From hijab to denims: in a Mumbai university, learners battle together above the right to decide what to have on

India governing administration to stay fiscally prudent For additional coverage steps, set to meet spending budget gap purpose, financial Survey suggests

Refund of taxes to the retail outlets established while in the departure location of a world Airport over and above immigration counters producing tax free provide to an outgoing international vacationer by filling type GST RFD- 10B over a regular monthly or quarterly basis.

The provisional attachment shall continue to be valid for the entire interval ranging from the initiation of any continuing till the expiry of the period of a person 12 months within the day of get created thereunder.

this tends to empower the officers to scrutinise GST returns of centre-administered taxpayers selected on The premise of data analytics and challenges identified by the program, a finance ministry statement reported.

In basic principle final decision to prescribe acceptable constraints for passing of ITC by risky taxpayers including risky new taxpayers (most likely be system pushed centered on their own activity)

Fertiliser firms could also get some aid as their refunds is usually processed just after a call is created. It had been stuck due to inverted tax composition, but a past round paved how for subsidy. 

fiftieth GST Council meeting is happening on 11th July 2023. read through the latest news and the top anticipations here.

India may possibly exempt GST on products and services between foreign airline operators' head workplaces and native entities. The fitment committee is examining for a closing tax exemption choice, contemplating servicing providers, rental expenditures, and resort accommodation.

IGST Refund due to upward rate revisions after exports: A system is being released for saying refund of extra IGST paid as a consequence of any upward revision in cost of the goods following their export supporting taxpayers assert refunds for paying out further IGST as a consequence of such transfer.

segment 75 of GST Act states where There may be any self-assessed tax, it can be recovered devoid of issuing show induce recognize and also the Restoration proceedings below area 79 could be straight invoked.

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The transition from the multi-tax ‘handbook’ atmosphere here to your technological innovation-pushed, uniform and solitary GST framework has become an ambitious coverage shift.

Some opposition-ruled states contended that This may be "unlawful" and may problem this in the Supreme court docket, declaring any decision on the borrowing possibilities required to be endorsed from the council, starting a potential showdown Along with the Centre.