What is GST

GST on Ice Cream sale in Parlors clarified

GST on Ice cream sale in parlors clarified

There was a long time confusion whether to pay GST at the rate of 5% or 18% on sale of ice cream in specified ice cream parlors.  Accordingly, CBIC has issued the clarification circular on GST on Ice cream sale in parlors. In this article, we will understand the latest updates regarding GST Taxation on … Read more

GST collections in Sept jumped to 1.17 lakh crore

GST collections in Sept jumped to 1.17 lakh crore

GST Collections in Sept surpassed 1.17 lakh crores. It is a 22.5 percent year-on-year increase, the fourth-highest collection since its inception on July 1, 2017, and the second-highest in the current fiscal year. The GST Collection in September indicates a successful transition of commercial activities following the second wave of the Covid-19 pandemic as well … Read more

No GST on Papad, whatever Shape, Name or Form

No GST on Papad, whatever Shape, Name or Form

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

Centre begins review of legal issues in GST

Centre begins review of legal issues in GST

The Centre has started a comprehensive review of the Goods and Services Tax (GST) law, as well as different GST rules. It is to offer clarification on concerns that have arisen since the levy’s implementation in July 2017. In this article, we will look at the Centre begins review of legal issues in GST. What … Read more

GST Rate on operating mini AC bus services clarified

GST Rate on operating mini AC buses services clarified

The GST Rate on Operating mini AC bus services is clarified now. Earlier, there was confusion among many people regarding GST Rates. The clarification was done by AAR(Authority for Advance Rulings). The applicant, M.P. Enterprises & Associates Limited, is a ‘supplier’ GSTIN under the Central Goods and Services Tax Act, 2017. Brihanmumbai Electric Supply and … Read more