[ad_1] GST Council, in its 47th meeting held on 28th and 29th June 2022, has come up with revisions in GST rates for a series of products. With regards cut & polished diamonds, the GST has been increased from 0.25% to 1.5% (effective 18th July...
[ad_1] India's biggest tax reform, the Goods and Services Tax (GST), completes its half-a-decade journey on June 30, with many hits and some misses, and also brought about a paradigm shift in use of technology to bring about tax compliance and making over Rs 1...
[ad_1] ‘One nation, One market, One tax' - the driving motto behind the introduction of GST, with effect from 01 July 2017, has brought 1.3mn taxpayers into a unified indirect taxation system. The profound idea behind the implementation of GST was that it would offer...
[ad_1] The government's decision to exempt suppliers on e-commerce having less than Rs 40 lakh turnover will boost online sales of goods, industry players said on Wednesday.The GST Council has decided to ease the process for intra-state supplies made through e-commerce portals.Now such suppliers will...
[ad_1] Emkay Wealth Management Limited, in its recent report, said that the surge in the US Dollar might continue given global economic uncertainties."The very fact that almost every other economy is plagued with inflationary pressures and falling economic growth rates brings to the fore the...
[ad_1] The GST Council deferred the decision on levying a 28% tax on casinos, online gaming, horse racing and lottery pending more consultations with stakeholders. Further, no decision was taken on extending the mechanism to compensate states for the revenue lost from the implementation of...
[ad_1] The transportation of goods is likely to be cheaper as the Goods and Services Tax (GST) council on Wednesday gave some relief to the transport sector slashing GST on ropeways, on renting of goods carriage including fuel cost and exempting the foreign component of...
[ad_1] The Goods and Services Tax (Council) is going to meet again on Wednesday to discuss crucial issues of GST compensation to states beyond June 2022 and 28 per cent tax on casinos, online gaming and horse racing.The opposition states on Monday pushed forward their...
[ad_1] The regulatory journey of cryptocurrencies (cryptos) in India has witnessed several ups and downs, drawing parallel to the steep highs and lows of the price these cryptos undergo in the open market. From an outright ban on cryptos to a Bill for regulation, the...
[ad_1] Packaged curd, lassi, buttermilk, foodgrains, cereals, honey, papad and a host of unbranded food items besides hotel rooms with a tariff below ₹1,000 per night and hospital rooms with a daily tariff of over ₹5,000 are set to become taxable with the Goods and...