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Author Mr. B.Venkateswaran I.R.S, Assistant Commissioner Central GST (Retired) has expressed his views on the new section 128A which provides for the waiver of interest or penalty for certain tax in the PPT attached.
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The Union Finance Minster Nirmala Sitharaman on Tuesday presented the Union Budget 2024 in Parliament focused on several areas inducing the agriculture, manufacturing, and services sectors.
Centre should reduce the Goods and Services Tax (GST) on the sector, allocate more funds for skill development, and provide incentives to invest in sustainable tourism. Currently, different services in hotels and restaurants attract different GST slabs. FHRAI said that a 12 per cent rate should be imposed across all categories.
“Several suggestions have come up and I shall take up with the GST Council,” Sitharaman said on the withdrawal of 18% goods and services tax (GST) on life and health insurance premiums