Sun.Jun 30, 2024

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Supreme Court deals big blow to federal agencies

CFO Dive

In a landmark ruling, the justices overturned a 40-year-old precedent and significantly reduced the power of federal agencies to interpret the laws they administer.

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From Chaos to Clarity: The Seven-Year GST Evolution

CFO News

GST, implemented on 1st July 2017, has revolutionized India's taxation system. Parag Mehta and Ankit Joshi explore its achievements, challenges, and future expectations in this insightful analysis.

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Debate aftermath: Barlclays says buy inflation protection

Tips Watch

By David Enna, Tipswatch.com Any long-time reader of this site knows I try very hard to avoid political discussions and I discourage political rants in the comments section.

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KPMG: sustainability is a key factor for financial success

Future CFO

Sustainability has made its way to the centre of business considerations as it has become one of the metrics in determining an organisation's financial success. KPMG 's latest white paper, “ Is sustainability good for financial performance? ”, explores the relationship between sustainability and financial returns, including the impact of sustainability investments on financial performance.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Zomato gets Rs 9.5 crore tax demand, company to appeal against order

CFO News

Food delivery company Zomato said it has received a tax demand from the Karnataka authorities, aggregating to Rs 9.5 crore. This is the latest of multiple orders the company has received previously; the last was Rs 11.82 crore in April.

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GST simplified compliance, improved tax buoyancy; fake ITC generation still a challenge

CFO News

Introduced seven years ago, the Goods and Services Tax (GST) has streamlined compliance and boosted tax revenues, but challenges persist with fake invoices and fraudulent registrations causing tax evasion concerns. Despite this, GST has simplified the tax regime, increased taxpayer numbers, and improved tax buoyancy and state revenues. However, efforts to combat evasion are ongoing, with the need for further measures such as operationalizing the GST appellate tribunal.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Federal Reserve’s Little Secret : No one really knows how interest rates work, or even whether they work at all—not the experts who study them, the investors who track them, or the officials who set them. ( The Atlantic ) • Why Front-Page News Can Mislead Investors : Extreme pessimism—the kind that often leads the news—can potentially be fertile ground for investment opportunities. ( Morningstar )

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RBI aims to get inflation down to 4%, don't expect any rate cut this year: Amitabh Chaudhry, MD, Axis Bank

CFO News

Axis Bank aims for sustained growth through NIM enhancement, market share expansion, and compliance strengthening under CEO Amitabh Chaudhry's leadership.

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The stayed order exists but remain suspended, says NCLT Mumbai Bench

CFO News

The NCLT Mumbai Bench deciding in the matter of Ericsson India Private Limited v. Reliance Communications Limited has held that the the effect of the order remains suspended till stay has been granted by the appellant court.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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It's taxing times for electoral bond buyers after Supreme Court's Feb verdict

CFO News

More than 1,000 entities who purchased electoral bonds for political donations may now face inquiries from tax authorities regarding the deductions claimed on these contributions, following the Supreme Court's decision to invalidate the scheme in February. The Supreme Court, in its ruling on February 15, declared the electoral bond scheme unconstitutional.

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Banks scanning proprietor A/Cs to spot 'money mules'

CFO News

Banks intensify scrutiny on new accounts to combat mule activities, adapting to evolving fraud tactics like forming private companies. Vigilant measures include verification visits, latitude data, and washout logic analysis to deter money laundering and digital frauds in the financial system.

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India Inc now picks its C-level champions from indoor pool

CFO News

Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.