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Approximately 73% of respondents think that the forthcoming Union Budget of 2023 must address the “reduction in costs of basic commodities like soap, detergent, cooking oil, etc.,” while 54% think that it should consider the GST exemption of important items. These results are from the Pre-Budget CSI Survey conducted by Axis My India. According to […]
The GST official has decided to rectify various tax rates and withdraw the tax exemptions, excluding building a series of amendments to the enrollment and GST refund process to increase the collections of revenue. On the second and the final day of the 47th GST meeting, the officials would see into the demand from the […]
The Directorate of Revenue Intelligence (DRI) is likely to re-send notices to exporters who are found guilty of availing inapt GST exemptions on exports preceded imports. The credit goes to the Supreme Court who put a stay on the order by the Gujarat High Court which earlier favoured the exporters by suppressing the notification allowing […]
In a setback to those firms resting in the northeast, the government has cleared that there will be no tax exemptions for the hilly states and northeastern regions under GST.
The UPA Government during the erstwhile VAT Tax regime had approved for tax exemptions to the suppliers of major FMCG Companies.
According to the official sources, it is not possible for the government to provide tax and duty exemptions on Apple products under the new taxation system.
Exporters and industry bodies pretend their problems related to the Goods and Services Tax (GST) such as full exemptions, timely refund of duties and easier compliance to Finance Minister Arun Jaitley.
Goods and service tax has been creating a widespread questionnaire among people from various genre and occupations and now Air conditioning and business refrigeration manufacturer, Blue Star Ltd said that it was anticipating more prominent clarity on Goods and Services Tax (GST) remuneration for their proposed greenfield plant at Jammu before advancing any further building the production line.
The GST official might revise the rate, for some services or products and remove some of the exemptions in a bid to revise the instance of the inverted duty. A group of ministers (GoM) led by Karnataka Chief Minister Basavaraj Bommai would work on the 2nd round of amendments for the GST rate. “The inverted […]
