To be eligible for the Composition Scheme under GST, a business must meet certain conditions. First one is no Inter-State Sales which means the business can only sell goods or services within the same ...

When the then President Pranab Mukherjee rang the bell for revolutionary change in the tax structure in the country in the ...

The Goods and Services Tax (GST) in India has been a significant factor in shaping the country’s economy since its ...

The GST Council has decided to impose a single rate of 18% on the sale of all old and used vehicles, including EVs. Previously, different rates were applicable based on the type of vehicle.

To provide clarity to the drone tech industry, the Goods and Services Tax (GST) Council is reportedly looking to finalise a ...

She said that the revenue neutral rate (RNR) has come down from 15.8 per cent at the time of the launch of GST on July 1, 2017, to 11.4 per cent in 2023.

Council is expected to enact a standard 5% GST rate on all commercial drones at its next meeting, which would be a significant step for India’s drone industry. In addition to reducing taxes for the ...

GST rates have come down since the law was implemented in 2017, and the currently ongoing revision is also likely to lower the levy further, the union finance minister said. "At the time when the ...

Finance Minister Nirmala Sitharaman on Saturday said the GST rates will come down further and the work on rationalising tax rates and slabs has "almost reached a finale". Photograph: ANI Photo She ...