Tag: gst council
What’s luxury, what’s mass? GST Council to decide new tax rates on cars, motorcycles
The GST Council meeting is set to bring in sweeping changes to how India buys, especially cars and motorcycles. In fact, Finance Minister Nirmala Sitharaman…
Still not packaged well: GST adds to manufacturing woes, calls for simplification grows
Late in December 2024, the munchy popcorn found itself in the spotlight amid different tax rates proposed by the GST Council based on its sugar…
How GST 2.0 can transform the MSME sector
Micro, Small and Medium Enterprises (MSMEs) are essential for India’s economic growth, creation of employment and supporting large industries with cost-effective solutions. Over the years,…
GST: 6-years of GST: With record high collections, why it is an opportune time for rate rationalisation
The introduction of the goods and services tax (‘GST‘) in June 2017, marked a significant milestone in the history of taxation in India. This transformative…
GST amnesty scheme: Why taxpayers need an opportunity to correct inadvertent errors
The implementation of GST in India marked the beginning of the transformation of the indirect tax framework in the country. GST laws have evolved at…
GST Appellate Tribunal | Pending Cases: GST Appellate Tribunals: Can it reduce the problem of pending cases?
Since the introduction of GST in July 2017, businesses have been dealing with interpretational and technical challenges resulting in protracted litigation with respect to 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 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)…