The Ministry of Finance on 2nd June 2021 has clarified that the registered person who shall pay integrated tax on supply of construction service by him against consideration in the form of development rights or FSI, in a tax period not later than the tax period in which the date of issuance of the completion certificate for the project, where required, by the competent authority, or the date of its first occupation, whichever is earlier.
The Karnataka Government updates minimum wages and VDA for shops and commercial establishments, effective from April 1, 2025, to March 31, 2026.
The Himachal Pradesh VAT Amendment Act, 2024 updates payment, appeal, and enforcement processes to improve VAT administration and enhance compliance
Assam issues VDA for workers handling urea bags, effective July 1, 2024, reflecting CPI increase, with adjustments in wages for mechanized filling loading tasks
February 2025 sees a drop in overall inflation to 3.61%, driven by a significant reduction in food inflation, offering relief to rural and urban consumers.
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