Dairy Body Says High GST on Ghee Hurting Farmers, Boosting Unorganised Sector
The Indian dairy industry is urging the government to reduce the GST on ghee from 12% to 5%, arguing that the high tax is hurting...
Tag : GST
Karnataka GST Dept Uses UPI Data to Nab 13,000 Evaders; Vendors Avoid Digital Payments
Using digital payment data as evidence, the Karnataka State Commercial Taxes Department has issued show-cause notices to nearly 13,000 small businesses and street vendors. This...
India May Cut GST on Handicrafts, Maintain Apple Imports to Curb Prices
Commerce and Industry Minister Piyush Goyal stated that the government is considering a request to reduce the GST on handicrafts from 12% to 5%. This...
What Is Value Added Tax in India
Ever wondered why a product’s price rises from manufacturer to retailer? That’s where Value Added Tax (VAT) comes in! A key part of India’s tax...
GST Collection Increases 7.3% to Rs 1.77 Lakh Crore in December
India’s GST collection grew 7.3% year-over-year in December, reaching Rs 1.77 lakh crore, up from Rs 1.65 lakh crore in December last year. December’s GST...
Supreme Court Rules Coconut Oil as Edible Oil for Tax Purposes
The Supreme Court has ruled that coconut oil is classified as edible oil for tax purposes, resolving a 15-year debate and benefiting FMCG players like...
LIC Shares Surge 5% on Filing Appeal with GST Appellate Authority
Shares of Life Insurance Corporation of India (LIC) surged 5% on 29 November after the company announced filing for an appeal with the Goods and...
GST GoM to Meet to Discuss Rates for Food, Textiles, Footwear
The Group of Ministers (GoM) responsible for streamlining the structure of the goods and services tax (GST) will convene on 20 October to discuss ideas...
Differentiate Direct Tax & Indirect Tax in India with Example and List
Introduction People residing in a country have to necessarily pay the taxes to the government of that country. Taxes come in different forms. Whether you...
Jet Fuel Prices Dropped for the Second Consecutive Month in October
On October 1, oil companies lowered the prices of aviation turbine fuel (ATF) for the second month, cutting them by almost Rs 6,000 per kilolitre....