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In a survey, it was discovered that Indian Inc.’s confidence in Goods & Services Tax (GST) has increased to 84 per cent in 2024 as against 72 per cent in 2023. The survey took place when the new indirect tax regime was set to complete 7 years ago. This positive opinion is reflective of supply […]
Prime Minister Narendra Modi stated that his govt is dedicated to proceeding on the reform’s path to “transform people’s lives” and pointed to the introduction of goods and services tax (GST) to help lower prices of commodities. For us, reforms are a mechanism to enhance the lives of 140 crore Indians. After the preface of […]
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 […]
The petitioner in the matter of Bheemaneni Projects v. Deputy Assistant Commissioner ST III, heard by the Andhra Pradesh High Court under Article 226 of the Constitution of India, asked for relief against the rejection of their appeal contesting an adjudication order and subsequent rejection by the 2nd respondent. The applicant, a firm headed by […]
By requesting the Centre to redress the grievances concerning Goods and Services Tax (GST), the Tamil Nadu Food Grains Merchants Association has written to the Union Finance Minister Nirmala Sitharaman. The president of the association S. V. S. S. Velshankar, said that when GST was incorporated, Finance Minister Arun Jaitley had expressed that when GST […]
In the matter of “In re EFC Logistics India Pvt. Ltd. (GST AAR Odisha),” M/S EFC Logistics India Pvt Ltd (after this referred to as the ‘Applicant’), filed an application for an advance ruling u/s 97 of the CGST Act, 2017, and the related section of the OGST Act. The petitioner is a Goods Transport […]
The Ministry of Petroleum and Natural Gas (MoPNG) will work on bringing petrol, diesel, and ATF under the goods and services tax (GST), Oil Minister Hardeep Singh Puri cited. Questioned regarding charging GST on these fuels, Puri stated, “We will try. The Minister of State (Suressh Gopi) and I will both work on it.” The […]
Union Budget 2024 Release Date Till now the coming Union Budget 2024 exact date is not known. Normally, the full-year budget is presented in the first or second week of July in general election years. The first budget of Modi 3.0 that FM Nirmala Sitharaman will present is anticipated to concentrate on the measures to […]
The GST regime in India is a faster system with the tax rates within the amendment by the Government. In finding the applicable tax rate for the supplies made at the time of these rate revisions, Section 14 of the Central Goods and Services Tax (CGST) Act, 2017, plays a vital role. This blog facilitates […]
