The Centre has requested proposals from trade and industry bodies on prospective adjustments in direct and indirect taxes, with the goal of increasing the tax base while lowering rates in the next budget, which is due in three months.
The
n a major relief to members of resident welfare associations, the Madras High Court has ruled that the goods and services tax (GST) is applicable to monthly maintenance amount exceeding ₹7,500 only and not on the full amount. This means
