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As curd, paneer and wheat flour turn 5% costlier, retailers worried about 'old stock'
With curd, paneer, unbranded pre-packaged food items like wheat flour and others coming under the G…
GST collections up by 44% at ₹1.4 lakh crore in May
This is the fourth time the monthly GST collection crossed Rs 1.40 lakh crore mark since inception …
India is working on crypto classification under GST law
The government is working on classification of cryptocurrency as goods or services under the GST la…
PTI
OPINION: GST Input Tax Credit changes from January 1 – Things to ask your vendor, how to protect your ITC and more
With the upcoming change, ITC on an invoice/debit note can be availed by a recipient only when d…
Lower rates alone will not stop GST evasion — simpler rules will
However, 20 months after it was introduced in July 2017, it has failed on both counts. Let’s tak…
Digital service tax explained: India backs out of equalisation levy after global tax agreement kicks in
The expanded equalisation levy became applicable from April last year to a range of digital se…
Cloud kitchens are restaurants, ice cream is not food and other important clarifications that will affect GST rates
One of the reasons behind this is the ever-evolving business landscape – for instance, while clo…
India’s biggest tax reform hits ₹1 trillion in October, expects collections to rise with the festive season rolling in
While the success of the tax is often debated, October’s collections are a 6.6% higher tha…
Buying NFTs may get more expensive for Indians as the government mulls over double taxation
Non-fungible tokens (NFTs) have become a buzzword in India, even among those who may not necessaril…
India's online gaming industry has the potential to generate $2 billion by 2023: EY-All India Gaming Federation report
Online real money game players are expected to grow from 80 million in 2020 to 150 million by 2023
November GST collection stands at ₹1.04 lakh crore
This is the second straight month in the current fiscal when GST revenue has topped ₹1 lakh cror…
PTI
Here’s the list of GST rate for services; 28% for luxury hotel services, healthcare exempted
“Four tax slabs for services-5%, 12%, 18% (standard rate), 28% (luxury services),” said Jaitley.…
Only 50 luxury and 'sin' items find their place in GST's highest slab
In what is one of the biggest reductions ever since GST came into effect from July 1, the GST Counc…
This is how much the government earned from GST in September
The Finance Ministry revealed that the government collected Rs 92,150 crore as Goods and Services T…
Here’s how to avail GST credit if your supplier has not uploaded invoices
This results in either the working capital getting blocked or the entire ITC amount being lost. …
India's June quarter GDP to see modest recovery at 6.6%
India is expected to see a modest recovery in GDP growth at 6.6 per cent for the April-June quarter…
INTERVIEW: Two things on Tech Mahindra CFO’s wishlist for the Budget 2021-22 that were left unaddressed
India’s latest budget did acknowledge the role of technology in economic revival. For instance, the…
Glee.S.T! January 2021 GST collection may have beat the December record
More than ₹1.2 lakh crore may have been collected in January, compared to ₹1.15 lakh crore in Decem…
Cab leasing to go costlier under GST
As per officials from these companies, tax rates might be increased from 14.5% to somewhere bet…
Here’s what’s dearer and cheaper after GST roll out
From now on, India has come under one tax regime and subsumed more than 10 central and state ta…