The 54th GST Council assembly is about to make a significant determination on the GST charge on medical insurance premiums on Monday. Based on sources, the GST Council is probably going to offer vital aid to people and senior residents by slashing the GST charge on medical insurance premiums. Presently, there’s an 18 per cent … Read more
The GST Council, in its assembly to be held on September 9, is predicted to debate the roadmap for fee rationalisation train. Nonetheless, the ultimate choice might be taken afterward. “The committee of officers will make an in depth presentation in the course of the assembly on deliberations taken place until now on the speed … Read more
The Commerce Division has determined to take up with the GST Council and the Finance Ministry the GST associated issues confronted by exporters, similar to problems with compliance, refunds and audits, to make sure speedy redressal of grievances, sources have stated. Exporters have been complaining about receiving show-cause notices from GST authorities, both suo moto … Read more
The central authorities might be able to repay ₹2.69 lakh crore loans it had taken to compensate states for GST income loss in FY21 and FY22 by November 2025, 4 months forward of its scheduled compensation, an official has stated. The total compensation of the market borrowings is anticipated sooner than the beforehand calculated timeline … Read more
The GST Council on Saturday agreed to provoke dialogue on fee rationalisation in its subsequent assembly scheduled to happen throughout mid-August. It would additionally focus on the problem of compensation cess which has a sundown clause of March 31, 2026. In the meantime, Finance Minister Nirmala Sitharaman reiterated that the intention of the federal government … Read more
Producers of pan masala, gutkha and comparable objects will get time until Could 15 to implement particular process for registration and month-to-month return submitting. The brand new mechanism goals to plug income leakage below GST. A notification by Central Board of Oblique Taxes & Customs has prolonged the deadline to Could 15 from April 1. … Read more
The GST Council is prone to quickly make clear that the Actual Property Regulatory Authority (RERA) is not going to be required to pay Items and Providers Tax (GST), an official stated. In response to the official, RERA, which capabilities as a regulator in addition to facilitator for the realty sector, is roofed beneath Article … Read more
An organization offering meals to its staff, both instantly or by means of a contractor, shall be handled as a restaurant service and shall be ineligible for Enter Tax Credit score (ITC) underneath Items & Companies Tax, Himachal Pradesh’s Appellate Authority for Advance Ruling (HPAAAR) has dominated. Although the orders of the AAAR and AAR … Read more