To be eligible for the Composition Scheme under GST, a business must meet certain conditions. First one is no Inter-State Sales which means the business can only sell goods or services within the same ...

Due to a reduction in the GST rate, the government treasury may get a reduction of Rs 36000 crore. However, the final ...

More and more consumers are lodging complaints with India’s National Anti Profiteering Authority (NAA) against fast moving consumer goods (FMCG) firms for not passing the GST rate cut benefits ...

Section 128A of the Central Goods and Services Tax (CGST) Act introduces an amnesty scheme aimed at resolving pending GST disputes by waiving interest and penalties for specific tax periods, provided ...

Life insurance riders, such as critical illness, accidental death, and disability riders, offer additional coverage and can also provide tax benefits: - Premiums paid for health-related riders, such ...

HOW WILL THIS MOVE BENEFIT PATIENTS? While the basic customs duty will lower the import costs of the drugs, the GST council's ...

CHANDIGARH: Punjab Finance, Planning, Excise and Taxation Minister, Advocate Harpal Singh Cheema, has issued a directive to maximize taxpayer participation in the GST amnesty scheme introduced for non ...

GST 'carve up' sees billions in tax dollars allocated to states and territories based on their relative need and ability to ...

The MCA president argued that the GST is a more effective taxation system than the current Sales and Services Tax (SST). "As per the Finance Ministry's 2024 Fiscal Outlook Report, the benefits of ...