The GST Council has inter-alia made the following recommendations relating to changes in GST rates on supply of goods and services and changes related to GST law and procedure: Note: The rate changes recommended by the 47th GST Council will be made effective from 18th July, 2022. A.Recommendations relating to GST rates on goods and services S. No….
Recommendations of 45th GST Council Meeting Following are few Highlighted point which has been taken into consideration in 45th GST Council meeting. Life-saving drugs Zolgensma and Viltepso used in treatment of Spinal-Muscular Atrophy exempted from GST when imported for personal use. Extension of existing concessional GST rates on certain COVID-19 treatment…
Section 115BAC: New tax regime under income tax act 1961. The Budget 2020 inserted a new tax regime under section 115BAC having an option to individuals and HUF taxpayers to pay income tax at lower tax rates. The new system is applicable for AY 2021-22 Individuals and HUF taxpayers are eligible to choose a…
