Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Extracts from the GST-related amendments that were included in the Finance Bill for 2023 (Budget 2023-24), which Union Minister of Finance Mrs Nirmala Sitharaman submitted to the Loksabha on February 01, 2023. Except for those in clause 142, modifications proposed in the Finance Bill, 2023 will go into effect on the date they are announced, […]
Overview of the Direct and Indirect Tax Proposals in Budget 2023 (Finance Bill 2023) presented by Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs. Key Highlights of Finance Bill 2023 for Direct Tax In Budget 2023, the Finance Minister announced a number of changes to personal income tax, including a rise in the […]
Through the Finance Bill, 2023, the government is likely to make changes to the Goods and Services Tax (GST) law that will prevent businesses from receiving tax credits for the purchases of goods and services that they make on behalf of the community as part of their corporate social responsibility (CSR) obligations. According to two […]
The union budget 2022 has brought multiple proposals as well as amendments to the goods and services tax (GST) law and act. The Nirmala Sitharaman with his 4th union budget presentation made some GST proposals in the parliament in the Finance Bill 2022. Major Key Changes of GST in Finance Bill 2022 Let us check […]
Recently Section 16(2)(aa) on Input Tax Credit has been added by Finance Bill. And the implication of this insertion is that it has empowered already existing Rule 36(4). The reason for inserting 16(2)(aa) is being that Rule 36(4) was weak and so, has been challenged before various Authorities & High Courts many times. Consequently, there […]
The budget 2021, which was announced by the Finance Minister on Feb 1, 2021, proposed many changes in a range of finance sectors. The sectors which were affected the most by the recent Indian budget are taxation, personal finance, pensioners, etc. A number of proposals for amendment in certain GST rules were also proposed by […]
In February the e-way bill generation has been increased to 9.73 crores. In 4 months it is the highest and indeed the all-time high generation for the second time. In March it is anticipated to secure a positive impact on GST collection. Since February is just 29 months, numbers for the month are also crucial. […]
On Wednesday, the Rajya Sabha gave its nod to a bill designed to streamline the establishment of Goods and Services Tax (GST) appellate tribunals (Goods and Services Tax Appellate Tribunal). This endorsed bill introduces significant alterations to the criteria for appointing tribunal members, instituting a mandatory minimum age of 50 for both members and presidents […]
Finance Minister Nirmala Sitharaman presented an amendment bill in the Lok Sabha aiming to simplify the establishment of GST appellate tribunals (GSTAT) by altering its members’ appointment terms. While 28 Tribunals Have been Identified for Setup The Central GST (Second Amendment) Bill, 2023, proposes widening the selection criteria for judicial members. It suggests including advocates […]
