The Bombay High Court recently made an important decision: it said that the GST registration of a business can be cancelled if the suppliers it deals with are not real or do not exist.
Many businesses and individuals in Gujarat were getting tax notices demanding 18% GST when they transferred their 99-year lease rights on industrial plots.
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.
As the global focus shifts toward sustainable energy, India has taken significant steps to promote renewable energy adoption. To support this green transition, the Government of India has introduced several income tax deductions and exemptions for businesses investing in solar panel installations an...