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A smart humanitarian step regarding GST elimination on the equipment, including wheelchairs, crutches and hearing aids by an 11 years old schoolboy.
In the 34th meeting, the GST Council gave a green signal and finalised the modalities for changing the new tax rates on residential flats, thereby giving the builders options to choose.
As per the sources, the service providers with an annual turnover of up to INR 50 lakh has been given the time till April 30 to opt for the composition scheme and pay 6 per cent GST by the tax department.
Get all the year 2018 notifications, circulars, orders given by the central board of indirect taxes department issued for clearing out any change in provision, rules, conditions or extension of due dates for any particular form. The notifications are necessary for all the businesses and taxpayers to be updated with all the regular changes in […]
GST 2.0 regime is a new advancement in GST taxation. It is assured for a single, moderate, standard rate of tax by the Congress, which would be covering all goods and services.
GST council had already finalized the decisions regarding the alteration in the GST rates on real estate to 1% & 5% for affordable houses and other under construction properties respectively.
The start of the new financial year 2019-20 has also come with slight changes in the income tax and GST rules from April 1. The changes that were announced during the interim budget 2019 will come into effect from April 1, 2019.
The e-way bill system in the coming time would be enabled to calculate the distance for movement of goods bases the postal PIN codes of the source and destination locations but, there would be a 10% variation allowed.
The GST Council and the Government of India has received orders by the High court to get the online portal opened for the submission of TRAN-1 form of GST before March 31, 2019.
