India’s laws and regulations are not static and change very often. Changes to dates, deadlines, forms, duties & interest, penalty calculations, addition of a compliance item, deletion of a compliance item (rarely), and introduction of new acts, stifle every business in terms of compliance. Of the changes in law about 2600 updates came from the central government, and about 900 from state governments. The Budget must find a way to address this.
Published On: Jan 22, 2022