Introduction: Gujarat, one of India’s industrially progressive states, recently announced revisions to its minimum wage rates, effective from April 1st, 2024, to September 30th, 2024. These revisions play a crucial role in safeguarding the rights and livelihoods of workers across various sectors.
Key Changes and Impact: The revised minimum wage rates aim to address the rising cost of living...
Budget – in – summary:
In ` lac Crore
Particulars
Budget Estimated
FY 2024-25
Estimated
FY 2023-24
Total Expenditure
47.65
44.90
Capital Expenditure
11.11
16.9% ↑
9.50
To be financed by
Tax revenue
26.02
(being 55% of total BE)
23.24
(being 52% of total expenditure)
Thus, the main focus is on infrastructure development that to be financed...
Statutory provisions regarding the transfer of input tax credit on sale, merger, lease, or transfer of business.
Sub-section (3) of section 18 of the Central Goods and Services Tax Act, 2017 (in short ‘the CGST Act’) deals with the transfer of credit on sale, merger, lease, or transfer of business. Accordingly, where there is a change in the constitution of a registered person on...
