I feel it absolutely was an exceptionally welcome remark: French envoy on PM Modi's remarks to President Putin that modern period just isn't of war

As per the latest media studies, the GST Council may additionally go over on producing parity in the fashion of taxing Indian and foreign shipping and delivery lines for Indian exporters.

GST Council's 28% tax on India's RMG sector has impacted revenues and margins of numerous skill-primarily based gaming firms from the nation and hurt Trader sentiment, In line with a brand new report.

during the First a long time, people today struggled in knowing the effect of The brand new regime on their businesses, finding their internal units revamped and coaching staff to undertake the requisite compliances.

India may exempt GST on providers concerning international airline operators' head workplaces and local entities. The fitment committee is reviewing for a last tax exemption determination, looking at upkeep companies, rental expenditures, and hotel accommodation.

experiences also suggest the GST Council may well determine reducing GST rates for all of the millet solutions on the nil category. even further, the GST charge on well being insurance for particular categories, which include senior citizens, can be minimized from 18% to 12%.

GST Authorities can examine affairs of taxpayers for a protracted period of five years and 9 months. it can be typical expertise that GST Authorities requires particulars and files for such a lengthy period Which much too inside of extremely quick time.

Taxpayers whose GSTR -3B to the thirty day period of October 2017 was submitted but not filed within the common portal.

GST Council users fulfilled by means of video clip read more conferencing to discuss and go the circulars drafted for rate cuts on economical and non-affordable housing underneath development.

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She encouraged states to make use of the fifty-12 months fascination-absolutely free personal loan scheme for reforms. States appreciated the help and offered tips to the upcoming Union Budget, with particular requests for initiatives and allocations.

Clarified that no GST would apply on particular guarantee made available from directors towards the financial institution against the credit rating limits/financial loans sanctioned to the corporate.

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