Navigating the End of Interest on NSS Accounts

The new notification stipulates that balances in the National Savings Scheme will no longer earn interest. This is a significant departure from the previous rules, where subscribers enjoyed a certain interest rate on their savings.

New Manipur Goods and Services Tax (Seventh Amendment) Act, 2024

Government of Manipur introduced the Manipur Goods and Services Tax (Seventh Amendment) Act, 2024.On September 03, 2024, the Government of Manipur introduced the Manipur Goods and Services Tax (Seventh Amendment) Act, 2024. This amendment revises certain provisions of the Manipur Goods and Services Tax Act, 2017 (referred to as the “principal Act”). The changes primarily focus on the definition of “Input Service Distributor” and introduce new penalty provisions related to the registration of machines used in manufacturing.