Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Chief Minister Pramod Sawant has been appointed as convenor of the reconstituted GST Council Group of Ministers (GoM) to enhance the real estate sector under the GST regime. In an official statement, this was quoted by the office of the Goods and Services Tax Council. By the State, Sawant was appointed as a permanent member […]
The GST council as part of taxpayers friendly decision suggested the exemption of interest and penalty for the matters of tax demand remarked that have been sent u/s 73 of the GST act, Finance Minister Nirmala Sitharaman expressed after the meeting. Nirmala Sitharaman expressed that in the matter of demand notices issued for 2017-18, 2018-19, […]
To provide transparency in the telecom sector the forthcoming GST council meeting is been scheduled for June 22 in New Delhi. The council might recommend the requirement for definitive guidelines on the GST timing regarding spectrum allotment to telecom companies. The council can specify for the telecom companies the payment of license fees and spectrum […]
On 22nd June, the 53rd meeting of the GST council was conducted. To refine the tax rates and service exemptions under the GST regime, various recommendations were made in the meeting. Union Finance Minister Nirmala Sitharaman addressed the meeting and deliberated on distinct proposals to facilitate GST applicability for goods and services. Key Updates on […]
GST council is speeding up to reexamine the exempting reinsurance business from GST. The same review is slated to emerge after the general elections spanning from April 19 to June 1, 2024, aimed at electing the 543 members of the lower house of Parliament, as per the report. The Council may furnish a clarification stressing […]
The occurrence of online fraud related to GST payments has witnessed a surge. Cybercriminals are employing tactics like phone calls, SMS, and emails to deceive individuals into downloading GST payment challans. However, once the person clicks on the provided link, their bank account may be drained of funds completely. In response to these incidents, the […]
The Madras High Court ruled that the GST Council doesn’t have the authority to determine the classification of flavoured milk while providing relief to Parle Agro regarding its taxability. In a recent judgment, a single judge bench declared that flavoured milk should be subject to a 5 percent GST rate. This contrasts with the GST […]
In the midst of India’s prolonged decline in exports, the Goods and Services Tax (GST) Council has implemented several measures aimed at stimulating foreign trade. One of these measures involves granting tax credits to service exporters who receive payments in Indian rupees. This move is particularly significant for trade with nations like Iran and Russia, […]
The upcoming meeting of the Goods and Services Tax (GST) Council, scheduled for Saturday, will address several important matters regarding tax rates. One of the key topics to be discussed is the taxation of millet-based product mixes. It is likely that the council will consider implementing a “zero tax” policy for millet products that are […]
