Home Goods and Services Tax Notifications Integrated Tax (Rate) On 8th October 2024, the Ministry of Finance released Notification No. 07/2024-Integrated Tax (Rate), which updates the Integrated Goods and Services Tax (IGST) framework. This notification adds a new provision to the tax rate schedule concerning the transportation of passengers by…

Home Goods and Services Tax Notifications Integrated Tax (Rate) On October 22, 2024, the Government of India, through the Ministry of Finance (Department of Revenue), published a corrigendum related to Notification No. 09/2024 on Integrated Tax (Rate), originally issued on October 8, 2024. The correction clarifies a specific entry in…

Home Goods and Services Tax MVAT Whether pre condition of pre deposit is mandatory for admission of appeal under Maharashtra Value Added Tax Act (MVAT) Introduction The right of appeal is neither fundamental nor constitutional right. It is statutory right and is creature of statutes and subject to prescribed conditions…

Home Goods and Services Tax MVAT Requirement of statutory order to settle return dues under payment of lump sum amount option under Maharashtra Settlement of Arrears of Tax, Interest and Penalty act 2022. In this article issue, whether return dues eligible for payment of lump sum amount option under Maharashtra…

Home Goods and Services Tax MVAT Introduction Regular audits are essential to ensure compliance and transparency in taxation. The new VAT Audit Form — 704 has brought out many major changes that are important for companies operating under the Sales Tax Act. The Maharashtra Value Added Tax Rules introduced this…

Home Goods and Services Tax UT Tax Notifications Ministry of Finance has issued Notification No. 06/2024-Union Territory Tax (Rate) on 8th October 2024, amending the Union Territory Goods and Services Tax (UTGST) rates under section 7(3) of the UTGST Act, 2017. This notification modifies the existing provisions concerning the reverse…

Home Goods and Services Tax UT Tax Notifications On 8th October 2024, the Ministry of Finance issued Notification No. 07/2024-Union Territory Tax (Rate), amending the Union Territory Goods and Services Tax (UTGST) rates under the provisions of the UTGST Act, 2017. The notification adds a new entry in the existing…