I think it absolutely was an exceedingly welcome remark: French envoy on PM Modi's reviews to President Putin that present-day era just isn't of war
For summary of each CGST and IGST notifications, orders and circulars, look into the beneath articles-
In terms of agenda and anticipations, it can be noticed as a essential Conference that has a host of issues on which selection is expected. the primary GST Council Meet after the Modi three.0 Cabinet was sworn in is set to look at-
The thanks date to submit TRAN-01 for carrying forward the transitional credit is prolonged to 31st March 2020 for the people taxpayers who could not file before on account of technological glitches.
fiftieth GST website Council meeting is happening on 11th July 2023. examine the newest news and the top anticipations in this article.
Also current were condition finance ministers, other ministers, senior officials from states and Union Territories with Legislature, and Reps from your central governing administration.
On an average, 5% GST level is relevant on carriages intended for specifically abled. This consists of each motorized/non-motorized as well as around the pieces/extras of such carriages. This price came into influence after the choice of 31st GST Council Meeting in 2018.
38th GST Council Assembly will occur on Wednesday, eighteen December 2019. The agenda involves key amount revisions, relook in to the scenarios of inverted tax composition and simplification on the future new GST return technique. read through further more with regards to the Council meeting here.
Moreover, the delay in establishing these tribunals experienced burdened the Writ Courts, which had to acquire up much more simple fact-centered instances which might have been handled from the GSTAT.
On 27 February this calendar year, the insurance policies regulator issued a circular to all general and standalone health insurers to ‘mandatorily start and promptly provide’ an ‘proper products’ and also a ‘precise address’ for persons with mental ailments, disabilities and HIV/AIDS.
Finance minister Nirmala Sitharaman claimed any rise in GST costs is intended to make up for "inefficiencies" in the value chain.
The brand new rule, which came into power from April 1, 2024, was introduced in via the central bank to ensure "reasonableness and transparency" in disclosure of penal curiosity. nonetheless, banking companies have requested the tax authorities to spell out their stand on The difficulty.
The GST on petrol and diesel and each of the passenger fuels will consider many time. GST on ATF and normal gasoline could are available in ideally before long, but for other petroleum products like petrol and diesel and also other passenger fuels, exactly where loads of income is involved, it will eventually consider some time, states Pratik Jain, associate, PwC India
A registered taxpayer exactly where a lot more than Rs.1 lakh is paid out as profits tax in the final two FY in belated IT returns of himself or his proprietor or any two companions or managing director, trustee or board, and so forth.