In the 28th GST council meeting, it was finally decided to waive off the GST on sanitary pads and now they will not be taxed under the GST. But one must not be confused with the actual impact on the sanitary pad.
Powerd By SAG INFOTECH
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In the 28th GST council meeting, it was finally decided to waive off the GST on sanitary pads and now they will not be taxed under the GST. But one must not be confused with the actual impact on the sanitary pad.
All started when the MP High Court has supported the move to impose a fine of Rs. 1,32,13,683 on Gati Kintetsu Express Pvt Ltd as it failed to comply as per the requirement of the e-Way bill.
In the recently concluded National Conclave on Mines and Minerals Ms Aruna Sharma, Union Steel Secretary, stressed on rationalizing royalty and auction money before they can be subsumed as ITC under GST.
Now it’s time to file Income Tax Return (ITR) i.e. 31st July 2018. Taxpayers who are about to file the tax return on time will get to see the sudden surge of compliance.
The administration has taken the high pitched scrutiny into consideration and will take care of the taxpayers who are getting tortured by the assessment officers in the matter of evaluating taxes.
As the GST eway bill is scoring new heights on the parameters of all across the country, there is news coming of surging GST eway bill generation months over a month.
Amidst rising criticism on the multi-slab tax levied under GST, Prime Minister Narendra Modi in a recent interview to Swarajya magazine put forth his Government’s logic on the same.
When the GST was introduced on the midnight of July 1, 2017, many pundits termed it as India’s second tryst with destiny. Tryst though is a not an appropriate word to describe a landscape changing move like GST.
On Tuesday, The Finance Secretary Hasmukh Adhia assured that the GST is now way past its troubled teething stage. Just a month ahead of its 1st anniversary, GST has now entered a smooth phase with increased tax compliance.