The CBIC has refuted a viral social media message claiming new GST transition benefits would be applicable from September 22, 2025, deeming it factually incorrect and misleading. The GST council approved ‘next-gen’ reforms on September 3, 2025, including a shift…
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Finance Minister Nirmala Sitharaman is preparing for the rollout of the next-generation GST with reduced rates and fewer slabs, effective September 22. Three meetings were conducted to assess GSTN’s readiness and the necessary technological upgrades. The GST Council decided to…
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The proposed US HIRE Act threatens India’s $250bn IT sector, targeting outsourcing with a 25% tax on payments to foreign firms. While still unlikely to pass, it signals rising protectionism and populist rhetoric under Trump-aligned Republicans. Indian IT services and…
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M&A activity in Asia-Pacific slowed in July, with deal value falling 10.3% to $38.13 billion and 759 deals, the lowest since February. Industrial mega-deals like Temasek’s $6.34 billion Schneider Electric India sale propped the market. Will US tariffs on Indian…
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The Ministry of Home Affairs (MHA), Government of India, has furnished a formal letter of assurance to the Ministry of Justice, Kingdom of Belgium, and the competent Belgian judicial authorities detailing the conditions under which Indian Businessman Mehul Choksi wanted…
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India’s CEA V. Anantha Nageswaran said US President Trump’s 50% tariffs could trim India’s GDP by 0.5–0.6% this year, with greater risks if extended. The tariffs hit exports like textiles and jewellery, India’s key US markets. Still, he maintained a…
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