Many businesses and individuals in Gujarat were getting tax notices demanding 18% GST when they transferred their 99-year lease rights on industrial plots.
India’s labour law framework is designed to protect the rights of employees while ensuring fair practices for employers. Among the most significant statutes are the Payment of Bonus Act, 1965, Payment of Gratuity Act, 1972, and Payment of Wages Act, 1936.
Micro, Small, and Medium Enterprises (MSMEs) continue to be the lifeblood of India’s economy, contributing nearly 30% to the GDP and employing over 110 million people.
The Goods and Services Tax Network (GSTN) has issued a crucial advisory urging taxpayers to file all pending GST returns before the expiry of a three-year window.