GST Rates

GST Rate on Air Conditioners in India

GST Rate on Air Conditioners in India

The Goods and Services Tax (GST) has revolutionized the taxation system in India, and it’s essential to understand the GST rates on various products, including air conditioners.  Table of Content Introduction GST Rate on Air Conditioners Impact of GST on Air Conditioners Exemptions and Exceptions Conclusion GST Rate on Air Conditioners The GST rate on … Read more

GST Rate and HSN Code on Legume Flour and Wheat Flout

GST Rate and HSN Code on Legume Flour and Wheat Flout

Let’s understand meslin flour and wheat flour first. Which types of flour come in meslin flour and wheat flour. Don’t worry we will cover all the flours that are commonly used in Indian cuisine. Do they all come in meslin flour and do they all come in the same hsn code and gst?   Meslin … Read more

18% GST on Dosa, Idli, Khaman Mixes; Not Sattu

18% GST on Dosa, Idli, Khaman Mixes; Not Sattu

The General Anti-Avoidance Rules Authority (GAAR) has issued an update that indicates a possible reclassification of instant mixes such as dhokla, idli and dosa. Therefore, this will increase their GST rate to 18%. This decision takes these items out of the low tax basket “sattu”. The impact on the producers and consumers is significant. Manufacturers’ … Read more

GST Rates on Handicraft Products

GST Rates on Handicraft Products

The Indian Government announced concessional GST rates for select handicraft items last year. This aims to support small and medium-sized businesses in the handicraft sector and stimulate its growth. The sector is a key contributor to India’s economy, generating employment in rural and semi-urban areas. The reduced tax burden through concessional GST rates will enhance … Read more

GST rates on Interior & Exterior Wall Paints

GST rates on Interior & Exterior Wall Paints

Prior to the implementation of the Goods and Services Tax (GST) regime, there existed a multitude of taxes such as excise duty, services tax, customs duty, surcharges, and State-level Value Added Tax (VAT), among others, that were imposed on the provision of goods and services. However, the current indirect taxation system in India is GST. … Read more