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Delhi’s GST revenue has achieved a significant increase of nearly 17% during the first half of the current fiscal year compared to the same period in 2022-23. This positive trend has instilled hope in the government, as it anticipates exceeding its estimated collection. According to data, during the initial two quarters of 2023-24, the Delhi […]
Due to substandard government-operated hospitals and a shortage of doctors, healthcare has become a significant industry in India. The proliferation of numerous corporate hospitals and small nursing homes across the nation means that seeking treatment is largely a matter of personal choice and financial means. As of July 2022, hospitals have been brought under the […]
A Division Bench of the Supreme Court recently rendered a significant decision on appeals arising from judgments of the Telangana, Gujarat, and Bombay High Courts. These appeals concerned the validity of the VAT Amendment Act in their respective states, particularly in the context of Section 19 of the Constitution (101st Amendment) Act of 2016. This […]
The Government of Delhi issued notification No. 34/2023-State Tax, F. 3 (14)/Fin. (Exp-I)/2023-24/DS-I/916 on 25.10.2023, providing Goods and Services Tax (GST) registration exemption for vendors who operate through e-commerce platforms for intrastate supplies. The Lieutenant Governor of the National Capital Territory of Delhi, under Section 23(2) of the Delhi Goods and Services Tax Act, 2017 […]
The Finance Ministry’s recent notification stated that the GST mechanism for corporate guarantees will apply prospectively. Following the GST Council’s suggestions dated October 7, a corporate guarantee provided by a parent company to its subsidiary for a bank loan will be subject to an 18% GST. This recommendation was made during the GST Council meeting […]
In a nation as diverse and economically vibrant as India, comprehension and adherence to income tax compliance are crucial factors in fostering financial stability and making a positive contribution to national development. Being the second-most populous country in the world, India heavily relies on a robust taxation system to finance essential services and infrastructure initiatives. […]
The implementation of the Goods and Services Tax (GST) in India on July 1, 2017, aimed to simplify the nation’s complex taxation system. Replacing several indirect taxes such as excise duty, VAT, and service tax, GST is a complete, multi-stage, destination-based tax. However, businesses are now faced with compliance procedures and may encounter situations where […]
The State Goods and Services Tax (GST) department in Gujarat recently carried out extensive investigations into 79 mobile phone dealers situated in various cities, including Ahmedabad, Vadodara, Surat, Rajkot, and Bhuj. These investigations unveiled a significant case of tax evasion totalling Rs 22 crore, primarily stemming from unjustifiable rebate claims made by these companies. Senior […]
The Bengaluru Solid Waste Management Limited (BSWML), which was established by the state government to effectively manage solid waste, has been granted an exemption from paying 18% GST to the state government. This decision to exempt BSWML from GST was made during the 52nd GST council meeting held on October 7 in New Delhi, chaired […]
