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On Wednesday National Anti-Profiteering Authority has requested his tax council to convey the advantage of GST price which gets diminished on things relevant to covid things. It is indeed asked to give priority to the common consumer complaints. Beneath the GST act NAA which is a law, the mechanism is allocated to convey the relief […]
You shall be surprised to know that as per the report of SBI research, the government exchequer shall improve even after the 2 pandemic shocks that the Indian economy has received — If it is assumed that there would be no third pandemic, the fiscal position of the Centre and states for Financial Year 2022 […]
Amidst the claims or so-called rumours that the state will no longer exert pressure on the Government of India with reference to taxation related issues on Covid combating drugs and devices, The highest authority of GST in India, the 44th GST council Meeting that is chaired by Union Finance Minister, shall meet about the issue […]
This step has been taken by the Government of India in response to the regular grievances made by some states. The Government of India, in the context of fiscal woes of states regarding vaccination for Covid 19, has made a new vaccination policy. As per new policy, the Centre has consented to contribute three-fourth of […]
The Group of Ministers (GOM) led by Meghalaya chief minister Conrad Sangma submitted to the council on Monday the recommendation that No change in the 5% GST rate for Covid vaccines Reduce GST to 5% on both commercial imports and domestic supply of most other Covid medicines and materials. Furthering the recommendations, the GOM also […]
An NCR-based firm that imported oxygen cylinders & regulators from abroad and thereafter donated them to the Delhi Government has challenged the Centre’s decision of excluding the aforesaid imports from the Adhoc GST exemption that is meant for COVID-19 relief material. Delhi HC Shall Hear the Writ Petition on Thursday Against The Finance Ministry of […]
In the wake of the intense second Covid-19, Haryana has become the first state in the country to grant reimbursement of GST that is paid on Covid-related donations that are made to the state and state-run facilities. However, this exemption shall be valid till June 30. The aforesaid step has been taken to boost Covid-related […]
Owing to the second Covid-19, there has been a sharp slowdown in economic activity that has resulted in a fall in a one-year low of average daily e-way bills in the month of May. As per data released by Goods and Services Tax Network, 19.4 million e-way bills under GST have been generated on its […]
In yet another incident on Sunday, the Finance Minister Justified her perception on waiver of GST on Vaccines, COVID drugs, and Oxygen concentrators. She commented that GST exemption on Domestic Supplies of Vaccines Commercial Imports of Vaccines COVID Drugs Oxygen Concentrators would make the aforesaid items even costlier owing to the fact that manufactures would […]
