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GST council chaired by Finance Minister Arun Jaitley, it is expected that the next council meeting will held on 24th October in New Delhi and the council members will discuss the rates of remaining 60 items.
In the forthcoming times, the GST appellate tribunals (GSTATs) start functioning at the State and Centre level in the subsequent 6 months, according to Government sources. The GST officials in the coming meeting carried forwards the norms, Group of ministers is working for that and is led by Haryana deputy chief minister Dushyant Chautala. “The […]
Infosys is now geared up to release a new GSTR filing form in order to simplify the IT return form for the business units as ordered by the GSTN Group of Ministers (GoM).
The government has recently proposed 46 new amendments to the GST law (central GST, state GST, and integrated GST) and revenue compensation law.
In a meeting held of the finance ministers of various Indian states for reviewing of the GST reverse charge mechanism, it has been recommended that section 9(4) of the CGST Act, 2017 should be deleted.
GST composition scheme which is subjected to give relief to small businesses can be mold to new forms as GST Council is trying to make it more attractive and comprehensive for traders.
In a GoM panel which has been set by the union tax body and GST council has been sorting to view upon issues and complications regarding the micro, small and medium enterprises (MSME) sector in the second meeting scheduled for 29 October.
The government has revived efforts towards GST rate rationalization, evident in the reformation of the ministerial group within the GST Council. This group, previously tasked with streamlining the intricate tax structure and adjusting its multiple rates, had been dormant following changes in political dynamics. Initially led by former Karnataka CM Basavaraj Bommai, it went inactive […]
A recent report has brought attention to the current status of state finances, emphasizing the persistent deficit in budget revenue. The report underscores that this deficit is causing limitations in capital outlay, particularly impacting the allocation of funds for developing assets. Furthermore, the report highlights the necessity of rationalizing the goods and services tax (GST) […]
