Use of Data Analytics, Big Data and AI/ML in Tax Administration
Discover how the Ministry of Finance is using data analytics, big data, and AI/ML to make tax administration more efficient and business-friendly.
Category: GST
GST Council Clarifies Nil & 5% GST Rate on Unpackaged/Pre-Packaged Rab
GST Council clarifies 5% GST rate on pre-packaged and labelled Rab, Nil GST on unpackaged Rab sold loose. Past transactions also regularized.
No Restriction on GST Registration for Professionals Working from Home
Discover if home-based professionals like management consultants, CAs and architects can get GST registration. Get clarity from the Minister of State for Finance.
GST Refund to Foreign Tourists: Govt working on Rules & Procedures
Foreign tourists may soon be able to get GST refunds in respect of their shopping of goods and services in India, as the government is working on procedures and …
Tobacco/ Pan Masala: GST Compensation Cess Rates Now RSP Based
Learn about the changes to the new RSP based GST compensation cess rates on pan masala and tobacco products, effective April 1, 2023.
CBIC Reduces Tax Rates for Pencil Sharpeners and Pre-Packaged Rab
The CBIC has lowered the tax rates for pencil sharpeners and pre-packaged and labelled Rab from 18% to 12% and 5%, respectively, effective March 1, 2023.
CBIC Extends GST Dispensation to Courts and Tribunals: RCM on Commercial Services
CBIC has amended its notifications to apply GST dispensation under RCM to courts and tribunals in India for commercial services like renting premises to telecommunication companies and renting chambers …
CBIC notifies ‘Nil’ GST rate for Rab (other than packaged or labelled)
The Central Board of Indirect Taxes and Customs (CBIC) has announced a reduction in the Goods and Services Tax (GST) rate for “Rab” sold without packaging and labelling from …
CBIC Exempts Government Bodies from GST for Conducting Entrance Exams for Educational Institutions
CBIC has exempted government bodies, including the National Testing Agency, from GST for conducting entrance examinations for educational institutions, effective March 1, 2023.
GST Council Updates: 49th Meeting Recommendations
In its 49th meeting, the GST Council made recommendations on GST compensation, the GST Appellate Tribunal, the approval of the GoM Report on Capacity Based Taxation and Special Composition …