About GST News
About GST News
Blog Article
Meanwhile 12% GST rate is relevant on EVs, auto driven by hydrogen fuel cell tech and hand propelled cars which include rickshaws.
2. owing day of boasting ITC, producing income/credit history-debit Notice amendments of the economic 12 months is prolonged upto 30th November of yr subsequent the economic 12 months.
The decriminalisation of offences and extension on the composition plan to e-tailers undoubtedly are a several essential highlights through the spending plan 2023. For entire GST highlights, browse our funds 2023 highlights
India government to remain fiscally prudent for more policy actions, established to satisfy price range gap aim, financial study suggests
There happen to be hits — a complete digitisation of tax compliance infra and e-invoicing, strong earnings assortment, and close to-consensus choice Regardless of a politically billed setting — but some misses too.
linked finance ecosystem for course of action automation, better Regulate, increased financial savings and efficiency
On an average, 5% GST fee is relevant on carriages designed for specially abled. This incorporates the two motorized/non-motorized and in addition around the elements/add-ons of such carriages. This fee arrived into influence immediately after the decision of 31st GST Council Meeting in 2018.
The proposed merger of the two regulatory bodies may perhaps appear sensible offered the perceived commonality among the two – particularly, regulation of economic guidelines and safety of client passions.
during the 14-issue CII plan agenda for the new governing administration, Puri proposed the rationalisation of capital gains by bringing regularity in tax prices. to the oblique tax front, Puri prompt reforms to simplify GST and including petroleum products, electricity and property less than GST.
over and over the term, defensive shares is applied on the road. more often than not it truly is FMCG, pharma and Some others that happen to be referred to as defensive shares. The main reason becoming which the desire for these providers is continual and isn't impacted A great deal even when There is certainly any slowdown in an financial system. The question is in an overall economy which can be expanding faster and new regions of intake are arising every single 2nd working day, where by the demand from customers from remaining seasonal and cyclical has arrived at a stage in which in all financial circumstances it stays above single digit, shouldn't those also be regarded as defensive and valued accordingly.
It is really a pleasing coincidence that a number of weeks in the past India became the entire world's fifth largest economic climate. It can be a possibility for our youth to innovate making use of 5G technological know-how and draw in the attention of the worldPM Modi
ONGC, Oil India and Reliance would be Among the many beneficiaries of fuel being A part of the GST ambit in conjunction with city fuel distribution companies.
individuals can have to shell out much more as many goods and products and services will cost larger from July 18 onwards with the products and Services Tax (GST) Council approving price hike to handle inverted responsibility constructions and withdrawing some exemptions.
A registered taxpayer where by a lot more than Rs.one lakh is paid out as cash flow tax in the last two here FY in belated IT returns of himself or his proprietor or any two companions or running director, trustee or board, etcetera.
Report this page