The Ministry of Finance on Wednesday issued a Gazette notification revising the Goods and Services Tax (GST) rate framework under the Central Goods and Services Tax Act, 2017. The new rate schedule ...

GST (Goods and Service Tax), a revolutionary step by the Government of India, which has changed the entire tax structure of the country. The new tax regime was implemented from July 1, 2017, and has ...

India introduces GST 2.0 effective Sept 22, 2025, simplifying tax slabs to 5%, 18%, and 40%, merging cess, revising exemptions, and updating rates for goods, services, and renewable energy ...

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SAC or Services Accounting Codes are unique codes offered by CBEC (Central Board of Excise and Customs), which is used for classification of categories of services under Goods and Services Tax (GST).

Disputes arise over GST classification of spent catalysts and e-way bill rules. Learn how enforcement actions are impacting industry ...

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ministry ...

Classification of food products and their taxation have always thrown up interesting discussions in indirect taxes. Service tax laws had concepts such as indoor and outdoor catering and a wholesome ...

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 ...