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In a recent ruling, the Patna High Court slapped a fine of Rs 5,000 on a Goods and Services Tax ( GST ) officer for forcible and illegal recovery of the full tax amount from a man waiting to avail the. ....
India Business News: The Central Goods and Services Tax (Second Amendment) Bill, 2023 aims to raise the age limits for the president and members of the GST appellate tribu ....
The Indian government has issued detailed rules regarding the appointment and service of the president and members of the Goods and Services Tax (GST) Appellate Tribunal. The new rules state that the selection committee must provide at least two recommendations for each vacancy, after a thorough assessment of eligible candidate. According to the notification, the president and members of the GST Appellate Tribunal will receive a monthly salary of Rs 2.25 lakh. ....
Earlier, serving high court or Supreme Court judges were sometimes appointed as chairperson or a member while staying in their existing service. So they were entitled to pension and other benefits. Now when a serving judge of any court is appointed as chairperson or a member of the tribunal, they will have to either resign or obtain voluntary retirement from their parent service before joining the tribunal. They will not be able to serve both at the same time. ....
The survey said 80 per cent of business leaders in India have expressed that the time is ripe for the next phase of GST regime reforms for enhanced ease of doing business (EoDB) and sectoral growth in the next few years. ....