The CGST and SGST would be levied at rates to be jointly decided by the Centre and States. The rates would be notified of the recommendations of the GST Council. Is GST mandatory? In the GST Regime, businesses whose turnover exceeds Rs. Forty lakhs (Rs 10 lakhs for NE and hill states...
Prelims level: GST Council Mains level: Powers and Functions of GST Council Why in the news? The 53rd meeting of the Goods and Services Tax (GST) Council convened in Delhi, chaired by Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, on Saturday, June 22nd. What is the...
In a co-lending arrangement, the co-lenders split their mutual roles i.e the co-lender performs various services pursuant to the co-lending arrangement, the same cannot be constituted as a separate supply provided to the other co-lender. For example if the borrower interface is being done by...
When the Indian economy faced an unprecedented macroeconomic crisis in 1991, fiscal consolidation constituted a major objective of the policy response. For this purpose, it became necessary to: (a) enhance tax and non-tax revenue, (b) cu... V Rani 被引量: 1发表: 2014年 Simplified Accounting...
The council decided to reduce the GST rates on electric vehicles from 12 to 5% and charger/charging stations from 18 to 5%. Mobilization of Revenue A Group of Ministers or GoM was constituted to study the revenue trend and assess the underlying reasons behind structural patterns influencing the ...
(i) an architect registered with the Council of Architecture constituted under the Architects Act, 1972; or (ii) a chartered engineer registered with the Institution of Engineers (India); or (iii) a licensed surveyor of the respective local body of the city or town or ...
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...
“If there are any breaches under the law, either today, or after we’ve notified the Act, those breaches will be taken up by the Data Protection Board on or after the day it is constituted…The window between now and the Data Protection Board’s constitution is not a holiday, or a ...
(No. 2) Act, 2004 Service Tax was imposed on Transport of Goods by Road service rendered by a goods transport agency with effect from 10-09-2004. However, the levy was deferred until further notice again in view of transporters’ strike. The Government thereafter constituted a Committee to ...