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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).

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

At the GST Council Meeting, which will be led by Union Finance Minister Nirmala Sitharaman, the idea of setting up appeal tribunals is likely to be discussed.

49th GST Council Meeting tommorow: Know the agenda

Reverse Charge on Scrap could be introduced by GST Council Meeting

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