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India Business News: Ahead of the meeting of the GST Council, Congress-ruled Punjab has demanded a cut in tax rate on life-saving items for Covid-19 treatment as well as i
CBIC relaxes GST refund rules, allows taxpayers to withdraw application CBIC has amended Goods and Services Tax (GST) rules and has excluded the time period from date of filing of refund application to date of issuance of deficiency memo PTI | May 20, 2021 | Updated 16:22 IST The Central Board of Indirect Taxes and Customs (CBIC) has rationalised GST refund provisions, including giving option to taxpayers to withdraw application. It has amended Goods and Services Tax (GST) rules and has excluded the time period from date of filing of refund application to date of issuance of deficiency memo ...
Punjab FM writes to Sitharaman, seeks immediate GST Council meeting SECTIONS Last Updated: May 05, 2021, 10:25 PM IST Share Synopsis In a letter to Union Finance Minister Nirmala Sitharaman, he said the GST Council has to meet to discuss key issues relating to taxation and GST rules being framed without states' assent. Agencies Badal also highlighted that harassment of taxpayers has taken an entirely new dimension with officers resorting to threats of arrest, provisional attachment of productive assets and freezing of bank accounts without any established norms. Congress leader and Punjab Fin...
» Bharat Bandh – over eight crore traders across India shut shop in protest against rising fuel prices and changes in GST rules Bharat Bandh – over eight crore traders across India shut shop in protest against rising fuel prices and changes in GST rules Sanchita DashFeb 26, 2021, 11:40 IST Shops shut due to the Bharat BandhIANS Industry body, The Confederation of All India Traders ( Bharat Bandh. Traders are protesting against the rising fuel prices, ‘draconian’ rules in Goods and Services Tax (GST), as well as the rising power of foreign e-commerce companies in India. As many as e...
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