https://www.taxtmi.com/news?id=27869 Council recommended formation of GoMs to review GST on life and health insurance and the compensation cess; reduced GST on specified cancer drugs and on certain extruded savoury products; prospective reclassification and rate alignment for certain car seats and railway roof mounted AC units; introduction of RCM and TDS measures for metal scrap and RCM for renting of commercial property; exemption for specified R&D services by government or notified institutions funded by grants; a voluntary B2C e invoicing pilot; and procedural reforms including new ledgers, an Invoice Management System and amendments to refund and input tax credit rules. en-us Mon, 09 Sep 2024 20:09:12 +0530 Tue, 10 Sep 2024 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27869 Council recommended formation of GoMs to review GST on life and health insurance and the compensation cess; reduced GST on specified cancer drugs and on certain extruded savoury products; prospective reclassification and rate alignment for certain car seats and railway roof mounted AC units; introduction of RCM and TDS measures for metal scrap and RCM for renting of commercial property; exemption for specified R&D services by government or notified institutions funded by grants; a voluntary B2C e invoicing pilot; and procedural reforms including new ledgers, an Invoice Management System and amendments to refund and input tax credit rules. News - Mon, 09 Sep 2024 20:09:12 +0530 https://www.taxtmi.com/news?id=27869