According to GST rules, it is mandatory for a business that has a turnover of above Rs.40 lakh to register as a normal taxable entity. This is referred to as the GST registration process. It is a ...

On the supply of goods and services for domestic consumption is charged with Goods and Services Tax (GST), which is a value-added, single indirect tax law for the entire country. The tax value is ...

As the Goods and Services Tax (GST) authorities set out to chart the future roadmap of the indirect tax regime, seven years after its implementation in July 2017, the biggest question in the minds of ...

The way businesses operate in India has been significantly impacted by the Goods and Services Tax (GST). One of the most crucial elements of this tax system is the GST invoice. Any firm must ...

A GST panel is considering reducing rates for items like medicines and tractors to 5%, while keeping cement rates stable and potentially increasing GST on high-end EVs. Health and term insurance ...

They are meant to help individuals and families offset the GST or HST that they pay. The GST/HST credit payments are calculated based on the adjusted family net income and the number of children ...

The latest change announced by the Goods and Services Tax (GST) Council regarding taxing rental income from commercial property is likely to improve the government’s tax revenue. But, this may prove ...

The 54th GST Council meeting, held in New Delhi on Monday (September 9, 2024) announced several changes to the existing Goods and Services Tax (GST) slabs. The most notable among these was the ...

The 54th GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, was concluded on Monday. The 54th GST Council Meeting, chaired by Finance Minister Nirmala Sitharaman, was concluded ...

GST Council Meeting decisions: The GST Council's meeting on Monday announced significant tax cuts to make essential goods and services more affordable. Key reductions include lowering GST on cancer ...

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more ...

With just one-and-a-half year remaining for the cess to end, the GST Council in its 54th meeting on September 9 decided to set up a GoM to decide the future course of the cess ...