To reduce govt litigation, a monetary limit has been recommended of Rs 20 lakh for GST appelete tribuanal: FM
Union Finance Minister Nirmala Sitharaman says, “In order to reduce government litigation, the council has recommended a monetary limit of Rs 20 lakh for GST appellate tribunal, Rs 1 crore for High Court and Rs 2 crore for Supreme Court for filing of appeals by the department… Council has also recommended that the maximum amount for pre-deposit for filing appeal before the appellate authority shall be reduced from Rs 25 crores CGST and 25 crores SGST to Rs 20 crore CGST and Rs 20 SGST and that is the maximum amount of pre-deposit for filing appeals before the appellate authority….”
For small taxpayers time limit extended to June 30 for GSTR-4, FY24-25 onwards, says FM Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman says, “Council has also decided and recommended that amending the provisions of CGST act to provide that the three month period for filing appeals in the GST appellate tribunal will start from a day which shall be notified by the government. So the president of the tribunal has assumed office and the said period for filing tax filing appealed by the taxpayers will expire on 5 August 2024…”
Decisions taken related to trade facilitation, relief to tax payers, says FM
Union Finance Minister Nirmala Sitharaman said during press conference on GST Counsil meeting held on Saturday, “The time limit to avail input tax credit in respect of any invoice or debit note under section 16(4) of the CGST Act filed up to the 30-11-2021 for the financial years 17-18, 18-19, 19-20 and 20-21 may be deemed to be 2011 to 2021. So for the same requisite amendment retrospectively with effect from 1 July 2017, the council has made a recommendation.”
GST Council meet LIVE: ‘Trying to make it easier, business-friendly,’ says AP FM Keshav
On the GST Council meeting with Union Finance Minister Nirmala Sitharaman, Andhra Pradesh Finance Minister Payyavula Keshav says, “… A lot of issues were discussed the whole day and in most of them, they were trying to clarify what has happened and were trying to make it a little easier and user friendly, business-friendly. They were trying to avoid all the future litigations… Post-budget session, there’s likely to be another meeting… Most of the recommendations have been approved. Mostly a press note will be coming from the GST council. It was a very interesting and good discussion which took place…”
Union Finance Minister Nirmala Sitharaman to address press shortly
Union Finance Minister Nirmala Sitharaman on Saturday morning chaired a pre-budget meeting with Finance Ministers of all States and Union Territories. She also chaired the 53rd Goods and Services Tax (GST) Council Meeting scheduled in the second half of the day.
Tamil Nadu hooch tragedy death toll mounts to 53
The International Committee of the Red Cross in Gaza damaged by shell attack
Red Cross said its Gaza office was ‘damaged’ by in a shell attack Friday that killed at least 22 people who had taken shelter around the compound. 22 bodies and 45 wounded were taken to a nearby Red Cross field hospital.
UAPA tribunal confirms Centre’s decision to ban Muslim League Jammu Kashmir, Tehreek-e-Hurriyat
UAPA tribunal confirms Centre’s decision to ban Muslim League Jammu Kashmir(Masarat Alam faction) and Tehreek-e-Hurriyat.
Centre notifies that high-level panel on exam reforms to submit report within two months
Former Isro chief to head seven-member panel on reforms in examination process: Education ministry
“Former Isro chief K Radhakrishnan to head seven-member panel on reforms in examination process,” says education ministry.
India, Bangladesh sign pact to boost ties in maritime sphere, blue economy
India and Bangladesh solidified plans for enhanced cooperation across various new sectors and signed multiple agreements, including those focused on maritime affairs, the blue economy, digital collaboration, and environmental initiatives. Prime Minister Narendra Modi and Bangladeshi counterpart Sheikh Hasina finalized these agreements during extensive discussions. Additionally, they concluded an agreement aimed at improving railway connectivity between the two nations.
Chief priest of Ram temple consecration ceremony dies at 86 due to illness
Acharya Laxmikant Dixit, the chief priest who conducted the consecration ceremony of the Ram temple in Ayodhya, passed away on Saturday morning. Aged 86, Dixit had been unwell for the past few days. His final rites will be performed at Manikarnika Ghat. UP CM Yogi Adityanath expressed his condolences on platform X.
Home Minister Amit Shah launches special programme to fast-track immigration services
Amit Shah launched a programme to expedite immigration for pre-verified Indian nationals and OCI cardholders. The Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) allows eligible individuals to apply online, submit biometrics, and necessary details. Registration under FTI will be valid for up to five years or until passport expiry.
Swati Maliwal assault case: Court extends Bibhav Kumar’s custody till July 6
A court in Delhi extended Bibhav Kumar’s judicial custody till July 6. Kumar, an aide to Chief Minister Arvind Kejriwal, faces charges of assaulting AAP Rajya Sabha MP Swati Maliwal on May 13 at the CM’s residence. Kumar, arrested on May 18, appeared via video conferencing before Metropolitan Magistrate Gaurav Goyal, who granted the extension. Initially granted five days of police custody, his anticipatory bail plea had become infructuous.
ED raids in Ranchi recover Rs 1 crore cash, 100 bullets in land grab case
The Enforcement Directorate seized Rs 1 crore in cash and 100 live bullets during raids in Ranchi as part of a money laundering investigation linked to alleged land grabbing involving former Jharkhand Chief Minister Hemant Soren and others. The raid, conducted at the Kanke road premises of Kamlesh Singh on Friday evening. The agency has also filed a police case under the Arms Act related to the discovery of the ammunition.
First Published: Jun 22 2024 | 7:47 AM IST
