Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
According to Amitabh Kant, CEO of NITI Aayog, top renowned oil companies such as Reliance Industries want petroleum products must be brought under the Goods and Services Tax (GST) Regime.
In the 22nd meeting of GST Council which was held on 6th October 2017, the council decided to withdraw Gems & Jewellery industry from the scope of prevention of Money Laundering Act (PMLA).
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.
After GST implementation, it may be on air that small businesses burdened with the tax but the initial report is not favouring the same.
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.
