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The current rate of pencil sharpeners is 18%.

GST Council decreases levy of GST on pencil sharpeners to 12%

GST Tribunal: GST Council postpones the subject for next time for incorporating suggestions from states

Survey operations in Delhi & Mumbai by Income Tax Department

GST Council is deliberating on the recommendations of the Group of Ministers (GoM) on the GST Appellant Tribunal (GSTAT).

GST Council meeting: Council deliberating on recommendations on GST Appellate Tribunals

Reducing the GST rate on cement from 28% to 18% can cause huge losses. According to an estimate, due to reduction in GST rates on cement, there could be a loss of about Rs 16,000 crore in revenue annually.

GST Council Meeting today! Will the Tax rates of cement be Reduced?

In the event that the value of credit notes exceeds the total of the invoices and debit notes combined, the net ITC will turn negative, and taxpayers may report negative values in Table-4A. Moreover, taxpayers can now input negative amounts in GSTR-3B Table 4D(2).

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GST Council decreases levy of GST on pencil sharpeners to 12%

GST Tribunal: GST Council postpones the subject for next time for incorporating suggestions from states

Survey operations in Delhi & Mumbai by Income Tax Department

GST Council meeting: Council deliberating on recommendations on GST Appellate Tribunals

GST Council Meeting today! Will the Tax rates of cement be Reduced?

GSTR-3B Changes: Negative Values can now be reported in Table 4 (Input Tax Credit)