Stock market today:The benchmark Nifty 50 Index ended just short of the psychological hurdle of the 25,000 mark. The experts say that one may expect Nifty to move up further in the short term and could reach the upside target of 25300 in the near term. Immediate support is placed at 24850.
Read MoreThe Indian stock market faces mixed signals with optimism from GST reforms and S&P upgrades, while challenges arise from tariffs and weak earnings. Experts suggest focusing on value stocks like PSU banks, infrastructure, and energy for long-term gains amid market volatility.
Read MoreGodfrey Phillips India's stock rebounded 13.5% to ₹10,975 after recent declines. The company's strong quarterly results initially boosted shares, but fears of a 40% GST on sin goods caused volatility. The firm reported significant revenue growth and strengthened partnerships during June quarter.
Read MoreLetter to home minister warns The Promotion and Regulation of Online Gaming Bill, 2025, could wipe out a ₹2-trillion sector employing over 200,000 people
Read MoreThe Indian stock market stayed in positive territory for the fourth consecutive session on Tuesday, August 19, as GST rationalisation and India’s credit rating upgrade kept investor risk appetite intact.
Read MoreStocks to buy: Axis Securities' top conviction ideas include Hero MotoCorp and Bajaj Auto in two-wheelers, Ashok Leyland in commercial vehicles, and Mahindra & Mahindra in passenger vehicles and tractors, supported by its strong SUV portfolio and tractor leadership.
Read MoreAs professionals, we all understand that compliance deadlines are the backbone of our tax system. They ensure uniformity, discipline, and timely revenue flow. However, there are moments when circumstances far beyond human control make compliance practically impossible. Maharashtra is currently facing one such situation.
Read MoreThe Indian stock market saw its fourth consecutive day of gains, with the Sensex rising over 400 points and Nifty 50 surpassing 25,000. Easing geopolitical tensions and domestic reforms, particularly GST changes, bolstered market optimism despite concerns about volatility and earnings growth.
Read MoreIndian markets rose nearly 1% on August 18, driven by S&P’s credit rating upgrade and easing tariff concerns. Analysts warn of persistent volatility due to global risks, suggesting a balanced investment approach in equities and gold amid uncertain conditions.
Read MoreSource: https://taxguru.in/goods-and-service-tax/delhi-cgst-arrests-one-rs-16-30-crore-gst-evasion.html
The Central Goods and Services Tax (CGST) Delhi South Commissionerate has arrested one person for alleged GST evasion of ₹16.30 crore. Following an analysis of GST returns, the anti-evasion branch discovered that three interconnected firms, which provide manpower and facility management services, had consistently under-reported their tax obligations. These companies collected GST from their clients but failed to pay the corresponding amount to the government, a direct violation of the CGST Act, 2017. The arrested individual, who was the director and controlling person for all three firms, admitted to the tax evasion. The offense falls under Section 132(1)(d) of the CGST Act and is considered a cognizable and non-bailable offense due to the evasion amount exceeding ₹5 crore. The accused has been placed in judicial custody for 14 days as the investigation continues to trace the funds and identify any other individuals involved.
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