In recent years, India has emerged as a major hub for global financial services. Gujarat International Finance Tec-City (GIFT City) has contributed significantly in making that possible. Designed to rival international financial centers like Dubai, Singapore, and London, GIFT City is India’s first International Financial Services Centre (IFSC) and offers a host of tax and … Read more
Important news for everyone as you will need to pay more taxes now. The new hotel restaurant faces an 18% GST rule that is now applicable if the room rent crosses ₹7,500 per day. Understanding the new Hotel Restaurant Face 18% GST Over ₹7.5K Tariff Rule As per the CBIC, if a hotel room tariff … Read more
In a recent landmark judgment, the Supreme Court of India has announced that businesses can now correct clerical or arithmetic GST Return Filing errors. The corrections can be made without facing any penalties. Thus, the decision is a major relief for taxpayers and businesses in India. Latest Ruling allows Correction of GST Filing Errors Without … Read more
Finance Bill 2025 proposed important amendments to Section 143(1) of the Income Tax Act, 1961, with a purpose to enhance income tax return (ITR) processing and transparency. The amendment authorizes the Income Tax Department to compare the new ITRs with the old ones, marking mismatch to the notice and enforcing compliance. What is Section 143(1) … Read more
Dubai is again leading the way as a global business hub. Recently, it has announced a bold step which is good news for entrepreneurs and startups. The new rule is allowing Freezone companies to expand to the mainland and let’s understand all about it. What’s new in Dubai for businesses? Until now, businesses operating in … Read more
In a major move as in Budget 2025, the Indian Government proposed removing the 6% equalization levy on online advertisement also known as the ‘Google Tax.’ Let’s understand this important update in detail. What is the Google Tax? The government introduced the Equalisation Levy in 2016 to tax non-resident digital companies providing services to Indian … Read more
Standing out from the competition has become increasingly important as businesses compete in the fast-paced digital environment. One of the most innovative forms of trademark protection is the motion trademark; this is a trademark that shows a brand’s identity through animated movement. While traditional trademarks defend words or logos, motion trademarks defend an organizations animated … Read more
Starting from April 1, 2025, there will be new GST Reforms that will bring significant shifts in businesses claiming Input Tax Credit. Let’s learn all about New GST Reforms starting from 1st April 2025. What’s Changing Under the New GST Reform? One of the most important things that is changing under the New GST Reform … Read more
The Trademark Registry withdrew approval for the Namkeen Brand Chutiyaram Trademark due to an error in granting approval. Under trademark law, offensive marks contrary to Sections 9 and 11 of the Trade Marks Act of 1999 cannot be registered as offensive or misleading marks. Concerned about the nature of the mark, the Registrar invoked Section … Read more
In the US, you need to report your income received from third-party payment processors to the IRS through IRS Form 1099-K. That means all the money that you make through online payments, credit cards, or digital platforms like PayPal or Stripe, you need to report it or you will face penalties and audits. Let’s understand … Read more