Category: GST
e-Invoice GST: E-invoice mandatory for turnover above 10 crore from October 2
The centre has made E-invoicing mandatory for businesses with aggregate turnover exceeding Rs 10 crore from October 1, a move which will further plug in…
GST Slab: GoM weighs scrapping 12% GST slab
A group of ministers, mandated to look at rate rationalisation by the Goods and Services Tax Council, is mulling doing away with the 12% slab…
GST News: To tax at 18% or 28%? The GST Conundrum for skill gaming sector
In August 2022 the Group of Ministers (GoM) will suggest a GST regime for lottery, casino, and gaming businesses. In this article, we discuss the…
gst council: From canteen to medical insurance, GST Council provides much-awaited relief on employee perks
In the last meeting, the GST Council promised to issue clarifications relating to various Input Tax Credit (ITC) issues under GST. Keeping its promise, the…
GST exemptions: States backed removal of GST exemptions: Revenue Secretary Tarun Bajaj
The states had completely backed removing exemptions on many packaged food items, Revenue Secretary Tarun Bajaj said, explaining the case for the levy. He said…
GST rate: Revised GST rates kick-in today; Here is a list of items that’ll get costlier
Consumers may have to shell out more starting July 18 as several goods and services will cost higher with the Goods and Services Tax (GST)…
tax law: How uniformity in tax law made a common national market
One of the major positives of the GST roll-out is the consolidation of over a dozen indirect taxes into a single tax. Also, unlike the…
Draft paper released on changes to GSTR-3B
The Central Board of Indirect Taxes and Customs (CBIC) has released a concept paper, suggesting comprehensive changes in the GSTR-3B – a self-declared summary of…
New GST googly: Gifted IPL tickets are no longer free
Complementary Indian Premier League (IPL) tickets given or gifted to anyone free of cost would still attract Goods and Services Tax (GST) as there is…
Gaming GST Rates: GST on gaming and gambling: Don’t ‘game over’ before it has even begun
Shifting the spotlight on to players will have ruinous implications far and wide. Similarly, the decision to impose a one-time 28% tax on customers in…