GST Council to hold exclusive meeting on MSME Sector grievances on 4th August 2018
GST Council in its 28th Meeting held on 22nd July, 2018, decided to have a Meeting exclusively to focus upon the issues/hardships faced by Micro,Small & Medium Enterprises (MSME) related to GST on 4th August, 2018. The session would consider on all aspects of GST with specific focus upon law, policy, procedure, notifications, rates, GSTN related issues etc. effecting the MSME taxpayers/sector.
In this regard, CBIC has asked Special Secretary GST Council to send letters to all the States & Union Territories, asking them to contact the MSME taxpayers and their trade & Industry Associations in their respective States & UTs, collect their grievances/issues related to GST along with suggestions thereof for mitigating the issues.
Such issues are to be consolidated by the Secretariat of GST Council highlighting the grievances, trade suggestions and their valuable comments / feedback / recommendations and sent to GST Policy Wing of CBIC for preparing comments before being put up to the GST Council.
AO was not justified in making addition by adopting method of extrapolation without bringing any material evidence in support -…
Court can not sit over comparative financial attractiveness of rival offers or to substitute its own view for the decision…
When quantum appeal stands restored to the AO, penalty can not be levied u/s 221(1) of the Income Tax Act…
Even if, the assessee is engaged in the bogus purchases, the entire purchases cannot be disallowed - ITAT In a…
Order to stock broker through WhatsApp may be considered as legally verifiable record - SEBI SEBI in an informal guidance…
ICAI Guidance Note on Audit of Banks 2026 Edition ICAI has issued 2025 edition of the Guidance Note on Audit…