India introduces GST 2.0 effective Sept 22, 2025, simplifying tax slabs to 5%, 18%, and 40%, merging cess, revising exemptions, and updating rates for goods, services, and renewable energy ...
AAR ruled that men’s pyjama sets consisting of a woven cotton shirt and pant fall under HSN 620721. For packs of 2 sets costing less than Rs.1,000 per piece, GST applies at 5% (CGST 2.5% + SGST 2.5%) ...
The Goods and Services Tax Network (GSTN) will initiate Phase III of mandatory harmonized system of nomenclature (HSN) code reporting next month. This move aims to enhance the accuracy and consistency ...
The Goods and Services Tax Network (GSTN) has implemented multiple changes in Table 12 of GSTR-1 return starting from the ...
Goods and Services Tax (GST) is an indirect tax system implemented in India to replace multiple cascading taxes levied by the central and state governments. It is a comprehensive, multi-stage, ...
A recent clarification issued by the Goods and Services Tax Council in its December 2024 meeting, that caramelized popcorn would be grouped with sugar confectionery and taxed at 18%, attracted much ...
Centre mulls scrapping 12 percent GST slab in first big tax overhaul. India is set to witness the biggest revamp of the Goods and Services Tax (GST) since its rollout in 2017, with the Prime ...