FMCG Stock Rises in Green Despite Market Crash
Amid a broader stock market crash, an FMCG stock opened in green following a key update. Check details on the resilient performer and market trends.
Category : GST & Taxation
Co-working firms face GST registration hurdles in Gujarat
Businesses in co-working spaces in Gujarat face GST registration scrutiny, with officials suspecting shell companies. Experts call for clearer guidelines as startups and SMEs rely on flexible workspaces.
Noida Admin Issues Notices to 45 Schools Over Fee Hike
Noida district administration has issued notices to 45 private schools for allegedly violating the fee hike cap of 7.23% set by the Fee Regulatory Committee for the 2026-27 session.
Tollywood to Introduce New Safety SOPs After Actor Death
Following Rahul Arunoday Banerjee's on-set death, Tollywood producers and artistes agree to new SOPs including mandatory insurance linked to film budgets.
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Inverted Duty Crisis: Ludhiana Small Units Face Liquidity Crunch
Small manufacturers in Ludhiana face liquidity crisis due to inverted GST duty structure, with 13% working capital locked in refund delays, forcing periodic shutdowns.
Delayed GST refunds cripple bicycle, sewing machine units
Manufacturers in Ludhiana's bicycle and sewing machine sectors face severe working capital stress due to delayed GST refunds under inverted duty structure, risking closures and informal trade.
UP Cuts Liquor Shop Licence Fee by Additional 5% for Leftover Vends
The Uttar Pradesh excise department has slashed the licence fee for leftover retail liquor vends by an additional 5%, marking the third reduction, to make operations financially viable.
Chilla Elevated Road 47% Complete, Likely Ready by June 2027
The long-delayed Chilla elevated road in Noida is now 47% complete and expected to open by June 2027, ahead of its December 2027 deadline, providing relief from chronic traffic congestion.
Fertiliser Dealers Strike in Abohar Over GST, E-Way Bill Issues
Fertiliser, seed and pesticide dealers in Abohar observed a one-day strike on Thursday, protesting GST on agri-inputs and e-way bill requirements, affecting supply.
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Tamil Nadu Toy Policy Aims for Global Manufacturing Hub Status
Tamil Nadu launches its first toy manufacturing policy to tap the $180 billion global toy market, aiming to attract anchor players, set up a toy park, and boost traditional toy clusters.
Pune Sees 10x Surge in PNG Applications After Campaign
Pune and Pimpri-Chinchwad report a sharp rise in piped natural gas (PNG) applications after a state drive targeting housing societies, with daily registrations jumping from 50 to 400.
Chandigarh May Abolish CLU for Non-Agricultural Purposes
Chandigarh administration is considering abolishing the change of land use (CLU) requirement for non-agricultural purposes to ease development and boost real estate.
NMMC Approves Amnesty Scheme for Water Tax Arrears
Navi Mumbai Municipal Corporation approves amnesty scheme to recover Rs 64 crore water tax arrears, waiving 90% of penalties to encourage payment and boost revenue.
India Approves Rs 30 Billion for Maldives Under SAARC Swap
India has approved a Rs 30 billion currency swap for Maldives under the SAARC framework, aiming to boost economic stability and bilateral ties in the region.
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Nagpur Power Consumers to Get Two Bills in April, May
Nagpur electricity consumers will receive separate bills for regular consumption and additional security deposit in April and May due to increased usage and MERC regulations.
Andhra Pradesh PNG connections reach 68,488
Andhra Pradesh has 68,488 active PNG connections, far below the 2.52 lakh potential, due to low awareness despite government subsidies and infrastructure.
Jharkhand struggles to clear backlog of over 4 lakh LPG refills
Jharkhand faces a backlog of over 4 lakh LPG refills, with Ranchi accounting for 60,000. Oil companies assure clearance in five days, but consumers continue to face delays.
Ranchi GST Tribunal Second in India to Hear Cases
Ranchi's GST Appellate Tribunal started hearings, becoming the second bench in India after Delhi. This move aims to speed up case disposal, with 70 cases filed so far.
Karnataka Fake GST Credit Cartel Kingpin Arrested
A key kingpin of a major fake input tax credit generation cartel in Karnataka has been arrested by authorities, marking a significant breakthrough in the fight against GST fraud and tax evasion.
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New Investment Disclosure Rule for Presumptive Taxpayers
Small businesses and professionals under India's presumptive tax scheme must now disclose investment details in ITR-4, aiming to curb tax evasion by comparing income with spending patterns.
Neokred Officials Remanded in GST Evasion Case Over Online Gaming
A Visakhapatnam court has remanded two Neokred Technologies executives to judicial custody for 14 days in a GST evasion case involving alleged illegal online betting and gaming transactions, with funds routed through shell entities.
GST Portal Glitches Force Deadline Extension in Madhya Pradesh
Technical issues on the GST portal on the last filing day forced authorities to extend the GSTR-3B deadline by one day, affecting thousands of taxpayers in Madhya Pradesh.
Bombay HC Urges Uniform Tax Policy to Prevent Judicial Chaos
The Bombay High Court has emphasized the need for a uniform national litigation policy in tax matters, referencing a 1953 judgment to avoid conflicting interpretations across courts. The ruling came while granting refunds to sugar exporters under the RoDT
GST Portal Rule Changes Cause Taxpayer Confusion in Indore
Frequent changes in GSTN advisories and portal functionality regarding input tax credit utilization for IGST payments have created uncertainty among taxpayers in Madhya Pradesh.
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I-T Scrutiny on Rs 3 Lakh Crore Property Deals in North-West
The Income Tax department is investigating 2.5 lakh property transactions worth over Rs 3 lakh crore in north-west India, focusing on Gurgaon and Faridabad due to missing PAN details and non-compliance in reporting.
I-T Dept Outreach for New 2025 Tax Act in Bihar-Jharkhand
The regional income tax headquarters for Bihar and Jharkhand has initiated an outreach program to educate stakeholders about the new Income Tax Act, 2025, while targeting improved tax collection after a slight decline in 2025-26.
ITAT: Capital Gains Exemption Valid Without Original Return
Mumbai ITAT rules taxpayers can claim Section 54 capital gains exemption in reassessment proceedings even if no original return was filed, protecting substantive rights over procedural lapses.
ITAT: Co-Ownership Not Proof of Unexplained Income
Mumbai ITAT rules that being a co-owner in property doesn't automatically make one liable for unexplained investment if funds came from family. Case involves Rs 60 lakh addition overturned.
ITAT: No Tax on Property Sale at Same Purchase Price
The Mumbai ITAT has ruled that capital gains tax cannot be levied if a property is sold for the same amount as its purchase cost, overturning a tax officer's assessment in a case involving a Rs 85 lakh transaction.
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ITAT Denies Tax Exemption to Hyderabad Golf Association
The Income Tax Appellate Tribunal in Hyderabad has upheld the denial of tax exemption to Hyderabad Golf Association, ruling that its restaurant and bar operations exceeded the statutory commercial threshold.
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