay Rs 10,000 compensation for fa...
- Best arbitrage mutual funds to invest in July 2026Arbitrage funds offer investors potential after-tax returns for longer investment periods. These funds exploit price differences between ca...
- Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...
- World's first angry customer: How, nearly 4,000 years ago, a man complained about poor-quality copper on a clay tablet and created history's oldest customer complaintWorld's first angry customer: A 4,000-year-old clay tablet is believed to record the world's oldest known customer complaint from ancient M...
- RedBus, travel co ordered to pay Rs 10,000 compensation after man's Rs 600 ticket was cancelled 17 minutes before departureA consumer commission found RedBus and Bharmani Travels jointly responsible for a cancelled bus ticket. The complainant's ticket was cancel...
- India Cost Inflation Index at 384 in FY27, up from 376 a year earlier, CBDT notifiesIndia's Central Board of Direct Taxes has set the Cost Inflation Index at 384 for the financial year 2026-27. This index is pivotal in gaug...
- Amazon delivered wrong shoes and denied refund: Kerala customer wins nearly Rs 10000 payoutA Kerala consumer commission has ordered Amazon to refund Rs 1,945.30 and pay Rs 8,000 as compensation to a Kannur engineer who ordered bla...
- Input tax credit relief for companies on staff cars, insurance likelyCompanies may soon claim input tax credit on employee vehicles. Group health and life insurance policies for staff are also included. The G...
- Online gaming firms move Supreme Court to review 28% GST verdictOnline gaming firms have asked the Supreme Court to review its recent judgment. This judgment upheld the 28% Goods and Services Tax on the ...
- US judge declares Trump's tax deal 'improper', leaving future financial implications unclearA US judge on Monday voided a settlement between Donald Trump and the Internal Revenue Service giving the president and his allies sweeping...
- GST Tax officer can allege fraud first and prove it later, Rules Madras High Court; Why this matters to every taxpayerGST officers can now issue fraud notices with a reasonable basis. Proof of fraud is not required at the initial notice stage. Businesses mu...
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