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GST Council may consider reducing the tax rates on Lithium-Ion batteries and on EVSE according to the draft prepared by the Niti Aayog.
In the present case the appellant challenged the order of the Bombay High Court which stated that the GST will be levied on lease payments.
In the next meeting of the GST Council which will be held next month, the council may propose to increase GST slabs from 5% to 8%
In the recent ruling by the Maharashtra Authority of Advance Ruling, it was ruled that Goods and Service tax will be payable on earthwork including excavation work.
Indian soft drinks and beverages companies have reduced their standard package size from 200ml to 160ml to cope with spiking GST rates on cold drinks.
Clarifications Regarding Applicable GST Rates & Exemptions on Certain Services
The textile industry in India is the largest employment provider after the agricultural sector. It offers employment to both skilled and unskilled labourers. The textile industry in India provides employment to nearly 35 million people in India.
No Imposition of 28% of GST on Crypto Services claimed by the Sources.
Sundry creditors are those people who give goods or services to people on a credit basis. Such types of people, organizations, firms, or businesses are known as sundry creditors in accounting language. They are also known as “miscellaneous income or ...
2 months ago