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Contributions to Sinking Fund of Residential Welfare Associations by its members deemed Advance Payments for Future Services, liable to 18% GST: AAR [Read Order]

Devanand T R

The West Bengal Authority for Advance Ruling ( AAR ) has held that the contributions made by members to the sinking fund of Residential Welfare...

Heavy Industries Ministry to Examine Requests for lower GST on Flex Fuel Vehicles, now at 28%

GST Rate Rationalization - Lok Sabha Election - Finance Ministry - taxscan

Further GST Rate Rationalization likely after Lok Sabha Election, reveals Finance Ministry Official

Below 18% GST on Health Insurance: Recommends Parliament

GST Rate Cut Recommended by Parliament Panel for Health and Microinsurance

Budget 2024: Apparel Export Promotion Council expects Uniformity in GST for Entire Value Chain

The Apparel Export Promotion Council (AEPC) has urged the Central Government for tax incentives, including uniform GST rates, enhanced interest subsidies, and budgetary support for branding and...

Interim Budget 2024: Expects Tax Break and Funding for Innovations in Indian Pharma Industry

As the Finance Minister is going to introduce the Interim Budget 2024, the Indian pharmaceutical industry commands a significant share of more than 20 per cent in the global medical supply chain. The...

Budget 2024: Senior Citizens Expect Lower GST Slab

There are 149 million persons aged 60 years and above in 2022 (as of 1 July), comprising around 10.5% of the country’s population. And, by 2050, this population will double to 20.8%, with the...

Budget 2024 - Senior Citizens Tax Benefits - GST Slab - GST Reduction Expectations - Tax Reforms for senior citizens - Taxscan

GoM set to reconsider GST Rate Rationalisation

The Union government has reconstituted the ministerial group of the GST Council that was tasked with recommending the simplification of the complex tax structure and a rejig of its multiple rates....

Are you a Builder? Know the GST on Construction Services

Construction is a complex process involving planning, design, and financing and continues until the structure is ready for occupancy. Far from being a single activity, large-scale construction is a...

Are - Builder-Know - GST - Construction- Services-TAXSCAN

UP Assembly Passes Bill Imposing 28% GST on Online Gaming and Betting

On November 29, the Uttar Pradesh (UP) state assembly took a significant step in regulating the online gaming industry by passing a bill that imposes a 28% Goods and Services Tax (GST) on the full...

Electricity Supply Bundled with Property Rent or Maintenance Treated as Composite Supply, CBIC Clarifies [Read Circular]

Regarding the imposition of Goods and Services Tax (GST) on the provision of electricity by real estate firms, shopping malls, airport operators, and similar entities to their tenants or occupants,...

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