Tag: gst
A spoonful of policy change: Why a lower tax slab for ghee under GST 2.0 is good for hearts, homes, and farmers
As an increasing number of people seek to adopt healthier lifestyles, essential ingredients such as ghee are once again becoming staples of many diets. A…
Easing working capital under GST: Unlocking the value of accumulated ITC in GST 2.0
As India commemorates eight years of GST, the business community is increasingly vocal about the need for reforms that enhance working capital efficiency. Reflecting on…
GST rate rationalisation: Is there a second wind coming?
The Government has always blown hot and cold whenever the topic of Rate Rationalisation in Goods and Service Tax (GST) has come about. From an…
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…
GST 2.0: Paving the way for India’s trade and economic growth
The Economic Survey 2023-24 highlights the crucial role of indirect taxes in India’s economic framework. In FY24, gross GST collections soared to Rs 20.18 trillion,…
Navigating the evolution of Input Service Distributor under GST
The concept of Input Service Distributor (“ISD”) has passed through from the Service Tax regime to the GST regime. Despite the concept not being new,…
gst: WTC Mumbai submits memorandum for GST issue redressal
Mumbai: MVIRDC World Trade Center Mumbai has submitted a memorandum to address 12 challenges faced by trade and industry in complying with GST. The memorandum…
Ev charging stations: Charging your EV at public charging stations? Get ready to pay GST
The government is pushing electric vehicle (EV) adoption as a greener alternative to combustion engines, but a recent ruling by the Karnataka Authority for Advance…
GST regulations: Govt can support exporters by addressing existing gaps, ambiguity in GST regulations
MUMBAI: At a time when India’s merchandise exports have been declining for the last five consecutive months, tax experts suggest five key changes in GST…
gst: Taxpayers will have 3 months to move GST Appellate Tribunal after it’s formed, says HC
All petitioners under the Goods and Services Tax (GST) regime will get three months’ time to appeal after the formation of GST Appellate Tribunal, the…