Irrespective of our superior work, govt receives adjusted everytime. Earlier we lost as voters got swayed away under Modi wave. We had been profitable MP, CG & Rajasthan (in 2019 elections) but shed. I ask for the men and women to present us An additional possibility

As per the latest media reviews, the GST Council may talk about on making parity while in the manner of taxing Indian and international shipping and delivery lines for Indian exporters.

She reported all states are aware of the potential influence of charge rationalisation on inflation and any increase in GST charges will likely make up for that tax stress borne by some other things to do in that price chain.

Seizure and confiscation of products and conveyances in transit are now made a individual continuing from the recovery of tax from segment seventy four.

India may perhaps exempt GST on companies concerning international airline operators' head offices and native entities. The fitment committee is reviewing for your ultimate tax exemption final decision, thinking of routine maintenance products and services, rental fees, and hotel accommodation.

The provisional attachment shall continue to be legitimate for the whole period ranging from the initiation of any proceeding till the expiry of the period of 1 calendar year in the day of get designed thereunder.

15:00 (IST) 22 Jun 2024 GST Council Assembly 2024 Dwell: What can possible be spots of debate during now’s Assembly? Smita Singh, husband or wife, S&A Law Offices, mentioned, “The Council is predicted to handle and supply clarification on various concerns which require clarification/ resolution for pretty a while now. Among the most pressing issues which needs fast clarification is relevant to on the net gaming. Previously, on the web gaming companies were being charging GST at eighteen% on System service fees, but now deal with an increased tax amount on specific on the web gaming services.

spending budget 2024: resources knowledgeable ET which the Union price range 2024 is expected for being offered on July 22. the first coverage priorities will include addressing troubles within the agriculture sector, building work, retaining the momentum of capital expenditure, and boosting income advancement to remain about the fiscal consolidation route. Furthermore, the government aims to simplify GST and reduce tax compliance burdens.

CBIC also clarifies the refund of accrued ITC is accessible about the inward provides matter to reverse cost system, imports and ISD invoices that don't variety Section of GSTR-2A of these kinds of receiver.

nonetheless, The problem persisting is the base price for computing GST, which didn't get consensus in the committee. however, the GST Council may not take a get in touch with at the future Council meeting.

Even a small street vendor will show you, 'UPI', not funds. this alteration describes how thinking gets to be empowered when comfort is obtainable: PM Modi

The new rule, which came into power from April 1, 2024, was brought in with the central bank to make certain "reasonableness and transparency" in disclosure of penal curiosity. having said that, banking companies have asked the tax authorities to spell out their stand on the issue.

Further, the GST exemption checklist was trimmed down and modifications into the GSTR-3B structure are actually opened up for community recommendations.

within the 53rd GST council meet up with held on Saturday, the government chose to exempt the two penalty and curiosity more info supplied they pay out the principal tax desire by March 31, 2025

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