The levy of Goods and Service Tax is going to be a game changer in doing business across the country. Be it a dealer or a manufacturer, it is prime in importance for both parties to know the GST rate on washing machines for compliance purposes and smooth operations. The current rate of GST on … Read more
Hybrid Cars in India: Comprehensive Insight into its GST Rate: With the world beckoning towards greener options in transport, hybrid cars have reportedly been getting overwhelming responses in India. The taxation structure for such vehicles is generally complicated and may be baffling to many. This article looks into the GST rate on hybrid cars in … Read more
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
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
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
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
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