GST recommendations to create business-friendly environment, ensure fairness: Experts
The Statesman|December 23, 2024
The 55th GST Council meeting has unveiled a series of pivotal recommendations designed to deliver targeted relief, streamline compliance processes, resolve industry ambiguities and promote trade facilitation, experts said on Sunday.
- AGENCIES
GST recommendations to create business-friendly environment, ensure fairness: Experts

Among the key proposals is a retrospective amendment to the blocked credit provisions, which now replaces the term "plant or machinery" with "plant and machinery" in line with the Supreme Court's ruling in the Safari Retreats case.

"This distinction clarifies the eligibility for Input Tax Credit (ITC) based on the usage of the two terms. Furthermore, the amendment to the Input Service Distributor (ISD) provisions will incorporate inter-state reverse charge mechanism (RCM) transactions, providing much-needed clarity within the ISD framework," said Krishan Arora, Partner, Grant Thornton Bharat.

この蚘事は The Statesman の December 23, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は The Statesman の December 23, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

THE STATESMANのその他の蚘事すべお衚瀺
Seoul searching~I
The Statesman

Seoul searching~I

There were fast-paced developments in the prelude to the eventual impeachment.

time-read
6 分  |
December 23, 2024
The Statesman

Feel of print

SIR, The author of the write-up, \"Why every home must get a newspaper\" (Dec. 19) deserves praise for his excellent and thought-provoking piece.

time-read
1 min  |
December 23, 2024
The Statesman

Fair Lending

The government's proposal to clamp down on unauthorised private lending practices signals a decisive move to tackle unregulated financial activities that have long preyed on vulnerable segments of the population.

time-read
2 分  |
December 23, 2024
The Statesman

England announce squads for upcoming India tour and Champions Trophy 2025

The England Cricket Board on Sunday announced the squads for next month's white-ball tour of India, which includes three ODIs, five T20Is, and the ICC Men's Champions Trophy 2025, as reported by the ICC.

time-read
1 min  |
December 23, 2024
Sports Minister flags off 'Fit India Sundays on Cycle' initiative in Delhi
The Statesman

Sports Minister flags off 'Fit India Sundays on Cycle' initiative in Delhi

Keeping continuity with the Fit India Cycling Drive launched earlier this week, Union Sports Minister Mansukh Mandaviya flagged off the 'Fit India Sundays on Cycle' initiative at the Major Dhyan Chand National Stadium here on Sunday.

time-read
1 min  |
December 23, 2024
Pro Kabaddi League: Puneri Paltan aim to finish season on high as tribute to fans
The Statesman

Pro Kabaddi League: Puneri Paltan aim to finish season on high as tribute to fans

The defending champions of the Pro Kabaddi League (PKL) Puneri Paltan have not had the best season by their lofty standards.

time-read
1 min  |
December 23, 2024
ISL: NorthEast United aim to regain form against struggling Hyderabad
The Statesman

ISL: NorthEast United aim to regain form against struggling Hyderabad

Hyderabad FC are hosting NorthEast United FC when the two sides face off in the Indian Super League (ISL) 2024-25 at the GMC Balayogi Athletic Stadium on Monday.

time-read
1 min  |
December 23, 2024
G Trisha, spinners star as India win inaugural U19 Women's Asia Cup title
The Statesman

G Trisha, spinners star as India win inaugural U19 Women's Asia Cup title

G Trisha stood tall to hit a fine 52 while spinners took seven wickets collectively as India beat Bangladesh by 41 runs to become first-ever winners of the inaugural U19 Women's Asia Cup at the Bayuemas Cricket Oval on Sunday.

time-read
1 min  |
December 23, 2024
BBL: McSweeney hits fiery 78 to guide Heat to thrilling win after Australia snub
The Statesman

BBL: McSweeney hits fiery 78 to guide Heat to thrilling win after Australia snub

Australia batter Nathan McSweeney, who was dropped from the Test side after playing three games in the ongoing Border-Gavaskar Trophy series against India, bounced back to form with a scintillating 78-run innings to help Brisbane Heat register a thrilling last-ball win against the Adelaide Strikers in the Big Bash League (BBL) on Sunday.

time-read
1 min  |
December 23, 2024
BGT: Richardson 'excited' to return to Oz Test squad
The Statesman

BGT: Richardson 'excited' to return to Oz Test squad

Australia have added Richardson as an extra pace option after a calf injury ruled Josh Hazlewood out of the series

time-read
2 分  |
December 23, 2024