The most prominent challenges the Central Government faced in the GST regime have been tax evasion and fake invoicing. The Central Government has notified various amendments to the CGST Act, 2017 and CGST Rules, 2017, in the past few months. In this article, we have summarised some of the key amendments applicable from 1 January 2021.
Source: mastersindia.co
Latest Posts in "India"
- India to Impose New Health and Security Tax on Tobacco Machinery, Amend GST Compensation Levy
- Punjab Trade, Tax Bodies Threaten Statewide Stir Over Delayed VAT, GST Refunds
- Briefing Document & Podcast: E-Invoicing and E-Reporting in India
- Meghalaya Extends VAT Exemption on Fruit Wine to 10 Years, Boosting Local Wine Industry
- Allahabad HC: Arbitrary GST Registration Cancellations Without Reasons Amount to ‘Economic Death’ for Businesses
