N K Singh, Chairman, of Fifteen Finance Commission, mentioned that the concern about the effective operation of the GST council could be repeated in the other sectors of the Indian economy, such as agriculture, the social sector, and the economy with digital links. The participation of the Ind...
The GST is managed & governed by GST Council and its Chairman is Union Finance Minister of India. The GST is a value added tax to be levied on all goods and services throughout India. The revenue generated from GST will be shared between the States and Centre in a definite ratio to be...
GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on 21 Dec Indiaretailing Bureau - December 3, 2024 Currently, GST on beverages, cigarettes, tobacco and related products are 28 per centNew Delhi: The GoM on GST rate rationalisation on Monday decided...
The Union Cabinet in its meeting held on 12th September, 2016 approved setting-up of GST Council and setting-up of its Secretariat.Please click here to read the Press Release The GST council is chaired by the Union finance minister with a state finance minister as deputy chairman. All the s...
A lot of challenges have been faced by the idea of the government i.e merging the National Anti-profiteering Authority (NAA), which penalizes businesses for goods and services tax (GST)-affiliated profiteering, with the anti-trust regulator Competition Commission of India (CCI) along with the ...
As we step into the monsoon season, July also brings important updates and deadlines, marking the commencement of the second half of the financial year 2024. Recently, on June 22, the GST Council held the 53rd GST council meeting, and introduced a conditional waiver of interest and penalties...
Define GSTN. GSTN synonyms, GSTN pronunciation, GSTN translation, English dictionary definition of GSTN. abbreviation for public switched telephone network: the conventional message switched telephone network Collins English Dictionary – Complete and...
Association of Person or Body of Individual –Members of Managing Committee (personal details of all members is to be submitted but photos of only ten members including that of Chairman is to be submitted) Local Authority – CEO or his equivalent ...
The 38thmeeting of the GST Council met under the Chairmanship of the Union Minister for Finance Corporate Affairs Smt Nirmala Sitharaman here today The meeting
Said Nipun Jain, chairman, SMPMA, “Pharma exporters are aggregating GST because of inverted duty structure- a situation in which inputs are levied at a higher tax than finished goods. Active pharmaceutical ingredients or raw materials is levied GST at the rate of 18 per cent whereas formulatio...