Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
India's fast-growing pet food market, projected from USD 720 million in 2024 to USD 2 billion by 2035 with pet population set to exceed 100 million, faces regulatory gaps from frameworks not tailored to pet nutrition. A policy paper and industry discussions urge harmonized, science-based regulation: reclassify pet food taxation away from current 18% GST toward essential nutrition rates; adopt enforceable national standards; create a single-window compliance system; expand accredited testing and uniform labelling across offline and online channels; and boost awareness and supply-chain readiness to increase manufactured pet food penetration, ensure product safety, and support domestic manufacturing and exports.
India's fast-growing pet food market, projected from USD 720 million in 2024 to USD 2 billion by 2035 with pet population set to exceed 100 million, faces regulatory gaps from frameworks not tailored to pet nutrition. A policy paper and industry discussions urge harmonized, science-based regulation: reclassify pet food taxation away from current 18% GST toward essential nutrition rates; adopt enforceable national standards; create a single-window compliance system; expand accredited testing and uniform labelling across offline and online channels; and boost awareness and supply-chain readiness to increase manufactured pet food penetration, ensure product safety, and support domestic manufacturing and exports.
Note: It is a system-generated summary and is for quick reference only.