The overall gross GST revenue touched Rs 1,95,506 crore in January, data showed. Refunds worth Rs 23,853 crore were issued ...
New Delhi: Union Finance Minister Nirmala Sitharaman outside the Finance Ministry ahead of the presentation of ’Union Budget 2025-26’, in New Delhi, Saturday, Feb. 1, 2025. Sitharaman on ...
No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
“Certain banks and financial institutions that were taking a conservative position of charging GST on penal charges collected from the borrowers with an intent to insulate themselves from any ...
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No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBICHow does this new GST clarification help loan consumers Chartered ... themselves from any unforeseen tax demands can now take a clear tax position of not charging GST on penal charges collected ...
Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later Form used to show that a non-profit organization meets the government-funding test required to qualify ...
Canada's inflation rate fell to 1.8 per cent in December, with the federal government's GST holiday bringing prices down for restaurant food, alcohol and children's clothing, Statistics Canada ...
The CPI results were heavily influenced by the start of the two-month break on the GST and the harmonized sales tax on Dec. 14 for certain items, including restaurant meals, alcoholic beverages ...
The recent GST holiday showed how tax relief can influence consumer behaviour. According to Restaurants Canada, restaurant traffic increased by 18% nationally during the first two weeks of the holiday ...
Thus with the start of the new financial year 2019-20 (w.e.f. 01/04/2019), a new invoice series, unique for the financial year, is to be started by the GST taxpayers. A similar provision is there in ...
Chairman & MD, BajajCapital. The current Goods and Services Tax (GST) rate of 18% on insurance premiums is a major barrier, particularly for low-income groups. High premiums, compounded by GST ...
Good day to you. I have received suggestions from our professional colleagues to prepare an article on the types of notices issued under various sections of GST Law and how to respond to such notices ...
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