Page-2 of GST Council Current Affairs, GK & News
The Government of India has allowed taxpayers to fill their NIL GST monthly reurn form through SMS. This will improve ease of GST compliance to more than 22 lakh taxpayers. Highlights The facility of filing the NIL form through SMS has been made available in GSTN portal. The portal also allows the users to track ..
Month: Current Affairs - June, 2020
Category: Economy & Banking Current Affairs
On March 21, 2020, the Union Cabinet under PM Modi approved the Production Incentive Scheme for large scale manufacturing of Electronics. The main aim of the incentivisation is to increase investments in mobile manufacturing. Benefits The scheme aims to create more than 2 lakh jobs. The indirect employment opportunities are expected to be three times ..
Category: Government Schemes Current Affairs
The GST Council recently concluded its 39th meeting and took major decisions about GST rates to be applied for various commodities from mobile phones and parts to matchsticks. GST Council The GST Council is a constitutional body introduced in 2016 by the 101st Constitutional Amendment Act. It was constituted under the article 279A of the ..
The Goods and Services Tax Council chaired by the Union Finance Minister announced that it has decided to increase GST rates on mobile phones to 18 per cent from 12 per cent with effect from 1st of April. The Council also waived the late fee for delayed filing of annual returns for the financial years ..
On March 14, 2020, the GST Council met for the 39th time in New Delhi. The Council was headed by the Finance Minister Nirmala Sitaraman. Highlights The Council has increased the GST of mobile phones from 12% to 18%. It reduced the tax on handmade and machine made match sticks to 12%. Also, the GST ..
Category: India Nation & States Current Affairs