The person extra that The problem of tax incidence on on the internet gaming providers 'could be discussed during the council Assembly click here later, if representations are gained'.

For summary of every CGST and IGST notifications, orders and circulars, look into the under posts-

The decriminalisation of offences and extension of your composition plan to e-tailers undoubtedly are a several essential highlights through the spending plan 2023. For finish GST highlights, browse our spending budget 2023 highlights 

linked finance ecosystem for approach automation, bigger Command, increased savings and productiveness

IRDAI mandates creation of recent standardised cover for mental illnesses; will or not it's easier obtain insurance policy now?

area sixteen amended to allow taxpayers’ claim of input tax credit determined by GSTR-2A and 2B. Henceforth, ITC on invoices and debit notes may be availed only when the details of this sort of Bill or debit note have been furnished because of the provider in the statement of outward provides, and this kind of aspects have been communicated to your recipient of these types of invoice or debit Take note.

There was no final decision around the taxation of on-line gaming, casinos, and horse racing, as the GoM that reviewed The difficulty is questioned to produce a ultimate advice by July 15, subsequent a illustration from Goa on casinos.

I preach the phrases, “Studying never exhausts the head.” An aspiring CA plus a passionate information writer obtaining 4+ many years of hands-on encounter in deciphering jargon in Indian GST, earnings Tax, off late also into your much bigger Indian finance ecosystem, I love curating content material in various types to your desire of tax industry experts, and enterprises, each large and little. even though not creating, you can capture me singing Shāstriya Sangeetha and tuning my violin ;). browse far more

50th GST Council Conference occurred on 11th July 2023. determination was taken to send intimations for extra ITC promises in GSTR-3B when compared with GSTR-2B earlier mentioned a particular limit via DRC-01C to hunt reaction. even more, GST on on the net gaming was fastened at 28% on entire deal with worth.

Any extension of confident revenues to States could, however, translate into further soreness for people and marketplace, who already have to fork out the GST Compensation Cess levied on goods for instance cars and gentle beverages, till March 2026, as opposed to the June 2022 sunset promised before.

The issue of levying GST on company assures amongst related entities remains uncertain until the Supreme courtroom's final decision.

Integrated refund procedure with refund disbursal by one authority to generally be launched from 24th September, 2019

She is ready to chair the 53rd GST Council Assembly to discuss tax rates, policy modifications, and administrative difficulties, essential for shaping India's indirect tax system. The agenda for your Conference is nevertheless to become disclosed.

one. GST on fertiliser firms: The Standing Committee on chemical compounds and Fertilisers experienced advisable chopping down GST applicable on raw products and nutrients to aid farmers and deal with the desire of fertiliser firms. These suggestions were being made in February and may occur up for deliberation in nowadays’s Assembly.