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The FICCI is set for a conclave organization with the minister panel of 4 from south Indian states and would discuss the tax sharing formulae particularly related to the goods and services tax scheme along with some other issues of the GST in a conference. The conclave called ‘South India GST Conclave’ will be an […]
The upcoming council meet under GST shall decide the destiny of the national anti-profiteering authority (NAA) whose tenure ends in Nov. Apart from that, the department will also discuss extending the concessional rates towards the medicines concerned to the drugs which consist of Remdesivir in the next 3 months. FM Nirmala Sitharaman has decided that […]
Industry chamber PHDCCI called a 3-tier GST rate edifice through the highest slab at 18% to assist in surging the consumption and lessens the evasion. Beneath the goods and services tax (GST). The 4 GST rate structures Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the […]
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 […]
The Student Federation of India (SFI), one of the active student organization across the country, has once again knocked the doors of the temple of justice i.e. the Supreme Court of India to weed out the COVID-19 infection from the people especially the underprivileged, weak, poor, and disadvantaged section of the Indian society. Consequently, it […]
FICCI writes a letter to FM Nirmala Sitharaman highlighting the saturated position of the business service segment due to the COVID-19 outbreak in India. The business association (FICCI) stressed upon the urgent need for relaxations like GST rate cut, PF contribution support for the business service segment. The sector having the total employee accumulation of […]
The GST Council, headed by Finance Minister Nirmala Sithraman, on Saturday announced that it is exempting a particular number of registered persons from capturing dynamic QR code or issuing e-invoices. Additionally, the council extended the due date for the same to October 1, 2020, for the remaining persons. The President of FICCI, Dr. Sangita Reddy […]
Amidst the degrading situation of the Indian economy caused due to the Corona Pandemic, several industries are looking forward to the Indian government to support the businesses that are constantly stumbling due to the ups and downs in the market. Several industries are seeking some sort of relief in payment policies of GST Check out […]
