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The Government has clarified that necessary items part of baby bags will be levied 18% GST. This comes after a few manufacturers had sought to pass wet baby wipes under a different GST code as non-woven textile material.
The anti-profiteering authority of the goods & services tax (GST) is closely inspecting the top manufacturers of sanitary pads including Johnson & Johnson (J&J) and Procter & Gamble (P&G) to see whether they are passing on the GST price reduction benefits to the buyers/consumers of sanitary napkins or not.
Post-July 2018 (one year of GST), there has been a genuine effort by the Government and the GST Council, in particular, to cut down on the burden that GST rate has had on the common man’s pocket.
The GST return filing process along with the return forms are set to get revised soon. The GST Council has already approved the new return filing structure, which is now under consideration in the ongoing session of Parliament.
Recently the GST council has made some recommendations in order to provide some relief to the tax department in case any taxpayer files any frivolous case against the tax assessment.
2017 GST notifications are mandatory for all the relevant and current happening within the goods and services tax regime.
The Delhi High Court has asked to withdraw the petition, which was filed by Meerut Publishers Association and Institute of Management Association, on the constitutional validity of the RCM (reverse charge mechanism) under the GST
Kolkata is popularly known as the City of Joy. But the GST regime it seems has not brought much joy to the security agencies in the city as well as the state.
The Finance Ministry has still not made a decision in the 29th GST council meeting on the rules and conditions to give a refund of GST on goods purchased by foreigners to take them out of India.
