India: Sales Taxes: VAT, GST

Starting a sole proprietorship in India offers simplicity and flexibility, but business owners must navigate complex taxation frameworks and compliance obligations.

Starting a business as a sole proprietor in India requires navigating various regulatory obligations and obtaining specific licenses based on your business type, location, and scale. While the structure itself is simple, understanding which registrations are mandatory—from GST and shop establishment licenses to sector-specific approvals—is crucial for legal operations and avoiding penalties.

The Madras High Court has rejected the submission of the Revenue department that for distribution of Input Tax Credit under...

The Union Budget 2026 didn't arrive with the loud fireworks people usually expect. Instead, it delivered something more interesting...

The ruling also held that the key GST place of supply notification which clarified this position operates retrospectively, thereby invalidating long-standing GST demands for earlier years.

Union Budget 2026-27 shows an early expression of government tax philosophy. Instead of large-scale tax cuts or temporary tax relief measures, the focus of this budget is on simplification, compliance ease, and efficiency.

The year 2025 ushered in significant strides across the Indian legal regime, with landmark judgements on Direct and Indirect tax issues paired with major regulatory changes to simplify compliance and support ease of doing business including under Indian foreign exchange management laws.

Lithium-ion cell for use in the manufacture of battery or battery pack of EV or hybrid motor vehicle

The Survey predicted that there is a 10-20% chance of a systemic shock - that may cause a repeat of the 2008 financial crisis in 2026. Financial and technological geopolitical stresses will promote one another.