Finance Bill 2024: Proposes Penalties for Failure to Register Certain Manufacturing Machines Under GST Special Procedure [Read Finance Bill]

The bill includes a provision stating that such machines may not be confiscated if the penalty is paid, and registration is completed within three days of receiving the penalty order
Finance Bill 2024 - Finance Minister Nirmala Sitharaman - Interim Budget 2024 - taxscan

Union Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 before Parliament on February 1st, unveiling key proposals that include significant changes to the existing tax laws. One notable aspect is the introduction of the Finance Bill 2024, which addresses crucial amendments in the tax landscape. One of the prominent features of the Finance Bill…

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