GST

What is the GST on PS5 pro?

GST on PS5 pro

The PlayStation 5 Pro or PS5 Pro is announced and promises superior performances, better graphics, and a more immersive gaming experience. But, the question still remains, What is the GST on PS5 Pro? Let’s understand the concept of GST on PS5 Pro. What is the GST Rate on PS5 Pro? In India, electronic goods, including … Read more

B2C e-invoicing soon launch

B2C e-invoicing

The B2C e-invoicing implementation will be revolutionising how businesses issue invoices to customers. At present, B2B e-invoicing is mandatory, however, the GST Council is also planning to implement B2C e-invoicing on a voluntary basis. What is B2C E-Invoicing? B2C e-invoicing is the process of creating electronic invoices for purchases made by customers. In line with … Read more

GST on Apple AirPods 4 in India

GST on Airpods 4

Apple’s new AirPods 4 are now available in the market with new features.  In India, if you buy Apple’s AirPods 4, you have to pay GST at a rate of 18% raising its overall price. But, you can also save GST on Apple AirPods 4 in India. Let’s learn how through this article. Understanding GST … Read more

GST on life and health insurance

gst on Health Insurance

The GST is applicable to life and health insurance in India also. Currently, policyholders are facing financial pressure due to GST and the government is considering reducing it. This article dives deep into the topic of GST on Life and Health Insurance along with recent updates in this sector. GST on Life Insurance For Life … Read more

GST on Renting of Commercial Property via Reverse Charge

GST on Commercial Property Rent via Reverse Charge

The latest notice announced by the GST Council changed how the rental income from commercial property is taxed. This change is expected to increase the government’s tax revenue. However, experts say it may raise costs for tenants. After the Council’s 54th meeting on September 9, it was announced that if the property owner is not … Read more

Government about to impose 18% GST on UPI Transactions

GST on UPI Transations

The Indian government is now considering a new proposal regarding GST and UPI. It is considering imposing 18% GST on UPI Transactions below Rs. 2000. As you might already know, UPI Payments are free for consumers. Thus, making them a popular and easy choice for small transactions. However, now the government is reviewing the idea … Read more

No GST on research grants in Education Institutions

GST Exemption On Research Grant

There is a major development in India’s higher education sector now there will be an exemption of GST on research grants for educational institutions. Thus, eliminating the financial burden previously posed by GST. Key Benefits of GST Exemption on Research Grants in Educational Institutions Earlier, educational institutions had less funds available for GST because they … Read more

GST on iPhones 16 and how to save it?

GST on iPhones 16

iPhone 16 is one of the most desired phones this year, and it’s just around the corner. If you are thinking of purchasing an iPhone 16. Well yes, iPhone 16 will be a little expensive by adding GST on the purchase price. As you start shopping to get your hands on the latest technology gadgets, … Read more

New GST Updates affect GST Return filling w.e.f 1 Sep 2024

GST Return Filling Updates

Starting from September 1, 2024, you will have to adhere to new rules and GST Updates regarding GST Return Filing. It’s essential for businesses to be aware of these changes to ensure compliance and avoid any penalties. Key GST Updates affecting GST Return filing  Reporting of High-Value Supplies in GSTR-1 As per the latest notification … Read more

Gst rate on readymade garments

Gst rate on readymade garments

Goods and Services  Tax is, without any doubt, one of the biggest “revolutions” that the conventional taxation system of India has been faced with, involving a single tax framework for manifold goods and services. The sectors which are being considerably affected by GST include textiles, especially readymade garments. In this article, we try to delve … Read more