An empowered group of ministers (GoM) set up to look into rate rationalisation may propose pruning Goods and Services Tax (GST) exemptions on certain goods and services and correcting the inverted duty structure during the next GST Council meeting.
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST on Hotel Rooms ≤ Rs 7,500: 5% Rate, No ITC for Hotels or Business Travellers
- GSTN Releases Key FAQs on GSTR 9/9C Filing for Financial Year 2024-25
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System