About GST News
About GST News
Blog Article
The GST Council is ready to debate operational glitches over the GST Network portal and look for a resolution prepare from Infosys, which has won the deal for managing back again-finish for GSTN in 2015.
Ayurvedic practitioner claims she under no circumstances eats ‘skin of potato, seeds of tomato, and white pith of pepper’; we uncover why
The Council will meet up with all over again in August to finalise the GST fees for on the internet gaming, horse racing and casinos — a decision it put off this time for clean stakeholder consultations. It could also kick off the method to type an appellate tribunal for resolving GST disputes, envisaged considering the fact that its start in July 2017. With above a dozen States urging the Centre to carry on the GST payment paid out to them for the 1st five years from the GST routine as earnings flows are already strike because of the pandemic, it truly is hoped that clarity will come by means of on this difficulty through the August meeting.
Connected finance ecosystem for course of action automation, increased control, increased financial savings and efficiency
Caught among a notion that on-line video games are absolutely nothing but a prosperous man’s gambit that only whips up greed and encourages gambling, India’s $2 billion on-line gaming field oday suffers from a significant image trouble.
Connected finance ecosystem for method automation, larger Handle, higher personal savings and efficiency
The Finance Minister confident ministers that their recommendations will be carefully deemed in the upcoming formulation from the Union Budget for another fiscal year.
New Delhi, which lifted the import responsibility on gold not too long ago, just isn't considering any more administrative measures right away to clamp down imports.
50th GST Council meeting came about on eleventh July 2023. determination was taken to mail intimations for extra ITC promises in GSTR-3B when compared to GSTR-2B previously mentioned a specific limit by DRC-01C to hunt reaction. even further, GST on online gaming was fixed at 28% on complete face benefit.
On 27 February this calendar year, the insurance policies regulator issued a circular to all general and standalone health and fitness insurers to ‘mandatorily launch and right away provide’ an ‘proper item’ and also a ‘unique go over’ for folks with psychological ailments, disabilities and HIV/AIDS.
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It could revise the built-in merchandise and Services Tax (IGST) Act to amend the place of source provision involving products transportation on the ‘site in the recipient’ as opposed to The present ‘location of products’.
Moreover, here initiatives could possibly be made to appropriate the inverted responsibility structure, which at the moment causes input tax credit score accumulation issues in specified sectors.”
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