Meanwhile 12% GST price is applicable on EVs, vehicle run by hydrogen gas mobile tech and hand propelled vehicles which include rickshaws.
a completely new GST amnesty plan is introduced to rationalise late expenses for hold off in submitting of GSTR-3B return. It provides a conditional waiver of late expenses for hold off in filing GSTR-3B return from July 2017 to April 2021. Just click here to know much more.
Dismissing reviews that the Division experienced taken care of the recoveries as turnover as well as the accused is permitted to deposit Rs fifty two crore as tax dues, it reported all the recoveries are kept inside the Risk-free custody of State Bank of India pending further more investigation.
1. There’s a fresh facility over the GST portal for tax filers to obtain the Bill-smart particulars of enter tax credit score which has been automobile-populated in desk 8A of your GSTR-9 once-a-year return.
The GST law is driven via the tips from the GST Council, that's a body acquiring representation from the two Central and State Governments, Hence promoting uniformity in legislation, follow, tax procedures and standardisation of reviews or filings.
She highlighted the ‘plan for Exclusive help to States for funds financial investment’, noting that though most financial loans are unrestricted, a part remains conditional on states applying citizen-centric reforms and distinct funds assignments across sectors. Sitharaman inspired states to leverage these loans by satisfying the stipulated requirements.
submitted on Monday, the complaint alleges that Gelvan and one other defendants orchestrated the deceptive fundraising functions, inserting countless phone calls soliciting donations, creating fundraising resources and supplying other crucial guidance to your sham charities.
Now the globe's idea of terrorism has greater in comparison with before times. the whole world isn't really tolerating it. international locations employing terrorism are stressed & are further reluctant
fiftieth GST Council Conference happened on eleventh July 2023. Decision was taken to deliver intimations for extra ITC promises in GSTR-3B in comparison with GSTR-2B earlier mentioned a particular Restrict by DRC-01C to seek response. more, GST on on-line gaming was fixed at 28% on total facial area worth.
It applies to this sort of taxpayers which have regular price of taxable provides more than Rs.50 lakh (not staying exempt or zero-rated supplies). the next taxpayers are exempted from this restriction:
read through more about the extensions in depth out within our article on push briefings as on 24th March 2020.
It could revise the built-in items and expert services Tax (IGST) Act to amend the place of provide provision involving items transportation to the ‘area in the recipient’ as opposed to the current ‘location of products’.
But GoM’s suggestion to levy 28% levy on the entire value of thought or the wagering quantity would make the sector unviable and significant income leakage.
Malaika Arora talks about ‘concept of accurate really like’ here amid Arjun Kapoor split-up rumours: ‘I’ll struggle for like till the pretty conclude’