Tag results for: goods and service tax
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...
Tax relief will end! old taxation system may be abolished in this budget
This budget may come as a great surprise to taxpayers. There are just a few days left for the budget (Budget 2023). The old structure may be eliminated by...
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...
Other than income up to Rs 2.5 lakh, you are not required to pay taxes!!
For those who pay income taxes, there is some crucial news. For all classes beginning with the middle class, income tax is crucial. Nirmala Sitharaman, the finance minister, has...