Business Wonder

Political and Social Articles in India

Explore Indian society, gender equality, taxation and government digital services through practical articles and commentary, with context on current legal provisions.

Delhi VAT Registration: Historical Guide and GST Transition

The Delhi Value Added Tax Act, 2004 governed VAT registration for relevant dealers. GST replaced VAT for most goods from 1 July 2017, while state VAT continues for specified products such as petroleum products and alcoholic liquor for human consumption. The linked article is a historical reference; check current registration requirements before acting.

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Transactions Reported to the Income Tax Department

Specified financial transactions may be reported under section 285BA of the Income-tax Act, 1961 and Rule 114E of the Income-tax Rules, 1962. Reporting may cover certain property transactions, credit card payments and investments, subject to the applicable thresholds and reporting conditions.

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Legal and regulatory context

India's tax and corporate compliance rules change over time. For up-to-date guidance, consult the Income Tax Department, GST Portal, Ministry of Corporate Affairs and Delhi Department of Trade and Taxes. The linked articles may discuss historical procedures and should be read in that context.

This collection provides general information and commentary, not individualized legal or tax advice.