Many large companies to move Appellate Authority against GST demand notices
In recent days, an increasing number of GST notices have been sent to many companies mainly on account of alleged discrepancy in input tax credit (ITC).
The Centre on Tuesday released Rs 600 crore to flood-hit Kerala and decided to waive customs duty and GST on the relief materials being imported for the affected people in the state.
The announcement came following a meeting of the National Crisis Management Committee (NCMC), which met for the sixth consecutive day.
The central assistance of Rs 500 crore as announced by Prime Minister Narendra Modi and Rs 100 crore announced by Union Home Minister Rajnath Singh for flood affected Kerala has been released to the government of Kerala today, an official spokesperson said.
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The central government has also decided to waive Customs Duty and the IGST on the relief materials being imported to aid the people in the flood-affected areas in Kerala.
The IGST refers to the Integrated Goods and Services Tax which is a part of GST under the concept of one nation one tax. It is charged on the goods and services supplied from one state to another.
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