Reading Time: 2 minutesRecommendations made by 53rd GST council meeting held on 22nd June 2024 are as following;- 1. Waver of interest and penalty on demand notices issued under section 73 for FY 2017-18, 2018-19, 2019-20. Applicable in cases where tax is paid entirely by March 2025. 2. time limit to avail ITC u/s16(4) filed up to
Read More
Reading Time: 3 minutesGST Council Meet, The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of
Read More
Reading Time: 2 minutesGST Council Meet, The GST Council has made the following Recommendations in 32nd GST Council Meet. The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley took various decisions including giving the approval to increase in the turnover limit for the existing
Read More
Reading Time: < 1 minuteRecommendations of 32nd GST Council Meet, The GST Council has released a press note on Recommendations made during 32nd Meeting of the GST Council held on 10th January 2019. The GST Council in its 32nd meeting held today at New Delhi gave approval for the following: Recommendations of 32nd GST Council Meet a. Changes made
Read More
Reading Time: 4 minutes26th GST Council Meet Recommendations Finance Minister chaired the 26th GST Council Meeting on 10th March 2018 in Delhi, Several decisions were taken in this meeting, the decision of 26th GST Council Meet Recommendations are given below The existing system of filing returns has been extended for another 3months and meanwhile, GOM on the IT
Read More
Reading Time: 3 minutesRecommendations made during the 26th GST Council Meet Return Filing System Recommendations made during the 26th GST Council Meet, The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and
Read More
Reading Time: < 1 minuteForm GST ITC-01 for July, Aug, Sep Due date extended to 20th Nov-17 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 44/2017 – Central Tax New Delhi, the 13th October, 2017
Read More
Reading Time: < 1 minuteProposed GST on Petroleum and Gas Sector Government of India is keen to reduce the Cascading Effect of taxes causing by non-inclusion of Petrol, Diesel, ATF ( Aviation Turbine Fuel ), Natural Gases and Crude Oil in GST Regime and to make it lucrative investments in the E&P (Exploration and Production) sector and downstream sector,
Read More
Reading Time: < 1 minute
Reading Time: < 1 minute
