Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to 22 per cent, is levied on top of this rate, depending on the type of vehicle. A ...

The GST Council’s decision to streamline India’s indirect tax regime is expected to reduce disputes over the classification of goods and services, offering relief to both industry and consumers. The ...

The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalisation has begun reviewing the classification of food items under different tax slabs to address chronic ambiguities that ...

Two wheelers major Bajaj Auto was slapped with Rs 138 crore demand by Maharashtra GST for “differential tax liability”on auto ...

There is persistence of dual treatment within the 5 percent slab. Taxation experts have cautioned that the carve-outs offered in rates, along with classification anomalies and unresolved input tax ...

Whenever we buy something in Singapore, we see a 9% GST slapped on top of the price in the receipt. In most other countries, this is also known as the Value-Added Tax (VAT). This is a tax that affects ...