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GST Council likely to ease compliance for taxpayers. May wave need to file refund claims by condoning 2-yr COVID period, sources.
GST Council Likely To Ease Compliance For Taxpayers
May Wave Need To file Refund Claims By Condoning 2-yr COVID Period
May Extend Timeline For Filing GSTR-4 to July 28 From June 30 For FY22
Council Likely to extend due date of filing of Form GST CMP-08 to July 30
Source: Twitter
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Finance Minister Nirmala Sitharaman announced a range of taxation changes, including for both direct and indirect tax. As part of the indirect taxes, FM Sitharaman announced a rationalisation of customs tariffs, relief on import of drugs and medicines, reduction in basic customs duty for many items, and under direct taxes, rationalisation of TCS and TDS, the announcement of zero tax for income of up to Rs 12 lakh.
Hoteliers have been confused over a listing in the exercise to revamp the Goods and Services Tax (GST). While the announcement says Indian rotis, including parathas, will not attract any tax, many are asking why idli, dosa, puttu, idiyappam and other South Indian staples have not been exempted.
Post Views: 470 Gujarat has to recover a sum of Rs 7,183.61 crore from the Goods and Services Tax (GST)…