With a focus on simplifying the indirect tax regime and addressing anomalies in the existing Goods and Services Tax (GST) ...

Certain conditions must be satisfied before and after claiming the credit to remain compliant with the GST regime ... due to an inverted duty structure, where the tax paid on inputs is higher ...

Council, held in December 2018, deferred a decision to reduce the GST rate for cement from 28 per cent to 18 per cent. This was despite recognising that cement - along with automobile parts - remained ...

In Indian economic history, few reforms have been as transformative — and mischaracterised — as the Goods and Services Tax (GST ... The current five-rate structure (0%, 5%, 12%, 18%, 28% ...

Last month, we celebrated seven years of the rollout of the goods and services tax (GST). Its promise has been ... this was thwarted due to covid,. And before 2015-16, this survey was conducted ...

The government is focused on simplifying the indirect tax regime and addressing anomalies in the existing GST rate structure, ...

The GST rate rationalisation GoM report, which has suggested rate tweaks in 148 items, was not tabled before the Council ... Currently, GST is a four-tier tax structure with slabs at 5, 12 ...

New Income Tax Rules ... update it with your bank before April 1, 2025, to avoid losing access to UPI payments. With the new financial year, the GST regime is also getting its annual makeover.

What are some specific strategies for clients looking to preserve the current exemption from GST tax before its scheduled sunset? The excess GST exemption is similar to the applicable exclusion ...