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PRESCRIBED GST RATES
MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
Good news for diabetes & BP patients: Govt cuts prices of these 30 medicines, relief may reach pharmacies soonThe National Pharmaceutical Pricing Authority (NPPA) has fixed retail prices for 30 essential drug formulations, including those for diabet...
GST Council Meeting: Railway Platform tickets exempted from GST, biometric authentication push & other key decisionsAt its 53rd meeting in New Delhi, the GST Council decided to implement nationwide biometric authentication to combat fake invoicing. Financ...
GST rate for COVID-19 medicines pegged at 5% GST: govtUnion Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that 66 per cent of government-sponsored health insurance scheme...
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...
Six digit HSN code in GST made mandatory from April 1A taxpayer having turnover of upto Rs 5 crore in the preceding financial year is required to furnish 4 digits HSN code on B2B invoices.
Realty companies have time till Jun 30 to pay GST on shortfall in input procurement from dealersThe GST Council had allowed real estate players to shift to 5 per cent GST rate for residential units and 1 per cent for affordable housing...
In-principle decision to link Aadhaar with GST registrationThe council also decided to a withdraw a circular issued in June which prescribed that the additional discount given by a company to a deal...
Building construction: Getting smart with GST and Reverse ChargeGiven that there is a large set of "unregistered" parties in this sector, the concept of reverse charge in GST carries significance.
Residential buildings not completed to choose between old GST and the new regimeThe new regime, that provides a lower GST rate but without input tax credit, will be mandatory for all new projects launched after April 1.
Govt hints at reviewing rates in top GST bracketAfter slashing the GST rates of over 200 items last month, the government today hinted at reviewing levies on the items in the top 28 per c...
Will pass on GST rate cut benefits to consumers: NestleLast week, GST Council reduced tax rates on over 200 items ranging from chewing gum and chocolates to beauty products and wigs and wrist wa...
Modi government open to Congress demand, tax rate may be put in GST lawPrime Minister Narendra Modi has said that GST will be rolled out as scheduled next year and has reached out to predecessor Manmohan Singh ...
MAIT's six recommendations for Budget 2015It is suggested that the benefit of SAD exemption may be extended to all goods when imported for use in the manufacture of ITA goods.
- Despite sops, states not ready for GST
The proposed goods and service tax has again run into trouble, putting a question mark over its rollout next fiscal.