In order to reduce government litigations, the Union Finance Minister Nirmala Sitharaman on Saturday said the GST Council has fixed a monetary limit for filing appeals by the tax department before the various appellate authorities. It has recommended a monetary limit of Rs 20 lakh for GST Appellate Tribunal, Rs 1 crore for the High Court and Rs 2 crore for the Supreme Court for filing of appeals by the department before these legal forums, she said after the 53rd GST Council meeting held. The Tax Authority would generally not go for an appeal if the monetary limit is less than the prescribed by the GST Council.
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Planning to exchange your mother's 30-year-old gold this Dhanteras? Know the declaration rules, jeweller deductions, GST, and capital gains tax before exchanging your old jewellery.
With Samvat 2083 beginning on Sunday, November 8, investors will be watching whether the auto sector can regain momentum or face another challenging year.
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
For households looking to purchase gold for weddings, gifting or long-term savings, the recent price decline could offer some relief.
A no-cost EMI generally works by adjusting the interest charged by the lender against a discount offered by the merchant or manufacturer.
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