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The Allahabad high court held that the GST dept to provide the suggestion to the union government for building the appellate tribunal in Allahabad and for 4 states benches Ghaziabad, Lucknow, Varanasi, and Agra in Uttar Pradesh. The two judges S P Kesarwani and Justice Y K Srivastava said to the central and to the […]
Businesses dealing with the levy of around Rs. 46,000 crores as interest on delayed GST payments are expected to get some relief as the GST council is proposing to calculate interest on their net tax liability and with a retrospective effect. Finance Ministry has not yet concluded how much shall be accumulated from the assessee. […]
The All India Food Processors’ Association (AIFPA) in a letter to FM appealed against the higher existing rates of processed foods. The processed unbranded food falls under the slab of 5% whereas their branded peers fall under 12%. The companies are putting up their concern for setting up a wrong trend in the market which […]
It is highly anticipated from the market experts that the GST council will increase the tax on mobile phones and fabric in the upcoming week. This action is likely to be taken from the government end in order to boost the revenue collection as well as correct the inverted tax structure. Presently, 12% GST is […]
On 24th Feb 2019 GST council in its 33rd meeting, Council mulled over the proposals to cut GST rates on real estate. Once the proposals are cleared, buying an under-construction apartment will become cheaper.
The Confederations of All India Traders ((CAIT) head of organization traders wrote a letter to the Union Finance Minister Arun Jaitley wherein the traders have demanded the three GST slab rates instead of levying GST at five different slab rates.
Just Before 31st GST Council Meeting which is set to be scheduled on December 22, 2018, Aam Aadmi Party (AAP) has written a letter to the Arun Jaitley, Finance Ministry of India and chairman of GST Council to give some suggestion on the GST.
The Institute of Chartered Accountants of India (ICAI) forms an indirect tax committee which is also responsible for any valuable suggestion for any changes or introduction of forms in the GST act.
While speaking at the Global Cruise Conclave on Thursday in Mumbai, Union Minister for Transport and Shipping Nitin Gadkari assured that the matter to reduce GST rate on cruise tourism will be discussed in the upcoming GST Council meeting.
