The company said that it responded to the show cause notice with detailed explanations supported by relevant documents and judicial precedents
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As GST continues to evolve, its impact on the Indian economy, particularly on MSMEs, will likely become even more pronounced, writes Amit Prasad
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The PM also highlighted that after the implementation of GST, the savings of the poor and the common man have increased as the GST has reduced taxes on various household items like flour, curd, detergent, etc
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“For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper,” says FM.
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Currently, over 4 crore MSMEs are registered on the Udyam portal and only 1.5 crore have GST registration
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Nirmala Sitharaman’s reappointment as the Union Minister of Finance not just reaffirms the Modi government’s faith in her but also signals the continuity of India’s economic reforms. As she takes her mandate forward in NDA 3.0, here is a recap of her key achievements so far as FM
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The tax processes, harassment and intimidation by state tax authorities are pulling the clock back for ease of doing business, say experts
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The survey highlights areas which have resulted in growing confidence in GST, specifically on the positive role of GST automation, technology and consultative environment, in GST policy-making
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While the committee finalises its recommendations for various sectors, including utensils, tractors, agricultural implements, fertilisers, and consumer goods, some clarity on the refund process is anticipated
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The 53rd GST Council meeting is scheduled to be held on 22 June 2024, in New Delhi
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