1)''GST Appellate Tribunal (GSTAT )'' Context : Finance Minister launched GSTAT. " Until now, taxpayers had to navigate different product clarifications on various state interpretations, leading to delays and locked up capital, especially for MSMEs. With GSTAT, disputes will converge at one forum. This is one nation, one tax and now one adjudication body," FM said. Benefits ; * Addressing of GST disputes/complaints separately would reduce burden on Formal Court Regime. * Provide single platform that will aid the " Ease of Doing Transactions", especially for MSMEs. * Strengthen GST dispute redressal mechanism . * Now, disputes related to GST will directly be entertained by GSTAT. What to read ? * GST constitutional and legal provisions and its Council. * New GST norms and its implications. 2) "COFIDENTIAL IPOs" Context : Walmart-backed payments aggregator Phone Pe, like MobiKwik files for "CONFIDENTIAL IPOs". Confidential IPOs, ...
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