There is no law which mandates a businessman to always retain stock at the place of business for valid GST registration.

Cancellation of registration has serious consequences, it takes away the fundamental right of a citizen etc. to engage in a lawful business activity.

Cancellation of registration can take place where only condition provided under Section 29 sub clause 2 of the Act of 2017 are fulfilled stated as follows:

"(2) The proper officer may cancel the registration of a person from such date, including any retrospective date, as he may deem fit, where,-

 (a) a registered person has contravened such provisions of the Act or the rules made there under as may be prescribed; or

 (b) a person paying tax under section 10 has not furnished returns for three consecutive tax periods; or

(c) any registered person, other than a person specified in clause (b), has not furnished returns for a continuous period of six months; or 

(d) any person who has taken voluntary registration under subsection (3) of section 25 has not commenced business within six months from the date of registration; or 

(e) registration has been obtained by means of fraud, willful misstatement or suppression of facts: Provided that the proper officer shall not cancel the registration without giving the person an opportunity of being heard. 

[PROVIDED FURTHER, that during pendency of the proceedings relating to cancellation of registration, the proper officer may suspend the registration for such period and in such manner as may be prescribed.]" 

M/S Shree Ram Glass Bachauli Kuftabad Beekapur Thru. Partner Shree Aman Jaiswal challenged the order of cancellation of registration under U.P. Goods and Services Tax Act, 2017 vide order dated 1.6.2023 as well as rejection of the application for revocation vide order dated 2.9.2023 and also rejection of his appeal against both the aforesaid orders by means of order dated 30.11.2023 before Hon'ble Allahabad High court vide Writ - C No. - 1346 of 2024

It has been submitted that Petitioner is a partnership firm engaged in the business of trade of glass and glass sheets. The firm was transacting business and filing its returns. GST returns pertaining to financial years 2021-22 and 2022-23 have been filed and tax on the same has been paid by the petitioner. Registration of the petitioner was cancelled on the basis that petitioner does not conduct any business at the declared place of business and does not respond to any show cause notice issued to him. On further inspection of the premises it was found that there was no stock maintained at the place of business and the signatures of the landlord did not tally with the rent agreement submitted during the inspection.

Held

Considering the provisions under Section 29(2) along with facts of the case, there is no denial of the fact that petitioner has conducted business as the returns filed for the financial years 2021-22 and 2022-23 have been filed and this fact has not been denied by any authority.

Since the registration has been granted by the respondent authority, it is presumed that it has been granted after due verification of necessary facts. If the respondents propose to cancel the registration, a heavy burden lay on the respondent to see that the conditions under Section 29(2) for the purpose of cancellation are fulfilled.

Conclusion

Merely because at the place of business no stock was found it was concluded that the petitioner did not conduct any business activity. There is no law which mandates a businessman to always retain stock at the place of business. To come to such a conclusion the authorities should have undertaken further exercise to indicate that the returns filed by the assessee themselves were fraudulently filed only to claim Input Tax Credit. The authorities have failed to discharge the duties and merely because the place of business did not contain any stock the registration of the petitioner was cancelled.

It is in aforesaid circumstances that Hon'ble Court is of the considered opinion that both the impugned orders are illegal and arbitrary and accordingly set aside. 

Disclaimer : The entire content of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation .Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable laws. The user of the information agrees that the information is not professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.

IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT,INDIRECT,SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM,ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.

Finance Ministry likely to postpone implementation of 45-day payment rule for MSMEs to April 2025.

The Finance Ministry is contemplating a deferment of the enforcement of Rule 43B (h) under the Income Tax Act, which mandates payments to micro, small, and medium enterprises (MSMEs) within 45 days, sources informed CNBC-TV18.
The proposed postponement is expected to span a full financial year, with the rule anticipated to take effect from April 1, 2025, sources said.

The Finance Act of 2023, which amended the Income Tax Act, introduced clause (h) in Section 43B to ensure timely payments to MSMEs.
This amendment set as 45 day limit or the assessee to fulfill payments.

Failure to adhere to this timeline would result in pending payments being treated as income and subject to taxation.

The decision to reconsider the implementation timeline comes in the wake of numerous industry representations submitted to the finance ministry.
various sectors expressed apprehensions about the shorter payment cycle, asserting that it challenges traditional practices and has already led to order cancellations.

Industry bodies, in their proposals to the finance ministry have suggested potential tweaks to the act or a temporary postponement to provide businesses with the necessary adjustment period.

Source: cnbctv18.com

Whether Man Power Services supplied to Zila Panchayat and Taluka Panchayat qualify for Pure services exemption from GST?

Various queries and doubts have been observed in the area of pure services provided to the Central Government, State Government and Local Authority and the applicability of exemption notification in thereto.

“Pure Services (excluding works contract service or other composite supplies involving any goods) provided to the Central Government, State Government or Union territory or local authority or a  Governmental authority by way of any activity in relation to any function entrusted to a Panchayat under  Article 243G of the Constitution or in relation to any function entrusted to a Municipality under article 243W of the Constitution.”

From the above said entry no.3 of the notification no. 12/2017- Central tax (Rate) dated 26.06.2017  it is observed that, in order to claim exemption on supply of man power services two conditions should be satisfied: 

1. Pure Services (excluding works contract service or other composite supplies involving any goods) provided to the Central Government, State Government or Union territory or local authority or a Governmental authority. 

2. by way of any activity in relation to any function entrusted to a Panchayat under article 243G of the Constitution or in relation to any function entrusted to a Municipality under article 243W of the Constitution.”

As per section 2(69) of CGST Act 2017 “Local Authority” means: 

(a) Panchayat as defined in clause (d) of article 243 of the Constitution;

(b) a Municipality as defined in clause (e) of article 243P of the Constitution;

(c) a Municipal Committee, a Zilla Parishad, a District Board, and any other authority legally entitled to or entrusted by the Central Government or any State Government with the control or management of a municipal or local fund.

(d) a Cantonment board as defined in section 3 of the Cantonment Act,2006

(e) a Regional council or a District council constituted under Sixth Schedule to the constitution.

(f) a Development board constituted under Article 371 of the Constitution or

(g) a Regional council constituted under Article 371A of the Constitution.

243G- Powers, authority and responsibilities of Panchayats subject to the provisions of this Constitution the Legislature of a State may, by law, endow the Panchayats with such powers and authority and may be necessary to enable them to function as institutions of self-government and such law may contain provisions for the devolution of powers and responsibilities upon panchayats at the appropriate level subject to such conditions as may be specified therein with respect to : 

(a) The preparation of plans for economic development and social justice;

(b) The implementation of schemes for economic development and social justice as may be entrusted to them including those in relation to the matters listed in the Eleventh Schedule. 

Matters listed in Eleventh schedule are:

1. Agriculture including agricultural extension. 

2. Land improvement, implementation of land reforms, land consolidation and soil conservation.

3. Minor irrigation, water management and watershed development.

4. Animal husbandry, dairying and poultry.

5. Fisheries.

6. Social forestry and farm forestry.

7. Minor forest produce.

8. Small scale industries including food processing industries.

9. Khadi village and cottage industries.

10. Rural housing.

11. Drinking water.

12, Fuel and fodder.

13. Roads, culverts, bridges, ferries, waterways and other means of communication.

14. Rural electrification, including distribution of electricity.

15. Non-conventional energy sources.

16. Poverty alleviation programme.

17. Education including primary and secondary schools.

18. Technical training and vocational education.

19. Adult and non-formal education.

20. Libraries.

21. Cultural activities.

22. Markets and fairs.

23. Health and sanitation, including hospitals, primary health centres and dispensaries.

24. Family welfare.

25. Women and child development.

26. Social welfare including welfare of the handicapped and mentally retarded.

27. Welfare of the weaker sections and in particular of the Scheduled Castes and the Scheduled Tribes.

28. Public distribution system.

243W.  Powers, authority and responsibilities of Municipalities etc ; subject to the provisions of this Constitution, the Legislature of a State may, by law, endow 

(a) the Municipalities with such powers and authority as may be necessary to enable them to function as institutions of self-government and such law, may contain provisions for the devolution of powers and responsibilities upon Municipalities, subject to such conditions as may be specified therein,

with respect to

(i) the preparation of plans for economic development and social justice;

(i) the performance of functions and the implementation of schemes as may be entrusted to them including those in relation to the matters listed in the Twelfth Schedule;

There are 18 items in the twelfth schedule of the Constitution which are as below:

. Urban planning including town planning.

. Regulation of land-use and construction of buildings.

. Planning for economic and social development.

. Roads and bridges.

. Water supply for domestic, industrial and commercial purposes.

. Public health, sanitation conservancy and solid waste management.

. Fire services.

. Urban forestry, protection of the environment and promotion of ecological aspects.

9. Safeguarding the interests of weaker sections of society, including the handicapped and mentally retarded.

10. Slum improvement and upgradation.

11. Urban poverty alleviation.

12. Provision of urban amenities and facilities such as parks, gardens, playgrounds.

13. Promotion of cultural, educational and aesthetic aspects.

14. Burials and burial grounds; cremations, cremation grounds and electric crematoriums.

15. Cattle pounds; prevention of cruelty to animals.

16. Vital statistics including registration of births and deaths.

17. Public amenities including street lighting, parking lots, bus stops and public conveniences.

18. Regulation of slaughter houses and tanneries.

Conclusion

Supply of manpower services like cleaning staff, cook, assistant cook, staff nurse, teachers and watchman to hostels and residential schools/ colleges run by Social welfare department is exempted since the manpower services provided are by way of any activity in relation to any function entrusted to a Panchayat under Article 243G of the Constitution or in relation to any function entrusted to a Municipality under Article 243W of the Constitution.

Supply of Manpower services like Data Entry Operator, Drivers, “D” Group staff, FDA, SDA, Typists to Zila Panchayat/ Taluk Panchayat/ Social welfare department/ Backward Classes Welfare Department are not by way of any activity in relation to any function entrusted to a Panchayat under Article 243G of the Constitution or in relation to any function entrusted to a Municipality under article 243W of the Constitution and hence attracts GST at the rate of 18%.

Disclaimer : The entire content of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation .Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable laws. The user of the information agrees that the information is not professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.

IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT,INDIRECT,SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM,ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.

E-way bill generated between detention and seizure of goods, Without Cogent Nexus To Intention to Evade Tax, Is Fallacious.

Mere technical errors, without having any potential financial implications, should not be the grounds for imposition of penalties. The underlying philosophy is to maintain a fair and just tax system, where penalties are proportionate to the gravity of the offense. In the realm of taxation, imposition of penalty serves as a critical measure to ensure compliance with tax laws and regulations. However, a nuanced understanding prevails within legal frameworks that for penalties to be justly imposed, there must be a demonstrated actual intent to evade tax. This principle underscores the importance of distinguishing technical errors from deliberate attempts to evade tax obligations. Penalties should be reserved for cases where an intentional act to defraud the tax system is evident, rather than for inadvertent technical errors. The legal foundation for this principle lies in the recognition that taxation statutes are not designed to punish inadvertent mistakes but rather deliberate acts of non-compliance. The burden of proof, therefore, rests on tax authorities to establish the actual intent to evade tax before imposing penalties on taxpayers. This safeguards individuals and entities from punitive measures arising from honest mistakes, administrative errors, or technical discrepancies that lack any malicious intent. In this backdrop we are going to discuss E-way bill detention cases which are being handled by industry as well as tax practitioners in day to day affairs.

Section-129 and Section-130 of the CGST Act deals with the detention, seizure, release, confiscation of goods or conveyance in transit and levy of penalty respectively if violation of the provisions of the CGST Act is found. 

A combined reading of Sections-68,129 and 13 of CGST Act,2017 read with rules 138,138A, 138B, 138C and 138D of CGST rules shows that goods can be detained and tax and penalty can only be demanded in the following;

1.The goods are liable for confiscation only when the same is transported in contravention of the provisions of CGST Act,2017 and the rules framed thereunder.

2.There is intention to evade payment of taxes.

Further, intention to evade payment of taxes cannot be proved until and unless tax charged by the consigner on tax invoice has been paid and the same is uploaded on GST portal and additionally vehicle number also mentioned in invoice without any further discrepancy  while physical verification of goods.

It is a settled law that if the e-Way Bill is generated and produced before the passing of the order under Section 129(3) of the CGST Act, 2017 and if the goods are carried with 7 all the other relevant documents evidencing payment of due tax, then in that case the detention and seizure of goods is wholly baseless and the same defeats the purpose of the said Acts. The said position has been clarified by this Court in the case of Modern Traders v. State of UP (Writ Tax No. 7623 of 2018). The writ petition in the said case was allowed and the penalty order therein was set aside.

Furthermore, in the case of Falguni steels vs State of UP ( Writ Tax No. 146 of 2023) same was considered, where the facts of the case were:

1. The instant writ petition has been filed by the petitioner, M/s Falguni Steels praying for the issuance of a writ of certiorari against the order dated February 21, 2019 passed by the Assistant Commissioner, Commercial Tax, (Mobile Squad), Unit – II, Prayagraj (hereinafter referred to as ‘Respondent No. 2’) and the order dated October 20, 2019 passed by the Additional Commissioner, Grade – 2, (Appeal) – I, Commercial Tax, Prayagraj (hereinafter referred to as ‘Respondent No. 3’).

2. Factual matrix of the instant case has been laid down below: a. The petitioner is an authorized dealer of the Steel Authority of India Ltd. (hereinafter referred to as ‘SAIL’). On February 17, 2019, the petitioner purchased a consignment of TMT Bar under the Tax Invoice Nos. OS0020005822 & OS0020005823. The said tax invoices were issued by SAIL in accordance with the provision of Section 31 of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘CGST Act, 2017’) read with Rule 46 of the Central Goods and Services Tax Rules (hereinafter referred to as the ‘CGST Rules, 2017’)

b. Thereafter, the petitioner obtained the service of a private road carrier for the transportation of its goods through vehicle bearing registration No. UP-70-AT-3747 from SAIL Yard, Naini, Allahabad, to Falguni Steels, Lookerganj, Allahabad. The tax invoices contained the number of the said vehicle.

c. The petitioner alleges that during the relevant time, the e-Way Bill portal of the Department was marred by glitches and technical shortcomings and owing to the said fact, e-Way Bills on several occasions could not be generated by the Transporters/Consignors/Consignees.

d. Owing to the above stated glitch, e-Way Bills could not be generated by the time of the onset of the transportation of the Good. The said e-Way Bills were generated on February 20, 2019 (No. 47051859886) and February 21, 2019 (No. 481051862043). The petitioner states that the said e-Way Bills were presented before the Respondent No. 2 at the time of the interception of the goods and before the issuance of the Show Cause Notice as well as passing of the order under Section 129(3) of the Uttar Pradesh Goods and Services Tax Act, 2017 (hereinafter referred to as the ‘UPGST Act, 2017’). However, the said e-way Bills were not taken into consideration by the Respondent No. 2

e. The supplier SAIL had generated Invoices Nos. OS0020005822 and OS0020005823, both dated February 17, 2019 wherein the quantity, description of goods and the vehicle number were mentioned. The petitioner states that the transportation of the goods on the same day was not possible due to the barrier imposed by the local administration for transportation, due to the occasion of “Maghi Purnima, Kumbh Mela, 2019”. These goods were transported on February 20, 2019 from SAIL Yard, Naini to Lookerganj, Allahabad

f. Show Cause Notice (FORM GST MOV – 07) was issued to the petitioner under Section 129(3) of the UPGST Act, 2017 on February 21, 2019 alleging that the movement of the goods was in contravention to the provisions of the UPGST Act, 2017. The said Show Cause Notice required the petitioner to show cause as to why tax of an amount of INR 1,29,862/- along with an equivalent penalty of INR 1,29,862/- ought not to be recovered from it.

g. The petitioner, thereinafter, deposited the amount of INR 2,59,724/- through CPIN No. 19020900359828 dated February 21, 2019 via Reserve Bank of India towards tax and penalty, after which, the Respondent No. 2, released the goods in favor of the petitioner Aggrieved by the order dated February 21, 2019, passed by the Respondent No. 2, the petitioner preferred a statutory appeal before the Respondent No. 3.

Conclusion: Even though the petitioner failed to produce the e-Way Bill in time due to certain technical difficulties, the question which arises whether or not there was any actual intent to evade tax on part of the petitioner. In the case of VSL Alloys (India) Pvt. Ltd. v. State of U.P. and Another reported in 2018, while dealing with a situation where Part- B of the e-Way Bill was not generated, this Court observed that the petitioner therein was supposed to fill up Part- B of the e- way Bill giving all the details including the vehicle number before the goods were loaded in a vehicle, and it failed to do so. However, there was no ill intention at the hands of the petitioner therein to evade tax, since the documents accompanying the goods contained all the relevant details.

The requirement of intent to evade tax for the imposition of penalties is a fundamental principle that underpins the fairness and 18 integrity of taxation systems. Recognising the distinction between technical errors and intentional evasion is essential for maintaining a balanced and equitable approach to tax enforcement. As nations continue their pursuit of effective tax administration, upholding this principle becomes paramount in fostering voluntary compliance, preserving trust in the tax system, and ensuring the judicious use of regulatory powers.

Disclaimer : The entire content of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation .Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable laws. The user of the information agrees that the information is not professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.

IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT,INDIRECT,SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM,ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.

Records to be maintained by the owner or operator of godown or warehouse and transporters.

 Introduction: 

Accounts and records shall play a very important role in GST regime due to multiple reasons which could be classified as  GST, an accounting based law and ITC of large number of goods and services and both shall be available under GST regime and in order to maximize the credit proper accounting and maintenance of proper records is of paramount importance.

Section 35 and 36 of CGST Act,2017deals with Accounts and other records under GST and subsection 2 of section 35 read with rule 58 clause 1 ,1A, 2,3,4(a),4(b),5 deals with records to be maintained by the owner or operator of godown or warehouse and transporter.

Section 35(2) of CGST Act read as :

Every owner or operator of warehouse or godown or any other place used for storage of goods and every transporter, irrespective of whether he is a registered person or not, shall maintain records of the consignor, consignee and other relevant details of the goods in such manner as may be prescribed.

Applicability of the following section on following persons:

1. Transporter and
2. Owner or operator of godown or warehouse or any other place used for storage of goods.

Above persons, shall maintain records of consignor or consignee and other relevant details of the goods in the manner provided in Rule 58. However, It is immaterial whether the following persons as mentioned above are registered or not and thus it is to be noted that the following rule is applicable for unregistered operator of godown and transporter.

Rule 58 is further categorized under sub-rules which are as follows:

Rule-58(1) : Communication of a unique enrolment number upon validation of the details furnished.

Every person required to maintain records and accounts as per the provisions of section 35(2),if not registered under the said act than shall submit the business details in GST ENR-01 and upon validation of details furnished, a unique enrolment number shall be generated and communicated to the said person.

Rule-58(1A) : Unique common enrolment number to the transporter registered in more than one state or UT ( Inserted vide notification no. 28/2018 dated 19.06.2018).

A transporter who is registered in more than one State or Union territory having the same PAN number, for generation e-way bills may apply for unique enrolment number by submitting the details in Form GST ENR-02 using any one of his GSTIN and upon validation of details furnished, a unique enrolment number shall be generated and communicated to the said person.

However, where the said transporter has obtained a unique common enrolment number ,he shall not be eligible to use any of the GSTN for the purpose of issuing E-way bills.

Rule 58(2) : Deemed Enrolment

Person enrolled under rule 58(1) in any other state or Union territory shall be deemed to be enrolled in the same state or Union Territory. 

Rule 58(3) : Amendment in the details furnished while filing GST ENR-01.

Every person who is enrolled under sub-rule (1) shall, where required, amend the details furnished in Form GST ENR-01 electronically on the common portal either directly or through a Facilitation Centre notified by the Commissioner.

Rule 58(4)(a) : Maintenance of records by person engaged in the business of transporting goods

Any person (not registered person) engaged in the business of transporting goods shall maintain records of goods transported, delivered and goods stored in transit by him along with GSTIN of the registered consigner and consignee for each of his branches.

Rule 58(4)(b) : Maintenance of records by every owner or operator of a warehouse or godown

Every owner or operator of a warehouse or godown (whether registered or not) shall maintain books of accounts, with respect to the period for which particular goods remain in the warehouse, including the particulars relating to dispatch, movement, receipt and disposal of such goods.

Rule 58(5) : Manner of storing the goods by the owner or the operator of the godown

The owner or the operator of the godown shall store the goods in such manner that they can be identified item-wise and owner-wise and shall facilitate any physical verification or inspection by the proper officer on demand.

Consequences of Not Maintaining Proper Records under GST

If the taxpayer fails to maintain proper records in respect of goods/services, then the proper officer shall treat such unaccounted goods/services as if the taxpayer had supplied them. The officer will determine the tax liability on such unaccounted goods. The taxable person will be required to pay the tax liability calculated along with penalty.

Disclaimer : The entire content of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation .Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable laws. The user of the information agrees that the information is not professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.

IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT,INDIRECT,SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM,ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.

 

Key Interim Budget announcements -2024

Top Key Budget announcements for FY-2024-25 by Finance Minister Nirmala Sitharaman

•  No Changes in Income Tax Slabs.
•  No Change in Tax rates for Company, LLP or any other person.
•  Some Exemption to Startups and Extend some concession - extension of tax sops for     sovereign wealth funds and startups to March 2025.
•  Tax payers service - Withdrawal of direct tax demands of period up to ₹25000 for period up to 2009-10 and ₹10000 for period up to 2014-15, 1 Crore people will benefit. 
•  40,000 normal railway bogies will be converted to vande Bharat standard
•  1-lakh crore corpus will be made available with 50 year interest free (long-term financing or   refinancing) to encourage the private sector to scale up R&D. Corpus of 1 Lakh Crore for   reduced rate Loans to Private Sector for Research in Sunrise Domains.
•  Rooftop solarisation and free electricity Through rooftop solarisation, 1 crore households will be enabled to obtain up to 300 units of free electricity every month.
•  This scheme follows resolve of Prime Minister, on the historic day of consecration of Ram Mandir in Ayodhya.
• Garib, Mahila, Annadata and Yuva will be focus groups.
• Sithraman Working to make India a Vikasit Bharat by 2047.
• Worries about food have been eliminated with free rations for 80 crore people.
•  25 crores Indians were pulled out of multi dimensional poverty by the govt over past 10 yrs.
• Govt could save 2.7-lakh crore through avoidance of leakages.
•  Electronic agri Mandi has connected 1051 mandis, transacting ₹2-lakh crore.
•  Minimum support prices for ‘Annadata’ (farmers) increased periodically.
•  Direct financial assistance was extended to 11.8 crore farmers.
•  For our government, social justice is an effective and necessary model.
•  Female enrolment in higher education has gone up by 28 per cent in 10 year.
•  Average real income has increased by 50 per cent.
•  Every year under PM Kisan Samman Yojana, Direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers.
•  PM SVANIDHI has provided credit assistance to 78 lakh street vendors, from that total, 2.3 lakh have received credit for the third time.
•  PM JANMAN Yojana reaches out Particularly Vulnerable Tribal Groups.
•  PM Vishakarma Yojana provides end to end support to artisans and craftspeople.
•  Scheme for empowerment of Divyang and transgender people reflects our resolve to leave no     one behind.
•  PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for entrepreneurial aspirations of your youth.
•  Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting our youth.
•  The National Education Policy 2020 is ushering transformational reforms.
•  PM Shri is delivering quality teaching.
•  Skill India Mission has trained 1.4 crore youth, upskilled and re-skillled 54 lakh youth and   established 3,000 new ITIs.
•  Large no. of institutions of higher learning namely 7 IITs, 16 IIITs, 7 IIMs, 15 AIIMSs and 390   universities have been set up.
•  The country received its highest ever medal tally in Asian Games and Asian Para Games in 2023.
•  Chess prodigy and our No. 1 ranked player Praggnanandhaa put up a stiff fight against world   champion Magnus Carlsen in 2023, today, India has over 80 chess grandmasters compared to   little over 20 in 2010.
•  The earlier approach of tackling poverty resulted in very modest outcomes When the poor became empowered partners in development process, government's power to assist them increases manifold. In the last 10 years, the government has assisted 25 crore people to get freedom from multidimensional poverty.
• 2cr more houses will be built under PM Awas Yojana Gramin 1cr houses will be taken to rooftop solar units to generate free electricity.
• Housing for Middle Class, Govt will launch a new scheme to buy and build their own houses.
• Making Triple Talaq illegal, one third women's reservation in Lok Sabha and state assemblies, giving over 70% houses under PM Awas Yojana in rural areas to women as sole or joint owners have enhanced their dignity.
• Empowerment of Women through entrepreneurship, ease of living and dignity has gained momentum in last 10 years.
• 30 crore MUDRA Yojana loans have been given to woman entrepreneurs.
• Female enrollment in higher education has gone up by 28% in 10 years.
• In STEM courses, girls and women constitute 43% of enrollment, one of the highest in the world.
• All these are getting reflected in increasing participation of women in workforce.
• Besides delivering on high growth, the government is equally focussed on a more comprehensive GDP - I.e., Governance, Development and Performance.
• Ayushman Bharat scheme cover will be extended to all Asha, Anganwari worker and helpers.
• To ensure housing for middle class, the government will launch a scheme for middle class, this is to help them to buy or build their own houses for those living in slums, chawls or rented houses, she added.
• A committee to set up more medical colleges, free cervical Cancer vaccines for girls from 9-14 years.
• Nano DAP on various crops will be expanded in all agro-climatic zones.
• GST has enabled One Nation One Market One Tax.
• GIFT IFSC and Unified Regulatory Authority IFSCA are creating a robust gateway for global capital and financial resources.
• Proactive inflation management has helped keep inflation within the policy band.
• Matsya Sampada Yojana to be expanded to generate more employment, increase earnings.
• Despite the challenges due to COVID, implementation of PM Awas Yojana Rural continued and we are close to achieving the target of 3 crore houses. 2 crore more houses will be taken up in the next 5 years.
• India U.S. Europe sponsored Middle East- europe corridor: potential gateway for world trade for 100s of years.
• India assumed G20 Presidency during very difficult times, global economy was going through high inflation, low growth, high interest rates, very high public debt, low trade growth and climate changes.
• Pandemic has led to a crisis of food, fertilizer, fuel and finances while India successfully navigated its way and showed the world the way forward.
• India built consensus on global problems, the recently announced India Middle East Europe Economic Corridor is a strategic and economic game changer for India and others.
• Our government is ready to assist states in faster development of aspirational districts and blocks Government will pay utmost attention to make eastern region and its people a powerful driver of India's growth.
• Social Justice was largely a political slogan. For our government, social justice is an effective and necessary governance model !! The saturation approach of covering all eligible people is the true and comprehensive achievement of social justice, this is secularism in action, reduces corruption, prevents nepotism There is transparency and assurance that benefits are received to all eligible people, all regardless of their social standing get access to opportunities We are addressing systemic inequalities which have plagued our society, our focus is on outcomes and not on outlays so that socioeconomic transformation is achieved.

Disclaimer : The entire content of this document have been prepared based on relevant provisions and as per the information existing at the time of the preparation .Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, I assume no responsibility, therefore. Users of this information are expected to refer to the relevant existing provisions of applicable laws. The user of the information agrees that the information is not professional advice and is subject to change without notice. I assume no responsibility for the consequences of the use of such information.

IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT,INDIRECT,SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM,ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION.