5 Easy Facts About GST News Described
5 Easy Facts About GST News Described
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The council can also consider up advice on the fitment committee on inverted responsibility structure of 15 products, officers conscious of the subject told ET. even so, a broader means of charge rationalisation could be pushed for afterwards, they explained.
The ITC was obtained on the basis of invoices without the need of real receipt of any items/providers. Jhaverchand Soni, the husband or wife of Shemaroo amusement, had explained to officers that he was only compensated for signing some paperwork.
total supply chain Resolution for greatest Command, effortless collaboration, and assured compliance
Taxpayers can now file a nil GSTR-3B through SMS from registered cell range of authorised signatory for a specific GSTIN. Read more in this article.
The owing day for shelling out GST and submitting GSTR-3B is notified with the months October 2020 till March 2021: twentieth(AATO >Rs.5 crore) or twenty second or 24th of future thirty day period (For The remainder, relying on the State of basic principle area of enterprise).
although the council is needed to satisfy after each quarter, the final Conference was held in October past yr.
Russia has withdrawn its troops from the the moment-occupied metropolis of Lyman, as Ukraine's japanese counteroffensive recaptures a lot more territory, stories AP
36th GST council meeting which was scheduled on twenty fifth July 2019 has actually been postponed. day for being declared before long.
"GST Council’s discussions now on on the net gaming have been substantive. The Council will guarantee it really is in contact with IT ministry. We're going to align with the regulation the ministry delivers in," she stated.
“due to the fact June 2023, Particular emphasis has been to determine and apprehend the masterminds and disrupt syndicates, functioning across the country. situations are booked making use of data Assessment aided by advanced technological instruments which cause the arrest of masterminds.
The GST Council could deliberate over a advice to amend the Act at its future Conference on June 22, In keeping with a news report.
A registered taxpayer paid more than 1% of his GST legal responsibility making use of only his electronic dollars ledger, for every one of the tax durations in the current FY so far.
New composition plan is introduced for support providers and people who supply products and services coupled with goods; the Turnover limit set is here Rs 50 lakhs as well as Tax charge is fastened at 6%.
while in the 53rd GST council meet up with held on Saturday, the government chose to exempt each penalty and curiosity offered they pay out the principal tax desire by March 31, 2025
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