As soon as the Center approves the final payment of GST compensation to the states, the new tax system will have abandoned its early support. The adjustment may be challenging for some states. Nonetheless, monthly GST receipts across the country have stabilised at around Rs 1.5 lakh crore, with room for growth through rate rationalisation and expanded coverage. Since the introduction of the GST, the weighted average tax rate has been falling; this trend can be stopped by lowering exemptions and reversing duty inversion.
States have finally grown up with the GST.
GST Updates
Due date Extension of GSTR-3B for Manipur
November 28, 2024
Assignment of Officers to handle GST Notices
November 28, 2024
Territorial Jurisdiction of GST Appellate Tribunals
November 28, 2024
GST Advisory on Authorised e-invoice verification Apps
November 27, 2024
GST Advisory for Biometric Aadhaar Authentication in Madhya Pradesh
November 27, 2024
GST Case Laws November 2024
November 26, 2024
Extension of Due date of GSTR-3B of October-2024
November 20, 2024