GST News Things To Know Before You Buy
GST News Things To Know Before You Buy
Blog Article
Therefore, the Council experienced proposed 0 charge for millet foods preparation. This was relevant for millet flour in powder sort at the same time presented 70% of it comprised of millets by pounds if offered loose and in the event of pre-packaged goods the 5% require to be millet.
For summary of each CGST and IGST notifications, orders and circulars, check out the underneath content-
Maharashtra and Goa have 3 benches alongside one another for hearing appeals, Whilst Tamil Nadu and Puducherry have two benches collectively. Just about every of the northeastern states has a single tribunal bench.
Presently, e-invoice is Obligatory for companies having an once-a-year turnover of more than Rs twenty crore. within a notification issued on Monday, the centre stated it has amended the rule around the suggestions in the Council.
50th GST Council Assembly is happening on 11th July 2023. go through the most up-to-date news and the very best expectations here.
part sixteen amended to permit taxpayers’ declare of input tax credit depending on GSTR-2A and 2B. Henceforth, ITC on invoices and debit notes can be availed only when the main points of these kinds of invoice or debit Notice happen to be furnished from the provider inside the statement of outward materials, and such specifics are communicated for the receiver of this kind of Bill or debit Observe.
The council could also take into consideration an amnesty plan for disputes with the pre-GST routine as well as a proposal to help make biometric-based mostly Aadhaar authentication obligatory for suspicious folks searching for GST registration.
The proposed merger of the two regulatory bodies may appear sensible supplied the perceived commonality in between the two – namely, regulation of economic legal guidelines and protection of consumer pursuits.
Moreover, the delay in putting together these tribunals experienced burdened the Writ Courts, which needed to choose up much more truth-centered scenarios which could have been addressed via the GSTAT.
Perquisites supplied by an employer to its workers generally catch the attention of the attention on the tax authorities. support supplied by an worker to an employer is exempted from GST.
Sign off within your latest logged-in account and log in once more using your ET primary qualifications to enjoy all member Positive aspects.
built-in refund method with refund disbursal by one authority to get launched from 24th September, 2019
"The GST Council’s intention is not to harm the web gaming field or states with more info casinos...I'm very pleased to mention that the Council discussed and understood the matter deeply and took a choice which had been pending for 2-three years," Finance Minister Nirmala Sitharaman stated inside the push briefing.
The Karnataka authorities on November 25 directed the regional transport authorities to demand 5 for every cent usefulness fee and GST in the ride hailing corporations on Every single autorickshaw journey from the passengers.
Report this page