price Slash choice on Electric vehicles, chargers & leasing thereof deferred; Committee to submit its report
4. Inclusion of gasoline prices less than GST: Even with a demand for this for very long, petrol and diesel price ranges appear to be unlikely to be integrated underneath the ambit of GST. among A very powerful thought will be inclusion of viewpoint from all states and each point out must unanimously conform to this.
regarding agenda and expectations, it is actually witnessed for a vital meeting with a host of difficulties on which selection is anticipated. the very first GST Council satisfy after the Modi three.0 Cabinet was sworn in is about to think about-
Seizure and confiscation of goods and conveyances in transit are now designed a individual proceeding within the Restoration of tax from portion 74.
There happen to be hits — a complete digitisation of tax compliance infra and e-invoicing, robust profits collection, and near-consensus final decision Regardless of a politically charged setting — but some misses also.
Exemption is granted to instructional establishments and Central and condition educational boards for conducting entrance exams to any authority, board or maybe a body build from the CG or SG which includes National Testing Agency (NTA) for entrance examinations for admission to educational establishments.
In a press release issued on Wednesday, IRF explained eliminating GST on helmets will make regular helmets far more inexpensive with the masses and may discourage them from acquiring helmets of here substandard excellent, thus cutting down probability of head damage and Demise among two-wheeler riders all through a road accident.
The Assembly targeted at improving upon GST price rationalization and revenue augmentation. The Council may well talk about amendments to your IGST Act and probably lower GST costs on electric powered cars, millet-based mostly wellbeing products, and insurance policies goods.
The letter was prepared following the board famous that many tax officers ended up abusing the Remarkable case clause, initiating Restoration proceedings prior to the expiry of the desired three-month interval, even in program conditions, forcing the companies to move courts to hunt stay about the Restoration procedure. This captivated not just adverse opinions in the judiciary but in some cases even penalty.
It relates to these kinds of taxpayers who have monthly worth of taxable supplies more than Rs.50 lakh (not getting exempt or zero-rated materials). The following taxpayers are exempted from this restriction:
Under individual settlement agreements submitted currently, Gelvan and his associates are completely barred from taking part in any charitable fundraising, and from deceiving buyers in almost every other fundraising effort - like for political action committees (PACs).
Bharti Airtel, a best telecom operator in India, has amplified its prepaid and postpaid program selling prices by up to Rs 600. the choice is aligned Together with the sector’s trend of elevating rates to take care of support quality amidst soaring info usage and network demands. Airtel stresses the importance of bigger tariffs for sustainability and improvement.
a few tribunal benches are now being put in place in Uttar Pradesh, the very best variety allotted for just a condition. Karnataka and Rajasthan have two benches Just about every.
from the 53rd GST council fulfill held on Saturday, the government decided to exempt both penalty and interest furnished they pay back the principal tax desire by March 31, 2025