goods and services tax

MUMBAI: The GST-Authority for Advance Rulings (AAR), in two separate cases, has held that hostel rent paid by inhabitants does not qualify for exemption from goods and services tax (GST), as it is not a 'residential dwelling'. Further, it…

The 15th Finance Commission has recommended that States be given 41% of the divisible tax pool of the Centre. File. | Photo Credit: Reuters The Centre has devolved over ₹3.09 lakh crore to States till July of the ₹10.21 lakh crore budgeted…

Nirmala Sitharaman. File | Photo Credit: Reuters The northeastern States have scripted a success story in the collection and devolution of the Goods and Services Tax (GST), Union Minister for Finance and Corporate Affairs Nirmala…

The 50th GST Council Meeting decided this in view of the increasing addiction of online gaming and gambling, especially among children. (Representational image: News18)As of now, most gaming companies are paying an applicable 18% GST on…

High GST will make it more difficult for gaming companies to raise capital and invest in new games and technologies. This could impact the industry’s pace and make it less competitive in the global market. (Shutterstock)Passing the costs to…

India's decision to impose a 28% tax on funds that online gaming companies collect from their customers, will not need further consultation and an early review is unlikely, the country's revenue secretary told local television channels on…

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All kinds of multi-utility vehicles (MUVs) with length exceeding 4 metres, engine capacity of over 1,500cc, and more than 170mm ground clearance will become costlier, the 50th Goods and Services Tax Council decided on Tuesday, while…

With the all-powerful GST Council agreeing to a slew of proposals at its 50th meeting on Tuesday, some items and services are set to be costlier while others to get cheaper. While the Council agreed to exempt cancer-related drugs,…

GST council is yet to decide on the recommendations by a committee on July 11.The Council also suggested that the provision should step in if the difference is more than 20% and more than Rs 25 lakh. The Goods and Services Tax (GST)…