The Goods and Services Tax (GST) Council, led by Union Finance Minister Nirmala Sitharaman, has announced that online gaming companies will now be subject to a 28% indirect tax on their turn… Read More
The 50th meeting of the GST Council has made multiple significant revelations. The council has decided to levy 28% GST on multiple online gaming activities. This tax will apply at the full f… Read More
At its next meeting, the Good and Services Tax Council is expected to set out the details of the proposed tax on online gaming, as well as define what constitutes an online gaming activity… Read More
The 51st GST Council met under the Chairpersonship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via video conferencing in New Delhi yesterday. The meeti… Read More
Little under a fortnight ago, the Goods and Services Tax (GST) Council, the apex body guiding India
's marquee tax reform, held its 50th meeting. Some of the decisions taken at the meeting h… Read More
The recent proposal to impose a 28% GST on online pay-to-play games will not affect the taxation of esports titles such as FIFA, League of Legends or major titles on platforms such as PlaySt… Read More
In recent years, the online gaming sector has witnessed transformative growth, attracting millions of global online players. Fantasy gaming is one o… Read More
The recent ruling made by the 52nd GST Council meeting causing an exemption of GST on Extra Neutral Alcohol (ENA) employed in alcoholic beverages has led to considerable deliberation and con… Read More
An appeal: what is it?
Under any legal system, an appeal is a request to a higher court to have a lower court’s ruling overturned. Any legal disagreements give rise to appeals.
W… Read More
The 53rd GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, brought forth several significant recommendations impacting GST tax rates, trade facilitation, and compliance [… Read More
Source: The post decision of recent GST Council has been created, based on the article “A fresh start: The GST Council must not lose sight of broader reforms” published in &ldquo… Read More
Attempt 23 June to 29 June 2024 Weekly Current Affairs Quiz, to stay up to date on the newest national and international current affairs, noteworthy developments, and critical events.
23 Jun… Read More
GST Liability on Renting of Residential, Commercial or Industrial Units including Paying Guest (PG) and Hotel Facilities
GST Liability on Renting of Residential, Commercial or Industrial… Read More
Judgement of Gujarat High Court on Taxability of Land: Analysis
The taxability of land, in its various forms other than land simpliciter under indirect tax laws, especially GST, has been a s… Read More
On Monday, July 15, the Indian government introduced a significant policy change by establishing a uniform 5% Integrated Goods and Services Tax (IGST) rate on all aircraft and aircraft engin… Read More
Introduction
The Union Budget is a pivotal instrument for shaping India’s economic trajectory. Beyond its impact on taxation and expenditure, the budget also plays a crucial role in… Read More
[Collection]Tyler DurdenHow Chinese Traders & Miners Got Around China's Crypto Ban
Authored by Yohan Yun via CoinTelegraph.com,
Chinese investors are finding innovative way… Read More
Final Union budget of 2024 was presented by the Hon’ble Finance Minister on 23rd July, 2024 presenting a road map to “Viksit Bharat’ through inclusive growth of all sectors… Read More
So Far, provisions related to the issuance of show cause notice, determination of tax not paid, short paid, wrongly claimed ITC and erroneous refund are given in the following sections:
S… Read More
It has been 7 years since the introduction of Goods and Service Tax and limitations under Section 73 have commenced from September 2023 onwards for FY 2017-18. In the initial year, a Show Ca… Read More
The Central Board of Indirect Taxes and Customs (CBIC) has announced the launch of its second special All-India Drive to tackle fake Goods and Services Tax (GST) registrations. This initiati… Read More
Singapore is one of the most prominent business hubs in the Asian region, attracting a great number of investors and entrepreneurs from foreign countries, as well as domestic businessmen. Qu… Read More
The 54th meeting date has finally been decided by the GST Council on Sept 9, 2024, to discuss major reforms in tax rates, life insurance, the shipping industry, etc Read More
In a recent meeting of the Group of Ministers (GoM) on rate rationalization under the Goods and Services Tax (GST) regime, no immediate decisions were made regarding the reduction of tax sla… Read More
Since last year, during the GST audit, most GST Authorities have questioned the taxability of ESOPs issued by the Indian Subsidiary company to the employees of its foreign holding company. G… Read More
India’s digital payment industry has witnessed significant growth, with more than 80% of transactions being valued at less than Rs 2,000. Since demonetisation in 2016, payment aggregat… Read More
The recent GST Council meeting introduced significant changes aimed at streamlining the GST framework and providing relief across various sectors. The meeting covered essential aspects of ta… Read More
The Central Board of Indirect Taxes and Customs (CBIC) has recently issued important clarifications on the taxation of advertising services provided to foreign clients by Indian advertising… Read More
The introduction of the Goods and Services Tax (GST) brought several key changes to how businesses operate in India, and one of these changes is the Reverse Charge Mechanism (RCM). This arti… Read More
Table of contents:
Understanding GSTR-6
Eligibility for GSTR-6
Turnover limit
Due dates
GSTR-6 Return filing process
GSTR-6 Format and Form Screenshots
Required Information in GSTR-6
Its Imp… Read More
The 54th GST Council meeting was held on 9th September 2024 under the chairpersonship of the union minister for Finance & Corporate Affairs and was also attended by the union minister of… Read More
The recent surge in the GST compensation cess has become a focal point of discussion after the 54th GST Council Meeting, where a Group of Ministers (GoM) was tasked with determining the futu… Read More
Table of contents:
Overview of the 54th GST Council Meeting
Agendas of the Council Meeting
Major Decisions from the GST Council Meeting
Outcome and Implications of the 54th GST Council Meeti… Read More
The GST Council was established in September 2016 as part of the 101st Constitutional Amendment Act, marking a monumental shift in India’s taxation system. Prior to GST, t… Read More
In the 54th GST Council meeting, the GST Council recommended introducing an Invoice Management System (IMS) on the GST Portal. At the time of the introduction of GST, it was planned to make… Read More
India’s carbonated soft drinks (CSD) sector is facing a significant roadblock in its quest for expansion, primarily due to high taxation under the Goods and Services Tax (… Read More
The introduction of the Goods and Services Tax (GST) in India has revolutionised the country’s indirect tax system. As a business owner or consumer, it is crucial to under… Read More
What is the full form of SGST? State Goods and Services Tax (SGST) is a crucial component of India’s GST system. It isa tax levied by state governments on intra-state supp… Read More
On October 11, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Circular No. 236/30/2024-GST to clarify the meaning and scope of the terms “as isâ… Read More
Best Dentist Hospital Near Me
Franchise Fee: This initial fee secures your right to operate under the franchise brand. Visit our clinic and let your radiant smile shine. Contact your dentist… Read More
On October 11, 2024, the Central Board of Indirect Taxes and Customs (CBIC) released circular no. 234/28/2024-GST, clarifying the application of Goods and Services Tax (GST) on affiliation s… Read More
The Group of Ministers (GoM) on GST compensation cess, led by Minister of State for Finance Pankaj Chaudhary, convened on Wednesday to deliberate the future of the compensation cess, particu… Read More
Circular No. 238/32/2024-GST
No. CBIC-20001/6/2024-GST
Government of India Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and… Read More
The government is constantly amending GST provisions related to renting immovable property, whether commercial or residential, to bring renting immovable property under the GST purview in ev… Read More
 Important Abbreviations for All Compitative ExamsFrom a competitive exam perspective, one needs to learn the important abbreviations in order to ace in their exam. Go through th… Read More
The Goods and Services Tax (GST) Group of Ministers (GoM) recently convened to discuss significant policy shifts, particularly in the areas of insurance taxation and rate rationalization. Th… Read More
Coober Pedy, known as the opal capital of the world, offers unique opportunities for entrepreneurs across tourism, mining, retail, and hospitality sectors. Launching a business in t… Read More
Charters Towers, located in northern Queensland, is a regional hub with business opportunities in tourism, agriculture, retail, and mining services. Before starting a business in Ch… Read More
The Central Coast region of New South Wales (NSW) is a thriving hub for entrepreneurs, but starting a business here requires meeting specific regulatory requirements. From federal registr… Read More
The GST Council has recommended eInvoicing for the B2C sector. The intention of introducing eInvoicing for B2C transactions is to improve compliance and reduce tax evasions. B2C invoicing en… Read More
The reverse charge mechanism means that the buyer, not the seller, has to pay Goods and Services Tax (GST) on goods or services. This happens when a registered buyer gets goods from an unreg… Read More