All about gst latest news in India
Introduction On January 7, 2025, a significant update was announced for taxpayers under the Goods and Services Tax (GST) regime. This update pertains to Notification No. 22/2024 – CT, issued on October 8, 2024, which provides relief to registered persons facing demands for the wrongful availment of Input Tax Credit (ITC) under specific circumstances. The […]
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ITC 04, or Input Tax Credit 04, is an essential form under the Goods and Services Tax (GST) system in India. It is specifically designed to track the movement of goods sent for job work and ensure proper accountability. In this blog, we will explore the details of ITC 04, its importance, filing requirements, due […]
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In recent developments, the Goods and Services Tax (GST) department in India has started monitoring small vendors, including street food sellers like pani puri vendors, who make annual transactions exceeding ₹40 lakhs. This tracking is primarily facilitated through digital payment platforms like UPI (Unified Payments Interface). When vendors cross the specified transaction limit, the department […]
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Purchasing and maintaining a car in India involves several layers of direct and indirect taxes, significantly increasing the overall cost of ownership. In this post, we’ll break down the taxes borne by a car owner for both traditional and electric vehicles (EVs), assuming the cost of a traditional car is ₹700,000 and an electric vehicle […]
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The Goods and Services Tax (GST) on education-related services in India is a topic of significant interest for educational institutions, students, and parents. This blog post will explore the GST rates, HSN codes, and specific scenarios related to education services, including private school fees and exemptions for educational institutions. GST Rates and HSN Codes for […]
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