Taxmann's Analysis | Changes Proposed Under GST in the Finance Bill 2024

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  • Taxmann's Analysis | Changes Proposed Under GST in the Finance Bill 2024 Book Detail

  • Author : Taxmann
  • Release Date : 2024-02-03
  • Publisher : Taxmann Publications Private Limited
  • Genre : Law
  • Pages : 12
  • ISBN 13 :
  • File Size : 49,49 MB
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Taxmann's Analysis | Changes Proposed Under GST in the Finance Bill 2024 by Taxmann PDF Summary

Book Description: The Finance Minister presented the Interim Budget for the fiscal year 2024-25 on February 1, 2024, introducing minimal amendments to the taxation laws. Notably, a couple of significant amendments are proposed in the realm of indirect taxes. This article provides an in-depth analysis of the changes proposed in GST by the Finance Bill 2024, which includes: ‣ Mandating distribution of common ITC on services through the ISD mechanism, which was previously optional. ‣ Additionally, a substantial penalty has been proposed for tobacco manufacturers who fail to register their machines by the specified procedure.

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