The GST council has certainly completed 2 successful years. In these 2 years, India has seen outstanding development and unbelievable progress. Last year, the GST department had proposed several amendments in the GST provisions. These include the newly proposed simplified GST return filing procedure, which will become effective after 30th September 2019. Apart from that, the Central the government had made some changes to the GST Acts in order to update certain provisions and make them more and more lucid for the taxpayers having GST registration Last year, GST Council had drafted 4 amendment bills, it had proposed on 7th August…
Author: Mudit Handa
Mudit Handa
Mudit Handa is a content writer of E-Startup India. Mudit Handa is a keen & proficient writer with a wide outlook on current affairs of national and international importance.. He has a keen intellect on a wide range of fields including economy, politics, Indian taxation and finance, culture and history.
We all realize that in the previous GST council meeting that had occurred on the 24th February 2019, various relief measures were brought in for the buyers of residential property. With the end goal of enhancement of the affordable house segment in the real estate sector, huge GST rate slashes were given by the GST council in its last meeting. GST council had slashed GST rates for underdevelopment project from 12% to 5%, and in the affordable segment from 8% to 1%. However, this will be effective from April 1, 2019. Very recently, the 34th GST Council meeting was held…
