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Understanding GST on used cars: Rules, examples, and exemptions
The Goods and Services Tax (GST) Council, in its 55th meeting, clarified taxation rules for the sale of old and used vehicles, including electric vehicles (EVs). A uniform GST rate of 18 per cent ...
Tax Guru3d
ISD Evolution and Implications for GST Taxpayers
Input Service Distribution or ISD in not a new concept in India, its familiarity dates back to the Service Tax Era. The Service Tax law upheld the principle that credits relating to any input service ...
NDTV1mon
GST, Visa Fees, Mobile Data Charges & More: Key Changes From January 1 That Will Affect Your Finances And Planning
This is to make security on GST portals tighter ... 2024 commonly known as RoW rules on 19 September, 2024. In effect from January 1, 2025, these regulations are established to control the ...
Tougher validation process in GST filing in Phase III of mandatory harmonized system of nomenclature code
Starting from February 2025, taxpayers will need to report HSN codes in GSTR-1 and GSTR-1A forms by selecting the appropriate ...
Ontarians will see some new rules kick in this February
Several new laws and regulations in Ontario are set to change next month that will affect business owners and people across ...
Tax Guru10d
Accused Cannot Be Held Beyond 60 Days Without Complaint Under GST Laws: Delhi HC
Accused/Taxpayer cannot be kept in custody beyond the period of sixty days if complaint has not been filed pursuant to investigation for offences specified under GST Laws: Delhi HC ...
Hindustan Times1mon
How will sale of used cars will be taxed under new GST rules? A simple guide
The GST Council has recommended an increased 18% tax rate on used car sales of electric vehicles (EVs), along with specified petrol and diesel cars The GST Council has recommended an increased 18% ...
GST Tribunals may be delayed by 6 months as states yet to appoint officials
In May 2023, the Centre appointed Sanjaya Kumar Mishra, former Chief Justice of the Jharkhand High Court, as the GSTAT ...
Businessworld1mon
GST And Production Linked Incentive (PLI) Scheme: Understanding The Tax Compliance Nexus
2. Valuation under the GST laws and PLI Under the PLI scheme, the applicants have to first submit an ‘application for eligibility’ and then periodically submit ‘disbursement claims’, both ...
Deccan Herald29d
GST Council and the tax tweaks
Historical data suggests that retrospective amendments in taxation laws are often perceived as working against taxpayers. The GST Council reinforced this perception by amending Section 17(5)(d ...
NDTV1mon
"I'm 18% GST": Orry Explains GST On Popcorn Like Only He Can - And Internet Is Loving It
Case in point: his latest Instagram video about popcorn. ICYMI, popcorn has been the talk of the town after the announcement of the new GST rules based on its sugar and spice content. In short, salted ...
rediff.com23d
CBIC clarifies rules, says no GST to apply on pre-paid gift vouchers, cards
In a recent clarification, the Central Board of Indirect Taxes and Customs (CBIC) provided insights into the goods and services tax (GST) treatment of transactions involving vouchers. Illustration ...