GST has to be paid on discounted price: CBIC
Decoding GST on Discounts: What Businesses Need to Know The world of Goods and Services Tax (GST) can sometimes feel like navigating a maze. Just ...
GST revamp: Goods and services tax not applicable on these post-sale discounts; here is what experts say
The Central Board of Indirect Taxes and Customs provides clarity on Goods and Services Tax. GST will not apply to post-sale discounts offered by manufacturers ...
GST reset: Centre to keep tabs on key items’ prices
Keeping a Close Watch: India’s GST Overhaul and Price Stability The Goods and Services Tax (GST), India’s most ambitious indirect tax reform, is undergoing a ...
Small cars, two-wheelers under 350cc, TVs, ACs and dishwasher prices to come down on GST cut
A Little Relief for Your Wallet: GST Tweaks Bring Price Drops The taxman giveth, and the taxman… well, sometimes he giveth a little less. That ...
GST revamps: FM Sitharaman announces special 40% tax slab for sin goods; levied on bidi, tobacco & more
The GST Council has approved a new 40% tax slab for sin and luxury goods, set to replace the existing cess. While the implementation date ...
GST rate cuts announced by FM Sitharaman! 5% and 18% to be two main slabs; new rates effective September 22
Finance Minister Nirmala Sitharaman announced significant GST rate cuts following the 56th GST Council meeting, implementing a two-tier structure of 5% and 18% effective September ...
Hotel rooms-casinos: Services facing 12%, 28% GST in focus
Team GST is convening to address the tax slabs on various services, including hotel rooms, air travel, and banking, with potential rate adjustments under consideration. ...
GST overhaul: Rs 1.1 trillion worth revenue might be lost; UBS says fiscal cost manageable
The government’s GST rate rationalisation, expected before Diwali, aims to benefit consumers and MSMEs. A UBS report indicates a manageable revenue loss of 0.3% of ...
GST revamp: Centre, states equal stakeholders! Govt clarifies concerns over impact on state revenues
The Centre is proposing a two-slab ‘Next Gen GST’ structure, sparking revenue concerns. Government sources clarify that the Centre and states share revenue equally, anticipating ...
GST rationalisation proposed! Lower slabs to lift domestic consumption, aid essentials & durables— what do economists say
Economists believe that the government’s proposed GST rationalisation will bolster domestic consumption, providing crucial support to the Indian economy amidst global headwinds like US tariffs. ...
