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Notifications issued by CBIC on 28.02.2023 to give effect to recommendation of 49th GST Council Meeting. CBIC issued Notification No. 01/2023-Central Tax (Rate) to 04/2023-Central Tax (Rate) and also issued similar notifications under UTGST and IGST Act, 2017. In Addition…
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2023-Union Territory Tax (Rate) dated the 28th February, 2023 G.S.R. 149(E).—In exercise of the powers conferred by sub-section (1) of section 7 of the Union Territory Goods and Services…
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2023 – Integrated Tax (Rate) New Delhi, dated the 28th February, 2023 G.S.R. 148(E).— In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated…
GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 03/2023-Central Tax (Rate) dated the 28th February, 2023 G.S.R. 147(E).—In exercise of the powers conferred by sub-section (1) of section 9 and sub-section (5) of section 15 of the…
Delhi Deputy Chief Minister Manish Sisodia flagged a discrepancy in tax rates on papad and “kachri” (fryums) at a meeting of the GST Council on Saturday and sought its rectification. Sisodia said “kachri” is not a premium product and that…
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in New Delhi today. Recommendations on GST compensation, Appellate Tribunal, GST rate etc were made by the Council.
The Goods and Services Tax (GST) Council is likely to consider in its meeting on Saturday uniform practices for GST audit for adoption by the Centre and the States. At present, businesses are subject to a multiplicity of audits by…
The government will consider and then place industry’s demand to shift the GST levy on purchase of scrap metal to a reverse charge mechanism before the GST Council, in view of the operational difficulties and legal disputes arising from non-compliance…
The 49th meeting of the GST Council is scheduled to be held in Delhi on 18 February, Saturday. Chaired by Union Finance Minister Nirmala Sitharaman, the meeting is likely to discuss setting up appellate tribunals and mechanisms to curb tax evasion…
Amit Mitra, the West Bengal CM’s Principal Chief Advisor, has written to Finance Minister Nirmala Sitharaman on Friday (February 17), a day ahead of the GST Council meet, urging her to call a special meeting to address challenges faced by…