Amendment to Retail Excise Tax in Andhra Pradesh
Government of Andhra Pradesh announced an important amendment regarding the Additional Retail Excise Tax (ARET) on various alcoholic beverages
Ministry of Finance Announces New Interest Rate for Special Deposit Scheme
Effective from October 1, 2024, until December 31, 2024, deposits made under the SDS will earn an interest rate of 7.1% (seven-point one percent).
Annual Report on Narcotics Control Activities (2023-2024)
the Ministry of Finance released its annual report detailing the activities financed under the Narcotic Drugs and Psychotropic Substances (National Fund for Control of Drugs Abuse) Rules, 2006.
Goa’s New GST Initiative: Appellate Tribunal to Ensure Fair Pricing
the Government of Goa has issued a notification that empowers the Principal Bench of the Appellate Tribunal to scrutinize the relationship between input tax credits and pricing of goods and services.
West Bengal Issues Clarification on Input Tax Credit for Demo Vehicles
This circular clarifies critical issues surrounding the GST treatment of demo vehicles, their use in business operations, and the implications for authorized dealers.
West Bengal Issues Latest Trade Circular on Advertising Services to Foreign Clients
The clarifications in respect of advertising services provided to foreign clients. This clarification is especially relevant for businesses navigating the complexities of the Goods and Services Tax (GST) framework.
New Delhi Goods and Services Tax (Third Amendment) Bill, 2024
This bill seeks to amend the Delhi Goods and Services Tax Act of 2017, addressing various aspects of taxation related to online gaming, casinos, and other forms of betting.
A New Era for Property Taxes in Delhi: MCD Announces Online Filing Requirement
starting April 1, 2025, the corporation will no longer accept property tax payments without a corresponding online PTR filing.
Punjab Government Introduces Public Tech Platform for Frictionless Credit
The introduction of the Public Tech Platform for Frictionless Credit by the Government of Punjab represents a forward-thinking approach to modernizing the financial ecosystem in the state.
Important Update: Amendment to Commercial Taxes Notification in Andhra Pradesh
This amendment pertains to the collection of a levy on intra-state taxable supplies facilitated for other suppliers. The previous rate of 0.5% (referred to as HALF PER CENT) has been revised to 0.25% (or “QUARTER PER CENT”).