WebThe GST Appellate Tribunal (GSTAT) is a specialized authority to resolve disputes related to GST laws at the appellate level. The principal bench of the GSTAT will be located in New Delhi, and each state can decide on the number of benches or boards they require, subject to GST council approval. The bench will consist of two judicial members ... WebMay 29, 2024 · A special session of the GST Council will be held to discuss extending paying compensation to states beyond 2024. Advance Payment to Vaccine …
GST Compensation Standoff 04 Sep 2024 - drishtiias.com
WebOct 13, 2024 · The modalities of the compensation cess were specified by the GST (Compensation to States) Act, 2024. This Act assumed that the GST revenue of each … WebCentral GST to cover Excise duty, Service tax etc, State GST to cover VAT, luxury tax etc. Integrated GST to cover inter-state trade. IGST per se is not a tax but a system to coordinate state and union taxes. Article 246A – States have power to tax goods and services. GST Council Article 279A - GST Council to be formed by the President to ... black bowtie emblem silverado
GST Compensation - INSIGHTSIAS
WebNov 22, 2024 · Natural Disasters in India: India recorded natural disasters almost every day in 2024. India recorded “extreme weather events on 241 of 273 days” in the first nine months of the year. Thunderstorms, persistent rains, cyclones, droughts, heat waves, lightning, floods and landslides occurred all throughout these months. WebOct 16, 2024 · The GST Compensation Act, 2024 guaranteed states that they would be compensated for any loss of revenue in the first five years of GST implementation, until … WebAug 28, 2024 · The GST compensation payment of Rs 35,298 crore for August-September 2024, which was due in October, was paid in December. The Centre released another Rs 34,053 crore in two instalments in February 2024 and April 2024 as compensation for October-November 2024. In June this year, Rs 36,400 crore was released as GST … galesburg airport flights