For annual turnover above Rs.1.5 crore, the taxpayers will be cross-examined either by the Central or state authorities on the basis of risk assessment.
The Centre will continue to assess the existing service tax assessees, till state officers are trained for the same.
Tag: Taxpayers
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FM announces administrative mechanism for GST
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FM announces exemption threshold, administrative control mechanism for GST
The two-day meeting of the newly-constituted GST Council comprising the Union Finance Minister, Union Minister of State for Finance and the state Finance Ministers has concluded.