Dear Reader, Kindly find below updates of the decisions taken on the 27th meeting of the GST Council. The meeting has considered the below main subjects for discussion: New Return Design system Incentives for Digital Payments Sugar and Ethanol GSTN to be a fully owned Govt. company The detailed analysis of each subject is […]
Dear Reader, It was a pleasure to present you the analysis of the Union Budget 2018 on the very same day. The various provisions of the Finance Bill are explained below in the simple language to the extend possible: Education Cess: Education cess and Secondary and Higher Education Cess will be discontinued which was 2%[…..]
Dear Friend, It has been around six months; the GST law is being introduced. During the six months, many changes were being made by the GST Council. Mainly such changes relates to either procedural issue or the rate of taxation. However, there will be very rare instances in which the Council will change the place[…..]
The GST Council, in its 22nd meeting has recommended the following changes in the GST Regime: Composition Scheme: The threshold limit for composition turnover has been increased to Rs. 1 Cr from existing limit of Rs. 50 Lacs. The facility of availing composition under the increased threshold shall be available to both migrated and[…..]
