New GST rate and HSN code list: FinMin notifies latest slab rates in seven schedulesThe Ministry of Finance has revised the GST rate framework, effective September 22, replacing the June 2017 notification. This new structur...
17 Sep, 2025, 09.44 PM IST
Aluminium extrusion industry body seeks review of import duties, FTAs to offset US tariff impactALEMAI urges the government to address import duties, FTAs, and policies to boost domestic aluminium consumption and counter US tariffs. In...
04 Sep, 2025, 05.22 PM IST
DRI initiates inquiry against Maruti Suzuki over incorrect HSN code of imported partMaruti Suzuki India is under investigation by the Directorate of Revenue Intelligence (DRI) for incorrect HSN code usage and incorrect paym...
21 Feb, 2024, 02.14 PM IST
Mandatory linking of e-invoice with e-way bill may cause operational disruption: ExpertsRajarshi Dasgupta, Head Tax at Aquilaw told PTI that the advisory on linking e-invoice with e-way bill will cause "technical difficulty in ...
07 Jan, 2024, 05.52 PM IST
How to identify a fake GST bill and report it: Here is the complete step-by-step guideA GST invoice is generated by a supplier or a seller to the buyer of the goods and services. The bill has all the information including ide...
22 Mar, 2023, 11.03 AM IST
Project exports: Why it is the next big thing for Budget 2023 to bet onIn India, the Project Exports Promotion Council of India (PEPC) has been established by the Government, to promote project exports and also...
07 Jan, 2023, 10.02 AM IST
Budget’s indirect tax proposals should focus on ease of doing business, promoting domestic manufacturingThere continues to be Customs duty rate disparity on the import of telecommunication networking equipment and separately their parts.
31 Jan, 2022, 09.30 AM IST
HS 2022- How the change may affect trade, GST and its impact on the upcoming budgetHSN 2022 has been prepared to clarify several high-profile product streams to recognise the change in trade patterns.
25 Jan, 2022, 12.33 PM IST
Lassi jaisi koi nahi: Flavoured milk is not milk but flavoured lassi is lassi, says AAR rulingUnder the Goods and Services Tax (GST) framework, both milk and lassi are exempt from any tax.But, while flavoured lassi continues to remai...
05 Sep, 2021, 06.23 AM IST
Papad makers in a pickle over contradictory classification rulingsWhat is a papad? Of course, papad or papadam or vadam is India’s favourite indigenous cracker, and it is usually round and fried or roasted.
26 Aug, 2021, 06.34 AM IST
2-3 tax slab structure will boost GST compliance: Assocham's Saurabh Agarwal"GST is still "work in progress" and rate rationalisation is desirable. The 28% slab is undesirable and should be phased out once the reven...
25 Jan, 2019, 05.57 PM IST
Ambiguity remains for several products under GSTThat’s due to lack of clarity on how to tax some products and a backlog of cases regarding classification ambiguities, the experts said.
25 Dec, 2017, 01.08 AM IST
Businesses opting for low-tax composition scheme will have to declare soComposition scheme norms specify that the entity has to mention the words 'composition taxable person, not eligible to collect tax on suppl...
12 Jul, 2017, 12.50 AM IST
How companies are getting ready for India's biggest tax reformTake a note of some of the ways in which companies in India have been preparing for the goods and services tax, just hours away from rollou...
30 Jun, 2017, 03.50 PM IST
GST: A tough aasana for yoga matsTraders Association of Sporting Goods and Physical Exercise Equipment (TASGPEE) has represented to the GST Council to reconsider fitment of...
15 Jun, 2017, 11.30 PM IST
Here's how you can draft a GST compliant invoiceFrom July 1, the invoices you raise will change. Here is how you can make an invoice that is in sync with the requirements of GST.
05 Jun, 2017, 01.01 PM IST
GST not to increase compliance burden, says Hasmukh AdhiaExplaining the rationale, he said people have to keep different law books for filing return for various taxes like VAT, Excise etc in the p...
02 May, 2017, 01.35 AM IST