The debate over the rate of goods and services tax (GST) on food products is far from done. The Ready-Made parathas, which require to be heated prior to consumption, can not be similar to chapati, roti, or Khakra and would attract GST at the rate of 18%, the GAAR (Advance Ruling Authority of Gujarat) has … Read more
The GST Council endorsed a proposal on Friday that platforms for public food supplies such as Swiggy and Zomato should collect 5% GST after getting GST Registration. The pandemic gave a boon for food supply platforms after the first lock-down and delivery of restaurants with aggregate orders such as Swiggy and Zomato up 120% of … Read more
An E-way bill refers to a document or receipt produced by a carrier having GST Registration that provides details and instructions on the delivery of the products, and the details are names of the delivery agent, destination and route, the point of origin of the delivery. In this article, we’ll learn how to Generate An … Read more
Important news for Investors as the GST & Income Tax Department may target Crypto Transactions soon. If crypto transactions are taxed, investors might need to mention them in their ITR Filing. As per the recent reports, the Finance Ministry is considering taxing crypto income through trading and crypto exchanges. Sources argue that even if it … Read more
A huge relief for the nation’s $180 billion industry of BPO (Business Process Outsourcing) and IT Companies. The GST Council on Friday released a clarification that will open up hundreds of crores in tax refunds for IT, financial services, and research and development sector firms, and eliminate the four-year-old problem that has led to large-scale … Read more
The GST (Goods and Services Tax) committee is on Friday anticipated to select either to treat back-workplace business process outsourcing corporations provided to abroad customers as exports not legally accountable for levy or a moderator service charged eighteen percent levyMore so, The verdict would be vital for the above $180-billion BPO sector that runs on … Read more
On September 17, 2021, Finance Minister Nirmala Sitharaman chaired the first in-person GST Council meeting since the coronavirus pandemic began. The 45th meeting of the GST Council was conducted in Lucknow. The council members discussed a number of GST topics, including state compensation and revisions to GST rates on Covid essentials, whether or not the … Read more
Daily E-way bill generation for goods transportation under the Goods and Services Tax (GST) system came in at 20.97 lakh in the first five days of September. This is 7.5% higher than the daily average for the first Eight days of August. Thus, we can see the indications of continued momentum in Economic recovery. In … Read more
No GST on Papad – The CBIC(Central Board of Indirect Taxes and Customs) has made it clear. In the recent tweet, the CBIC declared that no GST is levied on Papad whatever its shape, name, or form is. Let us discuss this update in detail. What is GST? GST stands for Goods and Service Tax. … Read more
Gaming is no Exception in virtual reality that has become an important part of our life. The epidemic has also led to a transformation in children’s playgrounds. In India, both the income and consumption of the online gaming sector have grown exponentially. Online gaming is forecast to increase at a combined pace of 22 percent … Read more