For e commerce exports, GST has created an Integrated GST (IGST). Importing goods incurs an IGST whilst the exporting side is zero rated, which allows businesses to get refunds on money spent on ...
In recent years, the Indian government has recognized the need to support and empower MSMEs through various policy initiatives, including significant tax reforms. These reforms aim to streamline tax ...
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 ...
India is considering increasing GST on tobacco products, including cigarettes, after the cessation of the compensation cess in 2026. A proposal to elevate GST to 40% plus additional excise duty ...
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GST On Selling Old Cars: Now you will have to pay 18% GST on selling old cars, who will be affected by the new rule and what will be the impact?The increase in GST will have the biggest impact on those businesses that claim an input ... This content has been sourced and edited from NDTV India. While we have made modifications for clarity ...
to decide the classification and consequently a lower GST rate,” said Harpreet Singh, Partner, Indirect Tax, Deloitte-India.
Another important issue is that e way bill generation during last three months including February has been more than 11.15 crore, which could have some impact ... at EY India. The GST Council ...
The new change in the GST rates will impact the registered used-car dealers in India. The latest hike in the GST tax rates can widen the gap, as a significant portion of the second-hand car market ...
Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 101.95 crore on it for short payment of Goods and Services Tax (GST) for five ...
Life Insurance Corporation of India (LIC) announced on Monday that ... Goods and Services Tax (GST) amounting to Rs 31.04 crore, interest of Rs 23.13 crore, and a penalty of Rs 3.10 crore.
The automaker also said that there will be no impact of the GST orders on the firm's financial, operational or other activities. Hyundai Motor India shares are trading 6.20 per cent lower since ...
The Federation of Automobile Dealers Associations (FADA), the leading body of automobile retail in India ... the impact of the steep price hike. FADA believes that a reduction in the GST rate ...
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