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What is the Income Tax Form 10EE for Pensioners? The income tax portal has updated the system towards Form 10EE pensioners form (‘Taxation of income through retirement benefits account maintained in a reported country’) to get furnished in following the rule 21AAA for Financial Year 2023-24 would be available to file upon the portal of […]
There will soon be a rise in the bill of the patient, with the GST council deciding to impose a 12% GST upon the service of collection of biomedical waste through these hospitals. The same tax load would be passed on to the patients by the hospitals. GST council will withdraw the exemptions on the […]
Traders all over the country have asked for the withdrawal of the decision of the GST for the exemption on prepacked unbranded food items and levy of a 5% GST. The Confederation of All India Traders (CAIT) issue a memorandum to all the state finance ministers asking for taking back the decision as this would […]
Various tax rate amendments, along with the low-cost hotel accommodation, expensive hospital room rent, solar water heaters, coal bed methane, cheques, and select farm equipment, would get forced from 18th July and the online retailers would be exempted on the need of registration on par with brick-and-mortar traders with effect from 1 January, specified by […]
The GST official has decided to rectify various tax rates and withdraw the tax exemptions, excluding building a series of amendments to the enrollment and GST refund process to increase the collections of revenue. On the second and the final day of the 47th GST meeting, the officials would see into the demand from the […]
Goods and Services Tax officials would discuss some amendments in the law it is seeing to introduce, notified by CNBC-TV18. The same shall consist of the changes to GSTR-3B the monthly GST return which is to get furnished via assessee among the others. GST officials would notify the ease compliance bottlenecks for the e-commerce suppliers […]
Central Board of Indirect Taxes and Customs (CBIC) has asked the assessee to furnish their monthly GST returns for May within the date of 20th June, while late fee submission will cause late fee and interest liability. The tax counsel reminded the assessee who did not subscribe to the quarterly return filing scheme and the […]
5 years before, on July 1, 2017, India had started the biggest amendment in its indirect tax system through the GST that would improve the complete indirect tax structure and lastly amend tax administration and compliance. In the former 5 years, the GST implementation proves to be a ride like a roller coaster for the […]
Karnataka Chief Minister Basavaraj Bommai-led group of ministers (GoM), GST council has set up the same in the former year to recommend the methods towards increasing the revenue by rationalizing tax rates and amending the anomalies in the tax framework, seems to meet on June 17. Ministers would discuss the proposal to transfer the rate […]
