Gelvan’s network of sham charities claimed to employ donations that can help homeless veterans, retired and disabled law enforcement officers, breast cancer survivors and others in require. the truth is, these corporations invested Practically Not one of the donations within the promised things to do.
Ayurvedic practitioner suggests she hardly ever eats ‘pores and skin of potato, seeds of tomato, and white pith of pepper’; we figure out why
The decriminalisation of offences and extension from the composition scheme to e-tailers can be a number of vital highlights with the finances 2023. For comprehensive GST highlights, browse our funds 2023 highlights
persons aware of the event explained to ET that a lot of the customers of your team ended up of your watch that the 12% slab accounts for about 8% of overall GST more info revenues and can be done absent with.
The due date for shelling out GST and submitting GSTR-3B has become notified with the months October 2020 until March 2021: twentieth(AATO >Rs.five crore) or 22nd or 24th of upcoming thirty day period (For the rest, dependent upon the condition of principle place of organization).
Exemption is granted to instructional institutions and Central and condition educational boards for conducting entrance exams to any authority, board or even a system set up from the CG or SG which includes nationwide Testing company (NTA) for entrance tests for admission to educational institutions.
On a mean, five% GST price is relevant on carriages intended for specially abled. This consists of equally motorized/non-motorized as well as around the pieces/components of those carriages. This amount arrived into impact just after the decision of 31st GST Council Assembly in 2018.
Taxpayers whose GSTR -3B to the month of Oct 2017 was submitted although not submitted around the widespread portal.
The GST Council’s Conference, the very first this year, will come at any given time if the nation is reeling beneath the 2nd wave of coronavirus infections which have derailed the financial recovery.
Taxpayers with an annual turnover of fewer than Rs five crore needn't spend fascination, late price or penalty for late submitting of GST returns.
The GST Council may possibly deliberate on a suggestion to amend the Act at its impending Conference on June 22, Based on a news report.
A registered taxpayer paid a lot more than one% of his GST liability using only his Digital money ledger, for the many tax durations in The existing FY up to now.
underneath the settlement, monies getting surrendered by Gelvan and one other unique and company defendants will probably be compensated on the condition of The big apple, on behalf from the collaborating Attorneys normal, for distribution to a number of charitable corporations proposed with the taking part Attorneys basic that have charitable functions and missions substantially just like the purposes for which the defendants received charitable contributions.
Defined the taxable value for corporate warranty supplied between relevant people (a Keeping company to its subsidiary) as 1% of the level of these assurance offered, or the actual thing to consider, whichever is bigger.