Amnesty Advisory for Missed Appeals under GST Act
In response to the GST Council's 52nd meeting, recommending amnesty for taxpayers unable to file appeals under section 107 of the CGST Act, the government issued Notification No. 53/2023 on…
Godrej’s NBFC Arm Expands MSME Services with Amazon, Visa, and DBS Bank Partnerships
Godrej Capital, the non-banking finance company (NBFC) arm of the Godrej Group, has forged strategic partnerships with Amazon, Visa, and DBS Bank India for its digital platform Nirmaan. The platform,…
Frendy Secures INR 16 Crores in Funding for Expansion Plans
Convenience store network Frendy, headquartered in Ahmedabad, has successfully raised INR 16 crores in a funding round led by Auxano Capital and AT Capital Singapore, among others. The startup, operational…
Essentials of Adding a Co-founder to Your Startup
Bringing a co-founder on board is a pivotal decision for any startup, symbolizing shared responsibility and ownership among founding members. To navigate this crucial step effectively, several key considerations must…
FIDC Seeks GST Clarification on NBFCs’ Co-lending Interest Rates
In response to investigations by the Directorate General of GST Intelligence (DGGI) into co-lending practices between Non-Banking Financial Companies (NBFCs) and banks, the Finance Industry Development Council (FIDC) has reached…
Revised ITR Filing Guidelines: Timeline and Consequences
Section 139(5) of the Income Tax Act, 1961, empowers taxpayers to file a revised return of income under specific circumstances. These include the discovery of errors or omissions in the…
FSSAI Introduces “Special Category” for Gender Equality in Food Business
In a significant move towards fostering gender equality and equal opportunities, the Food Safety and Standards Authority of India (FSSAI) has unveiled a new provision called the "Special Category" within…
GST Collections Surge: October Records Second-Highest Ever at ₹1.72 Lakh Crore
In a robust display of economic momentum, GST collections for October reached ₹1.72 lakh crore, marking a 13% increase compared to the same period last year. This achievement stands as…
Major Crackdown on ₹199 Crore Fraud: 48 Fake Firms Nabbed in CGST Operation
In a significant development, the Central Goods and Services Tax (CGST) Delhi East Commissionerate launched 'Operation Clean Sweep' targeting fake billers engaged in fraudulent activities. As a result, a syndicate…
German IT Company Mitgo Group Invests $1.2 Million in CheckRewards Cashback App
CheckRewards, a cashback app serving as a shopping companion, has secured a $1.2 million investment from Germany's Mitgo Group. This funding not only provides financial support to CheckRewards but also…
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