The TDR mechanism allows transfer of unused development rights from one zone to another and these rights can be bought by developers at a certain price to increase their permissible development in a project depending on the location. In the prevailing market conditions, the TDR rates hover around 30-40% of the ready reckoner value of the receiving zone.
E-way bill generation in India reached a record high of over 10 crore in October, driven by robust festive demand and increased compliance. Both intra-state and inter-state bill generation recorded growth during the month, with inter-state trade growing at a faster pace.
India Business News: The Sikkim high court has granted a stay on a Rs 628 crore GST demand order against Delta Corp, a casino and online gaming company. The government has
The Sikkim High Court has temporarily halted a Rs 628 crore GST demand order against Delta Corp, a casino and online gaming company. The company is facing a total GST demand of approximately Rs 23,000 crore, including recovery of tax shortfalls for its casino and online gaming operations. Delta Corp and its subsidiaries have also received show cause notices for alleged short payment of GST totaling Rs 16,822.98 crore. Despite these challenges, the company reported a slight increase in net profit and income from operations for the second quarter of 2023.