In yet another simplification, the Goods and Services Tax (GST) Council has added flexibility into the way a company can utilise the available input tax credit. Any company would now be eligible to use credit available against paid integrated GST (IGST) to set off tax liabilities of state GST (SGST) and central GST (CGST) in any proportion and in any order, the GST Council said in a circular sent to field formations on Tuesday.
The Finance Ministry has introduced changes in the e-way bill system, including auto calculation of distance based on PIN codes for generation of e-way bill and blocking generation of multiple bills on one invoice, as it seeks to crack down on GST evaders.
The Finance Ministry may consider to raise the Rs 1 crore cap under the 59-minute loan scheme to Rs 3-5 crore.
NEW DELHI: Non-filers of GST returns for two straight months will be barred from generating e-way bills for transporting goods effective June 21, the finance ministry said.
India is one of Mayer & Cie.’s most important markets. In the premium and mid-market segment the Albstadt-based family firm’s market share is 36%, due mainly to its longstanding successful collaboration with local representatives Batliboi.
Coimbatore: While the growth of technical textiles sector is spoken of enthusiastically and has been projected at 2lakh crore by 2021, there needs to be a reality check about its growth, said Raghvendra Singh, secretary textiles, ministry of textiles.