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Chewing gum is not an eatable item says Gujarat HC: Bubble gum is not swallowed hence it attracts higher 12.5% tax, rules courtGujarat High Court has ruled that chewing gum cannot be classified as an edible sweet or sweetmeat under state Value Added Tax provisions b...- IRDAI may allow transition period for insurance fee capIRDAI Chairman Ajay Seth said the regulator is examining industry feedback on a consultation paper that is open until October 25, while mai...
- From paneer to pizza, FSSAI puts India’s ₹200 lakh crore consumer boom to the test. Who pays?The FSSAI's escalated enforcement in consumer sectors in India has led to increased compliance costs for companies. Many brands are now ree...
- GST Council proposes 2% TDS on scrap dealsThe proposed levy covers plastic waste, discarded tyres, electrical and electronic scrap, and used cooking oil. Under the framework, regist...
- India's GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing businessIndia's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and...
- GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
- ‘Emerging Markets’ is Obsolete: India, Taiwan and South Korea no longer fit neatly in the same boxCurrent classifications distinguishing between emerging and developed financial markets fall short of accuracy, as illustrated by South Kor...
- Product's form at sale, not end use, will determine tax rate: Supreme CourtThe Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its ...
- Domestic steel demand to rise; in talks with the Netherlands government over steel production: Tata Steel CEOTata Steel CEO T V Narendran stated that domestic steel demand is expected to grow 8-10% in the coming months. He mentioned positive signs ...
- Physical AI startups moot industry body to set data-collection standardsThe proposed body could also help AI labs connect with various farms, factories, hotels and other real-world environments from where they c...
- Stocks in news: HDFC Bank, Infosys, Yes Bank, Hindustan Zinc and RVNLIndian equities continued their downward trend due to rising global bond yields and high crude oil prices. The Nifty 50 fell by 198.50 poin...
- Granular district data on unincorporated sector will help create plans to raise productivityIndia’s unincorporated sector is highly concentrated but varies sharply across districts, according to the first district-level estimates f...
- ‘Cash flow statement can't lie’ is the most expensive assumption in the stock market. That number can be dressed up tooThe cash-flow statement is supposed to be honest, the place you see whether a company is really making money or merely reporting it. But a ...
- Asian Games: Nethra Kumanan wins bronze in women's dinghy to secure India's third sailing medalNethra Kumanan secured a bronze medal in the women's dinghy event at the Asian Games 2026. Indian sailors previously achieved multiple meda...
- Foodgrain target for 2026-27 cut to 374 MT amid El Nino concernsThe Centre has also assured states of adequate availability of fertilisers, certified seeds and financial resources for the 2026-27 rabi se...
- Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giant...
- IIP growth comes in at 8% in August compared with 7.4% in JulyManufacturing set a record by growing at 8% or more in the past three consecutive months.
- Vitruvias Therapeutics thyroid tablet recall gets FDA’s highest-risk rating - here’s what to check and what patients need to knowA thyroid medicine recall has received the FDA’s highest-risk classification after testing found one lot of Thyroid Tablets, USP 30 mg coul...
- Cinematographic film not IT software under GST: HC; quashes Rs 79 cr tax demand on Karan Johar firmsBombay High Court maintained that a cinematographic film is not IT software under GST law regardless of its method of delivery. The court s...
- Godzilla Minus Zero becomes first film in franchise to get 'R' rating: Who can watch it?Set for release in November, Godzilla Minus Zero is the sequel fans have been eagerly awaiting after the success of Godzilla Minus One. Thi...
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