govt ought to style and design a similar tax costs slab on specific products and providers and remove the various price boundaries on which distinct tax prices are applied in the event of 1 certain product to ensure taxpayers might not exploit the loopholes of the GST framework. Presently facility of ITC claim is far too much complicated, portion

The courtroom concluded that colourable gadgets could not be considered a A part of tax arranging and the info of the moment circumstance clearly established the taxpayer experienced carried out impermissible tax avoidance arrangements.  A web site to highlight important modifications to Indian taxation law which is able to affect the corporate e

rationalization 1. – For the objective of exemption under this entry, this entry shall go over products and services by way of leasing of residential dwelling to your registered human being where by, – The CBIC’s Notification No. 02/2024-Central Tax (Rate) introduces numerous effective variations into click here the GST rates on certain go