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GST CLASSIFICATION
India's new GDP yardstick: What changed, what did not, and what every investor should now read differentlyIndia changed the base year used to measure its economy from 2011-12 to 2022-23. The first full-year provisional numbers under the new yard...- At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
- Macro, the Mightiest: Why India’s biggest macro variable still falls from the skyThe 2026 monsoon comes with a clear warning: Rainfall is forecast at 92% of the long-period average, with higher-than-usual probability of ...
- GST Tribunal revamps appeal process: Division bench review now mandatory for appealsThe move seeks to prevent smaller benches from deciding cases involving important legal questions, ensure consistent rulings, and streamlin...
- Groww investors make bank; Mobikwik, Fractal's Q4 profits surgeGroww delivered strong returns to early investors after the IPO lock-in expired. This and more in today's ETtech Top 5.
- West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
- GST Council should consider lowering tax on household insecticides to 5 pc: EY-HICA reportA new report recommends lowering the Goods and Services Tax on household insecticides. The current 18 percent rate could be reduced to 5 pe...
- As India's MSME sector matures, IDBI Bank's Sumit Phakka says the lending framework must keep paceIndia's small businesses are now driving economic growth. New government budgets are boosting MSME financing and support. Digital tools are...
- Candy or cure? Popular digestive Hajmola product faces GST troubleHajmola, a popular digestive tablet, is under GST investigation. Authorities question its classification. They want to determine if it is a...
- Bajaj Auto gets over Rs 10 cr GST penaltyBajaj Auto Ltd faces a penalty and interest of over Rs 10 crore by tax authorities for misclassification of instruments cluster under GST. ...
- Popcorn, in loose form, sold in movie theatres to attract 5% GSTPopcorn sold in loose form in movie theatres will continue to attract a GST rate of 5 per cent. If popcorn is sold together with a movie ti...
- Ice-cream lovers beware: GST body drops a sugar bomb on softy mixThe GST Authority for Advance Rulings - Rajasthan bench ruled that softy ice-cream mix's primary component is sugar, not milk. Thus, it att...
- Tax notices leave a bitter taste for several chocolatiers, bakersWhile individual tax dues of the entities under the scanner may not be very large, the tax liability of the industry, excluding penalty and...
- In preparation for GST rate rationalisation, product categories' fine-tuning beginsThe Central Board of Indirect Taxes and Customs began revising product classifications under GST to simplify the system and reduce tax disp...
- Why GST restructuring is the need of the hourIndia is one of the few countries to have opted for a more intricate structure, featuring four or more tax slabs. GST slabs in India are 0%...
- Delhi HC upholds govt notifications imposing GST on Ola, Uber autos ridesWhile dismissing Uber’s petition challenging the levy of GST, the HC held that the notifications under challenge did not result in discrimi...
- GST: Your carbonated fruit juice-based drink is all set to get costlierThe GST Council in its 45th meeting held in Lucknow has given a new dimension to the entire debate on what should be the tax rate for fruit...
- From cycle locks to breaded cheese, companies and authorities differ over classification for levying GSTIn one of the cases the bone of contention was whether cycle locks should be treated as parts and accessories of bicycles and are distinct ...
- Government using scientific method in GST to remove ambiguities: Hasmukh AdhiaAdhia was responding to a query mailed by ET last week. Following which ET had on March 25 written a story on GST debate on categorisation ...
- GST debate now continues on categorisation of productsAs the government moves closer to rolling out GST on July 1, classification of products are being debated so that no ambiguity remains.
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