The Custom Excise and Service Tax Appellate Tribunal in New Delhi overturned a CGST Jodhpur decision, granting the state petroleum department relief in a Rs 6,315 crore service tax case. This decision was based on clarification that states’ mining rights…
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The CBDT has instructed Income Tax Department officials to exercise diligence when issuing scrutiny notices to taxpayers, ensuring all queries are relevant and specific. Region heads are tasked with supervising assessing officers, emphasizing justified questions and avoiding irrelevant inquiries. Assessment…
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India and Oman have updated their double taxation avoidance agreement, broadening the scope of permanent establishment to include digital and service activities. The revised agreement lowers withholding tax rates on certain payments and introduces a Principal Purpose Test to prevent…
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India’s workforce is large, but investment is lacking. Private sector expansion is low. Banks are less exposed to key industries. The Reserve Bank of India is trying to boost lending. Tycoons are distracted by their own issues. Smaller companies are…
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In an exciting move for the logistics sector, hyperlocal startup Shadowfax is gearing up to confidentially submit its draft prospectus for an IPO with SEBI, targeting a capital raise of ₹2,000-2,500 crore. Around 50% of this funding will stem from…
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Newspapers, television, websites, mobile apps — all flooded with IPO ads. Brokerage firms and analysts are buried deep in DRHPs, trying to decode them and produce sharp reports. Lead managers, merchant bankers, promoters — they’re out there hosting roadshows and…
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