Telangana High Court dismisses a legal challenge by a real estate developer regarding the GST on transfer of development rights; real estate projects involving redevelopment and rehabilitation are crucial for Mumbai s property market due to the shortage of vacant land parcels.
The Life Insurance Corporation of India (LIC) stated on Wednesday, 3 January, 2024, that tax authorities have issued a demand notice amounting to approximately Rs 663.45 crore, citing short payment of
Assessment Order: In an exchange filing, the manufacturer said that "certain additions/disallowances amounting to INR 21,597 million with respect to returned income (the income disclosed by the Company in its Income Tax return) have been proposed." Maruti Suzuki said that it planned to challenge the October 3 order and that business would not be affected by it.
Maruti Suzuki, India s leading automobile manufacturer, has received a draft assessment order from the Income Tax department for FY 2019-20, amounting to Rs 2,159 crore. The order proposes certain additions/disallowances to the company s income tax return. Maruti Suzuki plans to challenge the order and stated that it will not impact its financial or operational activities.
In September 2023, the gross GST revenue collected was Rs 1,62,712 crore. According to the report, the CGST is Rs 29,818 crore, the SGST is Rs 37,657 crore, the IGST is Rs 83,623 crore (including Rs 41,145 crore collected on import of goods), and the cess is Rs 11,613 crore (including Rs 881 crore collected on import of goods).