Tag results for: goods & service tax
How much of the budget will go to the farmer’s bag, will the crops prosper?
The eyes of the entire nation are always on the overall budget. The people had high expectations from this budget, especially after the system was put back on course after...
Lower GST on handsets, simpler customs, more support for PLI in budget
Lower GST: After a dip of 5 percent in 2022, the number of smartphones sold in India is expected to increase by 10% year-on-year (YoY) for the year ahead,...
GST is not applicable for govt incentives given to banks to promote RuPay card
According to the finance ministry, the government will not apply GST to incentives given to banks for promoting RuPay debit cards and low-value BHIM-UPI transactions. A Rs 2,600 crore...
Why pencils and sharpeners are liable to a higher GST rate
Concerning the GST on pencils and sharpeners, a new update has been released. The Gujarat AAR has outlined the additional GST requirements for pencils and sharpeners. According to the...