GST News Secrets
GST News Secrets
Blog Article
a number of items and products and services will Charge far more from July 18 with the products and products and services Tax (GST) Council approving an increase in charges to deal with inverted responsibility structures and withdrawing some exemptions.
Ayurvedic practitioner claims she under no circumstances eats ‘skin of potato, seeds of tomato, and white pith of pepper’; we uncover why
Refund of taxes more info for the shops founded within the departure location of an international Airport beyond immigration counters creating tax cost-free provide to an outgoing international vacationer by filling FORM GST RFD- 10B with a monthly or quarterly foundation.
The because of day to post TRAN-01 for carrying ahead the transitional credit is extended to 31st March 2020 for the people taxpayers who could not file before on account of specialized glitches.
"the subsequent five years will likely be a golden interval for trade and smaller corporations," the freshly minted member of Parliament from Chandni Chowk and secretary normal of traders' body CAIT mentioned.
full source chain solution for final Manage, easy collaboration, and confident compliance
41st GST Council Conference is going to be held on twenty seventh August 2020 by using VC Together with the essential merchandise on agenda becoming the approaches to compensate to the GST revenue shortfall into the states.
The Reserve financial institution of India's directive to levy penalties only in the shape of 'penal costs' is posing a tax Predicament for banking companies. banking companies worry that the oblique tax on these types of levies would bring in the goods and providers tax (GST).
"GST Council’s conversations now on on the internet gaming ended up substantive. The Council will make certain it really is in contact with IT ministry. We are going to align Along with the regulation the ministry delivers in," she claimed.
entire offer chain solution for top Regulate, easy collaboration, and assured compliance
The problem of levying GST on corporate guarantees between relevant entities stays unsure until the Supreme Court's remaining conclusion.
The committee suggested a set 28% GST price on horse racing, casinos and on-line gaming in its first report. The report also pointed out the base worth for taxation.
comprehensive source chain Remedy for greatest Handle, easy collaboration, and confident compliance
The Karnataka authorities on November twenty five directed the regional transport authorities to charge five for each cent comfort payment and GST from the journey hailing companies on each autorickshaw ride from the travellers.
Report this page