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According to the official sources, it is not possible for the government to provide tax and duty exemptions on Apple products under the new taxation system.
It is anticipated that the government might reduce the tax rates of items or products falling in the highest slab category i.e., 28 percent.
GST council revised the GST rates and took major decisions in a recent meeting to help small businesses and exporters. Now, the Council is not in a mood to further twist the GST rates.
Transporters have decided to go on strike on 8th and 9th October as they are frustrated by the frequent changes in GST rates and diesel prices.
Find all the latest updates on GST council meetings held after the implementation of goods and services tax. The latest 31st GST council decides about GST new return filing system, GSTR forms revisions, GoM meeting along with GST slab rate reduction.
Definition Of AAR Under Section 100 Of The CGST Act, 2017: An Authority For Advance Rulings (AAR) is a platform to resolve the doubts regarding Goods and Services Tax on questions specified under CGST act.
It is now in the hands of GST council and all the Group of Minister (GoM) to decide the further sequence of tax refunds of Integrated goods and services tax.
The government has favoured the traders who are pleading for time extension to sell their old priced goods after GST. The time has been extended until 31 December 2017 in which the traders who have old stock remained with them can sell it till the end of this year.
Online GST registration application is an essential step under GST regime for every taxpayer or business owner whose annual turnover is above 20 lakh.
