Vouchers: The GST Council has recommended no GST on the transaction in vouchers as they have been classified neither as a ...

As of 2024, the GST slab rates in India are categorised into four slabs: 0%, 5%, 12%, 18%, and 28%. Understanding the basics of GST tax rates holds significant importance for both businesses and ...

The GST Council waived taxes on cancer gene therapy and reduced levies on fortified rice kernels. Decisions on ATF inclusion, insurance rates, and food delivery services were deferred. Used cars ...

Trump’s interested in Greenland because of its mineral potential, especially in rare earth minerals the U.S. needs for ...

The items that qualify for GST/HST relief during this period qualify throughout the supply chain, whether they are being supplied from a manufacturer to a wholesaler, or from a wholesaler or a ...

HSN (Harmonised System of Nomenclature) code has been used for the purpose of classification of goods under the GST regime. Hence, the classification of the item for Customs Duty purpose and IGST ...

The GST rate for pebbles, gravel and crushed stone used in concrete is 5%. The following are HSN Code classification for gravel and crushed stone for which 5% GST rate is applicable: Pebbles, gravel, ...

Only “registered persons” — mainly businesses involved in purchase and sale of used vehicles — are liable to pay Goods and Services Tax (GST) on sale of old and used vehicles, and that too only if a ...

There has been growing clamour for removing or lowering the current GST rate of 18% on life and health insurance policies. After Union Minister Nitin Gadkari raised this issue, people started hoping ...

While some goods attract 5% GST, some others attract 12%, 18%, 28%. Some goods, however, are exempt from GST. All products under GST are listed under the Harmonised System of Nomenclature, or HSN code ...

Ahead of GST Council meet, why is 35% GST trending today? The figure 35% trended in India today, and the number has a decision behind it. Tax on aerated drinks, cigarettes and demerit goods is likely ...

There is no change in the tax rate of popcorn and the GST Council has only agreed that the Central Board of Indirect Taxes and Customs (CBIC) will issue a circular clarifying the current taxation ...