New GST Exemptions for Railways and Long-Term Accommodation Services
The latest amendment introduces three new serial numbers in the GST rate table, focusing on services provided by Indian Railways.
New ER-1 Return Submission with an Online Process in Puducherry
This change, which aligns with the Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959, introduces a new online submission system for both private and public sector establishments.
CBIC clarification implicating Customs Brokers as co-noticee in cases involving interpretative disputes
It is clarified that implicating Customs Brokers as co-noticee in a routine manner, in matters involving interpretation of statute, must be avoided unless the element of abetment of the Customs Brokers in the investigation is established by the investigating authority. Further, the element of abetment should be clearly elaborated in the Show Cause Notice.
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 Changes to the National Savings Scheme
The update brings notable changes to how interest will be calculated and applied to NSS accounts.
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.
New Amendments in Customs Tariff Values
This update introduces revised tariff values for various goods, impacting import duties and trade practices.
Mizoram Raises VAT on Petrol and Diesel, Introduces New Cesses: What You Need to Know
The new update introduces increased VAT rates and new cesses aimed at bolstering infrastructure funding and road maintenance.
New Transition to Online Applications for SGST Reimbursement and Entitlement Certificates
Starting from August 21, 2024, the Assam Government will exclusively accept online applications for the grant of entitlement certificates and SGST reimbursement claims
New Amendment To Tamil Nadu State Tax
The key focus is on updating tax rates and classifications for specific products, which can significantly impact both businesses and consumers.
