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The Parliament received the assent of the President on the 16th August, 2024 and the Finance Bill is now ‘The Finance (No. 2) Act, hereby published for general information.
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CBIC Chairman Sanjay Kumar Agarwal on Wednesday said the decisions taken at the GST Council meeting last month, like amnesty scheme for initial years of rollout and sunset date for profiteering complaints, will be incorporated into the Finance Bill to be tabled in Parliament, along with the Budget later this month.
The forthcoming budget may give some tax incentives to entities engaged in environment-friendly green projects, sources told TNIE.
The term ‘waiver’ is typically understood as a voluntary relinquishment or abandonment of a known existing legal right.