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Maritime Sector in India | UJA Market Report

Quick Facts: India's Maritime Sector India is the 6th largest producer of chemicals in the world and the 3rd largest in Asia, contributing 7% to the country’s GDP The chemical and petrochemical industry in India employs over 2 million people and produces more than 80,000 different chemicals and petrochemicals About 70% of India’s chemical production is used within the country India contributes to 2.5% of global chemical sales On the global stage, India holds a strong position in the trade of chemicals, ranking 14th in exports and 8th in imports (excluding pharmaceuticals) India has a significant global presence, exporting chemicals to more than 90 countries, especially in the areas of dyes, pharmaceuticals, and agrochemicals. Government Schemes in the Maritime Sector The Indian maritime sector plays a pivotal role in supporting the country’s trade and economic growth. To modernize infrastructure, enhance port connectivity, and foster sustainability, the government has introduced se...

Advisory for GST Registration Process (Rule 8 of CGST Rules, 2017) Dated February 12, 2025

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  In line with recent developments in the GST registration process, applicants must adhere to the following steps as per Rule 8 of the CGST Rules, 2017: Applicants Not Opting for Aadhaar Authentication: If you choose not to authenticate via Aadhaar, you must visit the designated GST Suvidha Kendra (GSK) for photo capturing and document verification. Upon selecting “NO” for Aadhaar authentication, an email will be sent with GSK details and required documents. You can schedule an appointment via a link in the email. An appointment confirmation will follow through mail. Visit the GSK at the scheduled time for photo capturing, document verification. Non-Generation of Application Reference Number (ARN): For applicants opted Aadhaar-authentication and application identified for Biometric Authentication:  If any of the Promoter/Partner or PAS fails to visit the GSK or biometric authentication fails or document verification is not completed within 15 days of submitting Part B of REG-0...

India’s Real Estate Sector - UJA Market Report

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India’s Real Estate Sector - UJA Market Report Why Invest in India’s Real Estate High Economic Growth Potential India’s GDP Growth: India’s economy is expected to grow at 6-7% annually in the next decade, one of the highest rates among major economies. Strong Demand for Housing and Infrastructure: Rapid economic growth is driving demand for residential, commercial, and industrial properties, creating lucrative investment opportunities. Government’s Focus on Infrastructure Development: The government is investing heavily in infrastructure, with projects like the INR 100 trillion National Infrastructure Pipeline (NIP) to boost urbanization and connectivity. Young Workforce Driving Consumption: With over 65% of India’s population under the age of 35, the workforce is large, dynamic, and consuming, leading to demand for housing and commercial properties. Growing Middle-Class and  Affluent Population Rising Disposable Incomes: India’s middle class is expanding rapidly, with an estimated...

Legal and Commercial Aspects of Global Trade for Indian Businesses in Cross-Border Transactions and Mergers & Acquisitions

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Cybercrime mainly refers to the criminal activities that are carried out with the use of computers and the internet. The activities include hacking, malware attacks, data theft, and the involvement of financial fraud as well. At present, all businesses in India, governments and individuals ideally rely over digital platforms to conduct their business practices.  The digital platforms are prone to various cyber threats. India boasts the largest number of consumers accessing digital services, driven by the rapid growth of e-commerce, fintech, education, and healthcare sectors. Given its expansive digital footprint, it is essential for India to establish a robust framework to address the challenges and capitalize on the opportunities within the digital landscape. Types of Cyber Crime: Child Pornography/ Child sexually abusive material (CSAM) Cyber Bullying Cyber Stalking Cyber Grooming Online Job Fraud Online Sextortion Vishing Phishing Data Breach Online Drug Trafficking Cyber-Squatt...

Chemical & Petrochemical Industry in India

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  India is the 6th largest producer of chemicals in the world and the 3rd largest in Asia, contributing 7% to the country’s GDP The chemical and petrochemical industry in India employs over 2 million people and produces more than 80,000 different chemicals and petrochemicals About 70% of India’s chemical production is used within the country India contributes to 2.5% of global chemical sales On the global stage, India holds a strong position in the trade of chemicals, ranking 14th in exports and 8th in imports (excluding pharmaceuticals) India has a significant global presence, exporting chemicals to more than 90 countries, especially in the areas of dyes, pharmaceuticals, and agrochemicals. Mega Trends in  Chemical & Petrochemical Sector Sustainability and Green Chemistry Eco-friendly Products: Increasing demand for biodegradable and sustainable chemicals Circular Economy: Focus on recycling and reducing waste through efficient processes Carbon Footprint Reduction: Compan...

Activities to be Undertaken for GST Compliances of FY 2024-25

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  As the FY 2024-25 comes to an end, businesses need to complete important tasks to stay GST-compliant and smooth transition into the new financial year.  Key important points to consider: Submission of Letter of Undertaking (LUT) Compliance with Rule 96A of CGST Rules, 2017 Opting for the Composition Scheme Quarterly Return Monthly Payment (QRMP) Scheme Selection Implementation of the New Invoice Series Reassessment of Aggregate Turnover Check Applicability of E-Invoice Check the Applicability of the E-Way Bill Reconciliation of Outward Supplies Issuance of Credit Notes GST TDS/TCS credit Reconciliation of Input Tax Credit (ITC) Common ITC Reversal at the year-end Compliance with Goods Sent on Approval Basis Check the requirement to register as an Input Service Distributor (ISD) GST Amnesty Scheme 2025 Want to know full insights, check the link-   https://uja.in/blog/regulatory-updates/key-activities-for-gs...

Understanding the New Tax Regime for Startups: Opportunities and Challenge

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  Exploring the new tax incentives for startups introduced in the 2025 Budget. This would include an analysis of the reduced tax rates, tax holidays, and the government’s efforts to foster entrepreneurship and innovation. In this article, we will explore the key features of the 2025 tax reforms, the opportunities they present for startups, and the challenges that come with implementing these changes. By gaining a clearer understanding of the new tax landscape, startups can make informed decisions that will help them scale and succeed in a competitive market. Key Features of the New Tax Regime for Startups The new tax measures introduced in the 2025 Budget focus on making the startup ecosystem more competitive globally. Here are the main highlights: Lower Corporate Tax Rate 15% Tax Rate for New Startups A major component of the 2025 tax regime is the introduction of a reduced 15% corporate tax rate for new startups in the first 5 years of operation. Previously, this rate was availab...