Compensation Cess is to be provided to a State for five years from the date the State brings its SGST Act into force. 12. GST levied & taxes brought into GST. GST applies on all goods and services, except for Natural Gas Aviation Turbine Fuel Petrol Diesel Petroleum Crude Alcoholic Liquor...
The stated explanation came into force on 01st January 2022. Trade and field formations expressed a great lot of uncertainty over how the Tax Authorities would handle the recovery due to the mismatches between GSTR-1 and GSTR-3B. Under the provisions of Section 79 of the CGST Act, 2017,...
On 29th March 2017, the Government introduced the Goods and Service Tax to unify the state economies and enhance the country's overall economic growth. GST is a form of indirect tax that subsumes all other taxes. The GST Act became effective on 1st July 2017, and since then, GST has rep...
While the government clarified that the hike that came into force from October 1st, 2023, was not retrospective, claims emerged of some of the tax demands in these orders going back years, which some argued was retrospective taxation. Thus, many contested these notices, including Dream Sports, ...
The notification regarding the establishment of the GST Council was issued on Saturday the 10th day of September 2016 and the provisions came into force on Monday the 12th day of September 2016. Article 279A having provisions regarding the establishment of the GST Council was inserted after Artic...
The Goods and Services Tax Act was passed by Parliament on March 29, 2017, and came into effect on July 1, 2017. This pivotal reform marked a significant shift in India’s tax landscape, intending to reduce the tax burden on businesses and consumers while promoting a unified market across ...
Legislation: The GST Act was passed in Parliament on 29th March 2017 and came into effect on 1st July 2017. It is a single domestic indirect tax law for the entire country. Tax Structure: It is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. Ta...
implying gst. the gst act was passed in parliament on march 29, 2017. the tax came into force on july 1, 2017. gst was done to improve the nation’s economic growth and deal more effectively with taxes. types of gst there are various types of gst which are 1. central goods and serv...
Brought into force by the Indian Legislature in 1970, the Contract Labour Act basically seeks to ensure that the working conditions of contract labour is regulated. This Act would apply to any establishment wherein 20 or more people are employed as contract labour. Similarly, it would also hold...
followed my startup process, and i was delighted with her support on every moment. Great, great experience.” Antonio Colella “I came to know about Enterslice through a friend. Since then I have done GST Registration through them. The services are consumer centric and fast. I have ...