Posted on 13 June 2022
39 th GST Council Meeting, Law and Procedure related changes
39 th GST Council meeting held on 14 th March,2020 at New Delhi, has made the following recommendations on GST Law and procedure
1 . Measures for Trade facilitation:
Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively).
Where registrations have been cancel
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Posted on 13 June 2022
Changes in GST rate on supply of goods and services, 39 th GST Council Meeting
39 th GST Council meeting held on 14 th March, 2020 at New Delhi took following decisions relating to changes in GST rates on supply of goods and services.
The recommendation of the Fitment Committee for calibrating the GST rate structure to correct the inverted duty structure on various items like Mobile phones, Footwear, Textiles and Fertilizers was placed before the
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Posted on 13 June 2022
38 th GST council meeting, GST rate changes
38 th GST Council meeting held on 18 th December, 2019 at New Delhi took following decisions relating to changes in GST rates, exemptions,
To exempt upfront amount payable for long term lease of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government. Presently, the exemption is available to an entity having 50% or more ownership of Central or State Government
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Posted on 13 June 2022
GST rate on lotteries
The 38th GST Council meeting in New Delhi on 18.12.2019 has casted a ballot to tax all lotteries under the highest slab of 28 per cent. This uniform GST rate for lotteries will be actualized the nation over. In its meeting chaired by Finance Minister Nirmala Sitharaman.
To levy a single rate of GST @ 28% on both State run and State authorized lottery. This change shall become effective from 1 st March, 2020.
Latest GST rate on lotteries under highest G
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