Sources indicated that the GST Council might consider increasing the lowest tax slab to 8% from 5% and pruning the exemption list in the Goods and Services Tax regime to enhance revenues and reduce states’ reliance on the Centre for compensation at its next meeting. A panel of state finance ministers is expected to deliver…
The Finance Ministry has given instructions to ensure the seamless implementation of the amended Customs regulations that allow for end-use-based notifications. The rules to simplify the procedures for converting shipping bills from one export promotion programme to another have been made public. From the beginning of next month, all taxpayers with a turnover of more…
The Goods and Services Tax Network (GSTN) has enabled the new ‘Geo-location’ functionality for filling out the Address of a new registration and changing the address of an existing registration. According to the GST Act and Rules, if the address of the major place of business or any other place of business changes, GST FORM…