The Ultimate Guide To GST News
The Ultimate Guide To GST News
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“Enabling This could not only make certain that the enter tax credit score chain is intact but will even make compliances a lot easier and be certain that the enter taxes will not be loaded into the cost of healthcare solutions,” the FICCI letter reported.
in excess of two dozen men and women wounded following a tractor trolley carrying pilgrims coming back from Unnao achieved with a mishap mainly because it overturned in Ghatampur area in Kanpur district. Police on the spot
A taxpayer hasn't submitted GSTR-1 because of GSTR-3B not becoming submitted for a lot more than two consecutive months (1 quarter for individuals who opt in the QRMP plan).
The legislation committee has advised the introduction of a completely new Section 11A to your CGST Act, claimed a report
0 Cabinet is sworn into electric power. This is the 53rd Assembly on the GST Council and they're Conference just after 8 months. The last Conference was held in October 2023. Some of the key topics which have been envisioned being deliberated on include
Connected finance ecosystem for procedure automation, higher Command, increased cost savings and productiveness
The recipients can claim provisional input tax credit rating in GSTR-3B for the extent of five% instead of before ten% of the overall ITC obtainable in GSTR-2B for your thirty day period.
underneath the recent finance ministrynotification, only ED will share details with GSTN, and never the other way, the revenue secretary even more mentioned in the press meeting.
In its October Conference, the GST Council chose to impose a 28 for each cent levy on on line gaming, casinos, and horse racing. later on inside the March GST Conference, the council postponed the review in the 28 per cent levy imposed over the proceeds from on line gaming.
“given that June 2023, Specific emphasis has been to detect and apprehend the masterminds and disrupt syndicates, working across the nation. circumstances are already booked employing data Assessment aided by advanced complex resources which bring about the arrest of masterminds.
Even a little Road vendor will tell you, 'UPI', not hard cash. this variation explains how thinking gets empowered when usefulness is obtainable: PM Modi
MUV classification couldn't be taken up on account of short of time; GST on cement did not think of the fitment committee; GST on millet-primarily based well being products and solutions needs additional discussion.
Utilisation of ITC from electronic credit history ledger to discharge in excess of 99% with the tax legal responsibility for specified taxpayers – with the whole taxable value of provides exceeding click here Rs.50 lakh in the month, with some exceptions.
one. GST on fertiliser corporations: The Standing Committee on substances and Fertilisers had encouraged reducing down GST applicable on raw resources and nutrients to help farmers and tackle the interest of fertiliser firms. These tips had been designed in February and should arrive up for deliberation in currently’s meeting.
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