Article 279A having provisions regarding the establishment of the GST Council was inserted after Article 279 of THE CONSTITUTION (ONE HUNDRED AND FIRST AMENDMENT) ACT, 2016. The Union Finance Minister is the head of the GST Council while the First Meeting of the council was held on 22nd and ...
At its 53rd meeting, the Goods and Services Tax (GST) Council proposed inserting a new section to the Central Goods and Services Tax (CGST) Act that would give the Government the power to potentially withdraw retrospective show cause notices in a move that could benefit multiple real money ...
According to Indian Constitution, the authority to levy taxes on the sale of commodities lies with the State Government and the authority to levy taxes on production and services lies with the Central Government. According to the taxation structure in vogue, excise is levied on...
What is the GST Council? The GST Council is a constitutional body established under Article 279A of the amended Constitution of India. It is a joint forum consisting of the Union Finance Minister (as Chairperson), the Union Minister of State for Finance, and representatives from each state and...
In a notification, the Central Board of Indirect Taxes and Customs (CBIC) has said "the Central Government, on the recommendation of the Council, notifies 'Public Tech Platform for Frictionless Credit' as the system with which information may be shared by the common portal based on consent......
such other person or class of persons as may be notified by the Government on the recommendations of the Council. Interesting to note person specified in 9, 10 and 11. Every seller on E-commerce portal, as well as every E-commerce portal needs to get registration done. Even the companies...
Also read: GST Council Meet Highlights, Full List of Items to get CostlierEvery successful GST registration recipient receives a GST registration certificate in Form GST REG-06, which lists the primary and additional places of business and the GST Identification Number (GSTIN). The registration ...
16. Updation of Form DRC 03 - Intimation of payment made voluntarily or made against a Notice Form GST DRC 03 has been updated to include payment in DRC 03 against inspection, scrutiny, intimation of tax ascertained through FORM GST DRC-01A, Mismatch (Form GSTR-1 and Form GSTR-3B) ...
“gov.in” handles were found redirecting users to sites linked to online betting and investment scams, TechCrunchreported. The issue persisted months after the news portal had originally flagged it and affected websites like that of the Indian Council of Agricultural Research (ICAR) and the state...
It is significant to note that through this article a new authority called the “GST Council” will be constituted. The article requires the President to constitute the GST Council within 60 days from the date the amendments contained in the bill are notified. The GST Council will comprise of...