Cabinet approves GST laws amendments
“GST laws amendments have been cleared,” an official source said after the Cabinet meeting chaired by Prime Minister Narendra Modi.
In all, there are 46 amendments, which among other things, will allow employers to claim input tax credit on facilities like food, transport and insurance provided to employees under any law.
It also provides for modification of reverse charge mechanism, separate registration for companies having different business verticals, cancellation of registration, new return filing norms and issuance of consolidated debit/credit notes covering multiple invoices.
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