GST rate rationalisation tops companies’ list of demands
Rate rationalisation under the goods and services tax (GST) remains the top priority for businesses, which are now seeking a […]
GST Rate Notification
Definition of declared tariff omitted and specified premises substituted linking with actual value of supply of accommodation provided by the hotel, effective from April 01, 2025
Background: The 55th GST Council Meeting held on December 21, 2024, recommended to omit the definition of declared tariff and
CBIC notifies various amendments to the GST Services Rate Exemption Notification
The CBIC vide Notification No. 06/2025-Central Tax (Rate) dated January 16, 2025 has introduced amendments to base Notification No. 12/2017-Central
Renting of any Commercial/ Immovable Property (other than residential dwelling) excluded from the levy of GST under RCM for Composition Taxpayers
Background: The 55th GST Council Meeting held on December 21, 2024, recommended to exclude taxpayers registered under composition levy scheme
Tax leviable under forward charge mechanism on sponsorship services provided by the body corporates
Background: The 55th GST Council Meeting held on December 21, 2024, recommended to bring supply of the sponsorship services provided
CBIC increases the GST rate from 12% to 18 % on sale of all old and used vehicles, including EVs other than SUVs
Background: The GST Council in its 55th meeting held on December 21, 2024, recommended several significant decisions aimed at tax
CBIC reduces the Compensation Cess rate to 0.1% on supplies to merchant exporters, at par with GST rate for such supplies, subject to specified conditions
Background: The GST Council in its 55th meeting held on December 21, 2024, recommended several significant decisions aimed at tax
CBIC amends Goods Rate Notification for Fortified Rice Kernel Supplies (Premix)
The CBIC issued Notification No. 03/2025-Central Tax (Rate) dated January 16, 2025, to amend the Central Goods and Services Tax Act,
CBIC exempts Gene Therapy from GST and amended the definition of ‘Pre-packed and labelled’
Background: The GST Council in its 55th meeting held on December 21, 2024, recommended several significant decisions aimed at tax
CBIC exempts GST on contributions made by insurers to the motor vehicle accident fund out of the premiums collected for third party insurance of motor vehicles
Background: The 55th GST Council Meeting held on December 21, 2024, recommended exemption from GST on the contributions made by
