What the updates to the Gift Tax Annual Exclusion, Unified Credit Amount and GST Tax Exemption may mean for clients.

(“the Petitioner”) filed common issue of rejection of refund applications based on Section 54(3) of the CGST Act read with ...

London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves ...

The Gujarat Appellate Authority for Advance Ruling (GST AAAR) addressed whether specially designed transformers supplied along with wind turbine generators (WTGs) by Suzlon Energy Ltd. qualify as ...

Cast your eyes on the accompanying charts. Chart 1 shows the drivers of real GDP growth in FY25, according to the National Statistics Office’s first advance estimates. The chart shows that ...

The exemption ensures that such critical transactions remain affordable. Precedent for Real Estate and Leasing Sector The judgment reinforces the exclusion of immovable property transactions from the ...

The RBI classifies gift vouchers as prepaid instruments Prepaid vouchers are considered 'money' and exempt from GST Non-prepaid vouchers are 'actionable claims' and also GST exempt Gift vouchers and ...

Another round of GST/HST credit payments might help with your holiday spending hangover — if you’re eligible. The quarterly, non-taxable payment on Friday is meant to offset GST or HST costs ...

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that prepaid vouchers, such as gift cards and digital wallets, are exempt from Goods and Services Tax (GST). This is because ...