No BMA, says Court I-T Dept can’t blindly impose law on ‘involuntary residents’ in India to get foreign asset info with the AgustaWestland case, must share the details of his foreign assets.
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India’s Statistics Ministry has released a new GDP series. The base year is now 2022-23, replacing the older 2011-12. This update uses new data sources to better reflect the current economy. The ministry will also release back series data soon.…
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Officials have uncovered a massive Rs 593 crore fake invoice scam. The Directorate General of GST Intelligence arrested the alleged mastermind in Bengaluru. The syndicate issued invoices without supplying goods or services. This facilitated fraudulent claims of Input Tax Credit.…
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The Gujarat High Court censured a GST officer for depending on unverified AI-produced court citations, which proved fictitious. The errors impacted a matter involving Marhabba Overseas Private Limited. The court called for thorough verification and prudent use of AI in…
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Fino Payments Bank’s Managing Director and CEO, Rishi Gupta, was arrested under CGST and SGST Acts. The bank clarified the investigation involves a business partner, not its GST compliance, and is taking steps to resolve the issue. CFO Ketan Merchant…
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Prime Minister Narendra Modi described public capital expenditure as the cornerstone of India’s economic strategy, noting a marked rise in government infrastructure spending to secure long-term productivity gains. This investment drive forms part of a sustained nation-building effort aimed at…
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