The ruling—in the Suyog Dye Chemie vs Union of India case—brings significant relief to companies that faced the burden of retrospective demand for 18 per cent GST on such lease transfers, amounting to liabilities of approximately ₹8,000 crore only in Gujarat and Maharashtra.
The court's decision not only alleviates the financial strain on affected businesses but also addresses long-standing concerns regarding double taxation.
Denne historien er fra January 07, 2025-utgaven av Business Standard.
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Denne historien er fra January 07, 2025-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Production ramp-up, realisations to drive gains for ONGC
Global energy markets are experiencing weaker demand. The strong US dollar is also influencing crude and gas prices.
2024's record NFO run extends into new year
Six equity MFs launched in January so far, with 2 being industry firsts
46 Million Demat Accounts Added in '24, Tally at 185 mn
The number of dematerialised (demat) accounts in 2024 rose by 46 million, marking an average addition of 3.8 million accounts per month.
Foreign policy begins at home
In his latest book, Dhruva Jaishankar explains the origin and meaning of the Sanskrit words Vishwa Shastra, used in the title, as \"treatise of the world\". As he writes, \"For it to be India's world, a Vishwa Shastra is necessary\".
Metros and riders
Planning requires rethinking for improved outcomes
A much-needed charge
PM E-Drive could be a game-changer
India's missing managerial capital
One of the great things about the periodic visits by marquee Indian-origin chief executive officers (CEOs) such as Alphabet and Google's Sundar Pichai and Microsoft's Satya Nadella is that they leave middle-class Indians basking in the warm glow of reflected glory.
A Threat to Investment
Retrospective policy changes have previously plunged the economy into uncertainty—now, a similar situation looms again
Tencent makes biggest buyback in two decades
Tencent Holdings repurchased the most shares in nearly two decades after a selloff sparked by the tech firm's addition to a US blacklist for alleged links to the Chinese military.
What is UK's 'grooming gang' scandal seized on by Musk
Elon Musk, the tech mogul, in a series of vitriolic posts, has accused UK Prime Minister Keir Starmer and other Labour Party lawmakers of enabling Britain's so-called grooming gangs.
