GST paid during Search & Seizure, not accepted as GST liability to be refunded

The Madras High Court in its recent ruling in the case of Shri Nandhi Dhall Mills India Pvt. Ltd. v. Senior Intelligence Officer, DGGST & Ors.has directed the Revenue Department to refund the amount of Rs 2 crore collected from the assessee during the investigation on GST paid during Search & Seizure. It was held that, merely because the …

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Infosys to hire 36000 people

Salil Parekh, CEO of Infosys said that the organization is recruiting from both campuses and along the side in enormous numbers to guarantee consistent execution. Bengaluru-based IT major Infosys to hire 36000 people, from grounds and laterals in India and abroad for FY 2022. UB Pravin Rao, COO, Infosys, said that the organization will recruit …

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Are Bulls taking charge of Bears? | Stock Market Analysis

Introduction On Friday NIFTY closes 182.40 points up and 1.27% above the previous closing price. This raises the question: Are bears losing their grip or on Friday we saw a small correction? On Friday market opens on a positive side with 127-point gains and then closes after gaining 181 points. In the early hours of …

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Satellite Launching Services supplied by ISRO is liable for GST?

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GST on ISRO Services To encourage domestic launching of satellites particularly by young start-ups, the satellite launch services supplied by ISRO, Antrix Corporation Ltd., and NSIL would be exempted. This was stated in the press release dated 5th October 2020 in the recommendations of the 43rd GST Council Meeting. By amending the exemption notification vide Notification …

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Discontinuation of Cheques from these Banks

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Discontinuation of Cheques from these Merged Banks This is a short update for the viewers that, From 1st April 2021, the following banks’ cheques will be invalid and will not be accepted in the banking system: Allahabad Bank (Merged with Indian Bank) Vijaya Bank (Merged with Bank of Baroda) Dena Bank (Merged with Bank of …

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What do Americans think of Elon Musk? | 37% of Americans made investments based on his tweets

About Elon Musk’s Tweets Tweets posted by Elon Musk that focus on cryptocurrencies. An online poll reveals 37 percent of those surveyed follow his messages. He tweets about cryptocurrencies very often. Like this meme about “Dogecoin to the moon” and people started buying dogecoin because of his tweets and even. Even some of them in …

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What are Derivatives? | Types of Financial Derivatives

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As Warren Buffett said “Derivatives are Financial Weapons of mass destruction” Derivatives Meaning A derivative is a product whose value is to be derived from the value of one or more basic variables called bases (underlying assets, index, or reference rate). The underlying asset can be Equity, Commodity, and Forex. Underlying Variable Meaning | What is …

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What is the Mission, Vision & Objectives of a Company?

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Management’s Job is not to see the company as it is, but as it can become The Vision Introduction to Vision While making the strategical business strategy, the management of the company should address the issue the path that the company should take. Analyzing the changes in the PMCT (Product-Market-Customer-technology) will improve the current market …

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Singapore Builds Floating Solar Farms In Climate Fight

Thousands of panels glinting in the sun stretch into the sea off Singapore, part of the land-scarce city-state’s push to build floating solar farms to cut greenhouse gas emissions. Singapore is famous for being the financial hub but it is also the biggest per capita carbon dioxide emitters in Asia and for a city with …

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E-Invoicing under GST | Turnover Limit for E-Invoicing in GST

What is E-Invoicing in GST? ‘E-Invoicing’ or ‘electronic invoicing’ is a system in which invoices are electronically authenticated by GSTN for further use on the common GST portal while providing goods/services/both to a registered person.  All invoice information will be transferred from this portal to both the GST portal and e-way bill portal in real-time. Who is required to issue e-invoice? As …

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