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The Central Board of Indirect Taxes and Customs has notified the Amnesty Scheme effective 1 November 2024 and has issued the clarification on interest and penalty or both in respect of demands under section 73 of the CGST Act pertaining to financial years 2017-18, 2018-19 and 2019-20.
The tax is to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than ₹ 5000 and if the annual turnover of purchase and sales of all the goods is not less than ₹ 1,00,000 (one lakh) is supposed to be registered with the local civic body i.e. municipality.
The Quarterly Return Filing and Monthly Payment (QRMP) Scheme is a simplified compliance regime under the Goods and Services Tax (GST) in India. It is available to registered taxpayers whose aggregate annual turnover (PAN based) is up to ₹ 5 Crore in the current financial year and the preceding financial year (if applicable) and have already ...
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In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
One of the best post-Christmas sales we look forward to every year is Nordstrom's Half-Yearly Sale, which typically kicks off the day after Christmas and lasts for a couple of weeks.Ring in the ...
The “Yellowstone” prequel “1923” is branching out into new territory. Starting this December, new and existing “1923” viewers will have a another way to watch the series when it hits ...
Download as PDF; Printable version; In other projects ... Tax amnesty; Tax advantage; Tax incentive; ... the Government of Gujarat has vide notification no. GHN ...