Rebel Foods, an online restaurant startup, secured $210 million in funding led by Temasek, valuing the company at $1.4 billion. The company plans an IPO within two years and aims to expand its network of dark kitchens from 450 to…
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The Mumbai ITAT upheld a taxpayer’s right to offset short-term capital losses against long-term gains, reducing tax liability. The tribunal rejected the tax department’s claim of a ‘colourable device,’ stating the Mindtree share sale, though timed after a bonus issue…
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In a regulatory filing, Mahindra Lifespace Developers Ltd said the “company has received order from the Office of the Assistant Commissioner of State Tax, Chengalpattu, Assessment Circle Tamil Nadu, GST imposing tax demand along with interest and penalty.”
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Payment gateway operators are urging the finance ministry to reconsider an 18% GST levy on commissions from small-value digital transactions (up to ₹2,000). They argue that passing this tax burden onto merchants will hinder the growth of digital payments, especially…
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West Bengal Finance Minister Chandrima Bhattacharya presented the state’s GST Amendment Bill, aligning with GST Council recommendations. She highlighted the state’s influence in the council and dismissed BJP opposition as politically motivated. The amendments aim to benefit small businesses, while…
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India’s labor secretary encouraged businesses to use the new ELI scheme. The scheme offers incentives for hiring more manufacturing workers. It aims to boost formal employment and job creation. India’s growing working-age population will help address global labor shortages. The…
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