Learn about the GST rate changes on passenger bus services and motor vehicle rentals, effective from September 22, 2025. Understand the new dual-rate structure.
CESTAT Delhi held that duty to be levied on CIF value and cost of freight for transport via air to be restricted to 20% of Free on Board [FOB] value of the goods. Hence, demand of differential duty sustained.
GST Council has revised the GST rates for various goods within the textile sector in its 56th GST Council Meeting. A wide range of textile products, including sewing threads, synthetic yarns, felt, nonwovens, carpets, and technical textiles, have seen their tax rate reduced from 12% to 5%. Additionally, certain synthetic and artificial staple fibers and […]
The GST Council has recommended tax rate cuts for the health sector. Specific drugs, medical devices, and surgical goods will see reduced GST rates.
Learn how recent GST reforms, including rate and slab reductions, are influencing India’s economy. This summary explains the system’s evolution and its effects on businesses and consumers.
ITAT Lucknow held that deduction under section 80IB and section 80HHC of the Income Tax Act is simultaneously allowable from the net profit. Accordingly, addition is directed to be deleted and appeal is allowed.
Learn how GST works in India. This guide explains the tax journey from manufacturer to consumer, showing how Input Tax Credit prevents a “tax on tax” system.
Find out who pays GST in Indian e-commerce: the seller, the buyer, or the platform? Learn about GST rules, including ECO liability, TCS, and buyer’s role.
Learn why a consolidated satisfaction note for multiple assessment years is legally invalid under Section 153C of the Income Tax Act, based on recent court rulings.
The Allahabad High Court disposed of multiple petitions from an individual challenging summoning orders in cheque bounce cases under the Negotiable Instruments Act.
