Page-3 of GST Current Affairs, GK & News

GoI notifies rules for Vivad Se Vishwas Scheme

On March 19, 2020, Govenrment of India has notified rules to avail full benefit of direct tax dispute resolution under the Vivad Se Vishwas Scheme. Highlights Currently, there are more than 400,000 cases that are eligible to avail the scheme. This involves Rs 9.3 lakh crores. The scheme aims to settle disputes and aid in ..

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39th GST Council Meeting

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 ..

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GST Council Meet: GST of Mobile Phones increased from 12% to 18%

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 ..

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GoI launches “SPICe+” to improve Ease of Doing Business in the country

On February 24, 2020, the Government of India launched SPICe+, a web form that integrates 10 services of various ministries and departments. This will help boost Ease of Doing Business in India. It was launched by the Ministry of Corporate Affairs. India ranked 63rd in Ease of Doing Business ranking published by World Bank. Highlights ..

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The Direct Tax Vivad Se Vishwas bill introduced in Lok Sabha by the Finance Minister

The Finance Minister Nirmala Sitaraman proposed the scheme Vivad Se Vishwas Scheme in the Union Budget 2020. In order to implement the scheme, the minister introduced a bill in Lok Sabha on February 5, 2020. The main objective of the scheme is to Highlights The scheme aims to settle the pending cases on direct taxes. ..

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