GST Council Meeting: Bringing petroleum products such as petrol, aviation fuel and diesel under the GST regime, could be on the agenda
Due to revenue-related challenges, there is disparity among the Council members on if a uniform GST rate should be levied on petroleum products.
Here is a primer on how GST is calculated on the premium of your insurance policy.
Parathas are not the same as roti or chapati or khakra and will attract 18% GST, rules Gujarat bench of AAR
Experts suggest the AAR decision will affect the local dairy producers' and farmers' profitability, as the company will reduce their pays.
Last week, the domestic equity markets ended at a record high as momentum continued in bluechip large caps.
The finance ministry said that with the easing out of Covid restrictions, GST collection for July and August 2021 have again crossed Rs 1 lakh crore.
As per the ruling, the hostel fee below Rs 1000 per day per student will be subject to a ‘nil’ rate under Entry Number 14.
GSTR-3B, through which businesses pay taxes, is filed in a staggered manner between 20th-24th day of the succeeding month
The Gujarat bench of AAR rules that as long as ingredients are similar, GST cannot be levied on papad.