Page 18 - Goods And Services Tax

Flavoured milk or beverage? AAAR says Vadilal's Power Sip is the latter

GST rate is 5% on milk and 12% for beverage; company says product is flavoured milk

GoM for different GST on sports betting, casinos and horse racing

Group of ministers to seek legal opinion for the move

3D-printed homes, implants, jewellery: An industry takes shape in India

High equipment costs and shortage of skilled manpower a challenge, despite MeitY push

GST collections above Rs 1.4 trillion for sixth consecutive month

Mop-up increases 28% YoY in August to Rs 1.43 trillion; most big states see double-digit growth in collections

Hit on revenues from alcohol to dent Delhi govt's revenue balance

The projected revenue from alcohol estimated at the time of presenting the Budget constituted around 20 per cent of the state's expected own tax revenue and 15 per cent of its total receipts.

Medicine purchases by inpatients exempt from GST: Tamil Nadu AAR

An outpatient will be charged GST for medicines and consumables bought that were prescribed in the course of providing health care services

Medicine purchases by inpatients exempt from GST, says Tamil Nadu AAR

But says drugs, consumables purchased by outpatients in the course of treatment will be taxed

Printing question paper exempt from GST, but not answer booklet, rules AAR

Holds that an answer booklet is a good, whereas printing question paper is a service provided to educational institution

SC dismissal of review petition on HSN codes setback for industry

Auto component industry may have to pay up to 15% basic Customs duty and 28% GST

Private education training firms subject to GST, rules Kerala AAR

Ernakulam-based company is not a formal school but an institution providing special training, it says

CBIC directs GST officers to not summon senior execs in first instance

Also instructs them to not arrest a person if he has a different interpretation of law

Most economists see GDP growing at slower pace in Q1 than MPC projection

At the MPC's estimate of 16.2%, the economy would have grown 6.1% over the corresponding quarter of 2019-20

GST rates could change to correct inverted duty, exemptions: Report

Group of ministers headed by Karnataka Chief Minister Basavaraj Bommai is working on the second round of GST rate changes, a news report said

Eye on FTAs, Centre turns to GSTN for services trade data mining

Currently, the value of exports and imports of services is released by the Reserve Bank of India (RBI) and it comes with a lag of over two months

Grave governance challenges await Bihar's new coalition government

Committed expenditures of the state, which has the lowest per capita income, exceed its own revenue by 47% in FY23

Do you need to pay 18% GST on rent?

Levying of Goods and Services Tax (GST) on home rent is also worrying people in some quarters. Who all will pay this tax on rent? Let us find out

Fair share

Dependence on cess and surcharge must come down

GoM on online gaming, casinos: No consensus yet on 28% GST on gross revenue

GGR is the total amount collected by casinos and online gaming companies before shelling out the money to the winners

India at 75: Prudent public finance policy still remains a challenge

Among other things, making the direct tax regime less confusing and bringing in expenditure reform are crucial challenges for the central government

Tax conundrum: FPIs uneasy after 18% GST on regulatory services

Set to approach Sebi, finance ministry for clarification