A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments when issuing a credit note. This change aims to prevent revenue leakage and double tax benefits. The amendment could face legal challenges as…
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During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds.
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The Union Budget 2025 tightens tax regulations for NRIs, including students and professionals abroad, increasing scrutiny on foreign income, residency status, and financial transfers. Expanded reporting requirements and potential tax treaty revisions may lead to higher compliance burdens and risks…
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Volkswagen has challenged a $1.4 billion tax demand by Indian authorities, arguing it contradicts New Delhi’s car part import taxation rules. The dispute jeopardizes Volkswagen’s $1.5 billion investments in India. Authorities allege the company imported cars in unassembled parts to…
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India and other nations face significant economic and social challenges as birth rates decline dramatically, leading to aging populations and fewer young workers. The global fertility rate has plummeted since 1950, and major economies like China and Japan will see…
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India is projected to add $383 billion to its GDP in 2025, a significant single-year increase. Despite this growth and a higher growth rate compared to China, India’s GDP will still lag far behind China’s $1.26 trillion addition due to…
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