GST rate for daily consumables such as ghee, nuts, and packaged drinking water has been reduced from 12 per cent to 5 per cent.

Andhra Pradesh High Court held that common show cause notice and/or common order for different tax periods is impermissible.

According to the guidelines, "restaurant services" within "specified premises" are to be taxed at 18 per cent, with Input Tax ...

New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...

GST 2.0 (Sept 2025) maintains 18% tax on most AMC management, advisory, and mutual fund services. Securities remain exempt. New rules require ITC reversal for inputs related to newly exempted supplies ...

The GST Council has approved major tax reforms effective today, September 22, introducing a simplified two-rate structure of 5% and 18% to ease compliance and lower costs. Essential items like soaps, ...

GST Council’s next meeting may ease compliance, address ITC refund issues, include electricity & gas under GST, and propose ...

Gold prices have been climbing to record highs, prompting many people to sell their old jewellery for quick profits. But a common confusion arises: Do you need to pay GST when selling old gold ...

Tax expert CA Nitin Kaushik points out that the real impact of GST depends on the stage and type of property purchase.

Under the law, if the declared tariff of a hotel room is more than ₹7,500 per day, GST at 18 per cent becomes applicable on restaurant services also. However, for hotels with room rents below ₹7500, ...