Tag: GST Rates

Find the updated GST rates for 2025. Learn about tax slabs, exemptions, and rates for various goods and services.

ac gst rate 2025

AC GST Rate 2025: Latest Tax Slab & Price Impact Explained

Jayendra Gaonkar, GST Practitioner & Tax ConsultantLeave a Comment on AC GST Rate 2025: Latest Tax Slab & Price Impact Explained

If you’re planning to buy a new air conditioner (AC) in 2025, it’s essential to understand the GST rate on ACs and how it affects your purchase cost. As of 2025, the Goods and Services Tax (GST) rate on air conditioners is 28%. This is the highest GST slab, and it applies to both split […]

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GST on Coinsurance and Reinsurance

GST on Co-insurance and Reinsurance: Key Circular 244/01/2025

Jayendra Gaonkar, GST Practitioner & Tax ConsultantLeave a Comment on GST on Co-insurance and Reinsurance: Key Circular 244/01/2025

The Ministry of Finance, through its Tax Research Unit, has issued Circular No. 244/01/2025-GST, dated January 28, 2025. This circular provides crucial clarifications regarding the payment of GST on co-insurance premiums and reinsurance commissions. Let’s delve into the key points and implications of this circular. Key Highlights of the Circular HSN Code for List of […]

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composition scheme for restaurant

How Small Businesses Can Benefit from the GST Composition Scheme

Jayendra Gaonkar, GST Practitioner & Tax ConsultantLeave a Comment on How Small Businesses Can Benefit from the GST Composition Scheme

The Goods and Services Tax (GST) has been a game-changer for businesses in India, simplifying the indirect tax structure and promoting compliance. Among its features, the Composition Scheme stands out as a beneficial option for small businesses, including restaurants and small traders, to ease their tax compliance burden. But how exactly does the Composition Scheme […]

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