CBDT forms committee to review Income Tax Act, will eliminate ‘sunset’ clauses
An internal committee under the CBDT has been established to review the Income Tax Act of 1961. The committee will be led by VK Gupta, Chief Commissioner of Income Tax.
Tag: sunset date
GST Council Meeting on June 22: Key issues on sunset clause, monetary limits, and sector clarifications
As the GST Council gears up for its meeting on June 22, several major issues are on the agenda that could significantly impact the regulatory landscape for businesses and taxpayers alike.
GST anti-profiteering cases to be taken up by the appellate tribunal
The GST Council in its Saturday meeting might mandate the GST Appellate Tribunal (GSTAT) to adjudicate anti-profiteering cases and introduce “sunset date”, allowing filing of such complaints only up to April 1, 2025.