News

How Ratan Tata’s Business Group Became $5 Billion to $300 Billion

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How Ratan tata's business group became $5 billion to $300 billion

Ratan Tata’s business growth transformed the Tata Group into a global powerhouse, leaving an enduring legacy in India’s corporate world. Ratan Naval Tata, one of India’s most revered industrialists and philanthropists, passed away on Wednesday, October 9, 2024, at the age of 86. He had been receiving treatment at Mumbai’s Breach Candy Hospital. His legacy … Read more

Startups Funding is now Angel Tax Free – Budget 2024

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Venture investors and startup leaders are celebrating a huge reform as announced in the Union Budget 2024-25.  This is because startups funding is now angel tax free. Let’s understand about this important update through this article. What is an Angel Tax? Angel Tax is applicable to businesses  for any amount received by a privately held … Read more

Union Budget 2024 Highlights & Announcements

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Union Budget 2024 Highlights & Announcements

The Finance Minister announced the Final Budget on July 23, 2024. This year’s budget focuses on jobs, skills development, MSME, and the middle class. Let’s read about all the Union Budget 2024 Highlights & Announcements. Direct Tax Limit Increased for Salaried Personals  A good news from the budget as the standard deduction for salaried individuals … Read more

Online Complaint System for MSME delayed payments

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Online Complaint System for MSME delayed payments

An important update for MSMEs and big businesses in India. As per the latest update, Companies delaying payments to MSEs by more than 45 days will now have to provide additional information in a revised MSME Form 1 along with a new complaint system launching soon along with Online Complaint System under planning. Consequences of … Read more

18% GST on Dosa, Idli, Khaman Mixes; Not Sattu

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18% GST on Dosa, Idli, Khaman Mixes; Not Sattu

The General Anti-Avoidance Rules Authority (GAAR) has issued an update that indicates a possible reclassification of instant mixes such as dhokla, idli and dosa. Therefore, this will increase their GST rate to 18%. This decision takes these items out of the low tax basket “sattu”. The impact on the producers and consumers is significant. Manufacturers’ … Read more

BIS Certification Mandatory for Trading Imported Goods

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BIS Certification Mandatory for Trading Imported Goods

In a significant regulatory update, the import of used, repaired, refurbished, and reconditioned electronic products intended for the Indian market must now get BIS Certification. Furthermore, welcomed by the industry, aligns with the government’s recent efforts to curb the influx and sale of substandard products within the country. Let us understand the latest news of … Read more

Could Your Favorite Spices Be Banned? FSSAI’s Shocking New Testing Rule

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Could Your Favorite Spices Be Banned? FSSAI's Shocking New Testing Rule

Following a recent international investigation into possible contamination in spices, the Food Safety and Standards Authority of India (FSSAI) has announced a nationwide inspection of all spice mix companies. Let us understand the new testing rule and keep you informed about food safety in India. Hong Kong Food Authority’s Warning on Indian Spice Products A … Read more

How to apply for Startup Mahakumbh

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How to apply for Startup Mahakumbh

Apply for Startup Mahakumbh – a massive event to happen soon in the Nation’s capital. The one of a kind Startup Event is happening March 18-20, 2024 in New Delhi at the Bharat Mandapam and Pragati Maidan. This event is beneficial especially for those who are new in business or starting a new business. Let’s get all the crucial details related to Startup Mahakumbh in this article.

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How to apply for Jagriti Yatra Startup Train?

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How to apply for Jagriti Yatra Startup Train

The Jagriti Yatra spans a 15-day journey via train, covering a distance of 8000 kilometres across India, aimed at fostering understanding and fostering the development of small towns and villages through entrepreneurial initiatives. Organised by the non-profit charitable organisation Jagriti Sewa Sansthan, headquartered in Mumbai, this initiative is rooted in Deoria, Uttar Pradesh, with a … Read more

How to Check a GST Notice: Real or Fake?

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How to Check a GST Notice Real or Fake

Last week, the Central Board of Indirect Taxes and Customs warned everyone about fake GST summonses trying to trick people across the country. They said we should be careful and double-check if any messages we get from GST officials are real. It’s a reminder to stay alert and not fall for scams when dealing with … Read more