WebFour years of GST 4 Primary objectives One nation one tax Ease of doing compliances Seamless flow of Input tax credit • GST implemented into the Indian indirect tax framework from 1 July 2024 through a special session convened by Parliament One common portal for GST compliance vis-à-vis multiple portals in the pre-GST regime Web1 day ago · Category 4 Cyclone Ilsa lashes northwest Australian coast. By: Rod Mcguirk, The Associated Press Posted: 11:13 PM CDT Wednesday, Apr. 12, 2024. Advertisement.
Next 5 years of GST in India, CFO News, ETCFO
WebJul 2, 2024 · The indirect tax rates applicable to the logistics and shipping sector have increased under GST i.e. from the earlier 4.5% to 5% on import ocean freight, and from 15% to 18% on handling and other services. GST rate on bunker fuel was reduced to 5% from 18%, thereby reducing costs. Multimodal transport is taxable at 12%. WebJul 15, 2024 · The next five years of Indian GST would focus on easing compliance through the use of technology and catching the tax evaders. The government's revenue is bound to accelerate in the next five years, giving enormous impetus to the government for increasing public spending. ETCFO. July 15, 2024, 08:05 IST. cilfynydd green energy limited
Five years of GST : evolution and the road ahead
WebJul 1, 2024 · GST Authorities can investigate affairs of taxpayers for a long period of 5 years and 9 months. It is common experience that GST Authorities calls for details and … Web21 hours ago · Missouri man freed from prison after 40 years files lawsuit. By: The Associated Press Posted: 12:31 PM CDT Thursday, Apr. 13, 2024. Advertisement. WebJul 9, 2024 · Five years after the Goods & Services Tax (GST) was introduced, the central government claims it has fulfilled its objectives. The Opposition, however, point to a near breakdown of trust between the states and the Union with the latter pocketing the gains and passing the losses to the states. Consumers and taxpayers have also been losers as the ... cilfrew rovers fc