Page-5 of GST
“Special Corona Fee” imposed on Liquor by Delhi Government
On May 4, 2020, the third phase of lock down began in India. Under the third phase, the liquor shops were opened in selected regions with certain restrictions. Highlights With the liquor shops opening after a long gap, there were ..
Month: Current Affairs - May, 2020
1 Trillion INR Package for MSME
The government is working on a 1 trillion INR package for aiding the MSME sector. In addition to this, the GST refunds and the change in definition of MSME are to be expedited. About the Package The Union Minister of ..
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. ..
Month: Current Affairs - March, 2020
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 ..
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 ..
Month: Current Affairs - March, 2020
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 ..