WebFeb 8, 2024 · The Union Budget 2024, presented on February 1, 2024, brought about several changes to the Goods and Services Tax (GST) regime in India. The changes, aimed at simplifying the tax system and boosting the economy, have generated much discussion and analysis in the business community. This article aims to provide a comprehensive … WebJun 30, 2024 · GST was introduced through the 101st Constitution Amendment Act, 2016. It is one of the biggest indirect tax reforms in the country. It was introduced with the slogan of ‘One Nation One Tax’. The GST has subsumed indirect taxes like excise duty, Value Added Tax (VAT), service tax, luxury tax etc.
Important Notifications issued in GST effective from 1st April 2024
WebGST - States Customs Foreign Trade Policy Special Economic Zone Foreign Exchange Management Company Laws Securities and Exchange Board of India Insolvency & Bankruptcy Code LLP/ Trusts/ Societies Indian Laws Wealth Tax Service Tax Central Excise Delhi VAT Central Sales Tax GST - Highlights / Catch Notes Home Highlights January … WebJun 30, 2024 · New Delhi: Goods and Services Tax (GST), India's biggest tax reform, was launched at midnight at Parliament's historic Central Hall, by President Pranab Mukherjee and Prime Minister Narendra... incentive\u0027s 0s
CA Nikhil M Jhanwar on LinkedIn: GST Highlights of Finance Act, …
WebFeb 21, 2024 · Impact of GST: Highlights of GST Rates in Hospitability Industry. Below is the list of highlights of GST rates in the Hospitability Industry-If the restaurant has a turnover is below Rs 75 lakh, then GST levies a tax of 5 percent; Non-AC restaurants will have to bear the tax rate of 12 percent. While restaurants with AC have to shell out 18 ... WebFeb 1, 2024 · "The gross GST revenue collected in the month of January 2024 till 3 PM on January 31, 2024, is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs … WebFeb 1, 2024 · Clause of the Finance Bill, 2024. 1. A new clause (ba) to sub-section (2) of section 16 of the CGST Act is being inserted to provide that input tax credit with respect … incentive\u0027s 0m