Impact Of GST On Rent Of The Residential And Commercial Property
If you are renting out a residential property for residential purposes, it is not subject to Goods and Services Tax (GST). However, any other type of lease or rental of an immovable property for conducting business would be subject to …
Impact of GST Rate on Domestic Appliances and Electrical Machinery
In today’s day and age, electronic appliances have become a necessity for every household, including refrigerators, washing machines, vacuum cleaners, and chimneys. The impact of GST rates on these appliances has been a topic of discussion. Additionally, the rates declared …
GST on Food and Restaurants – Rules & Rates on Food
This article presents an impact analysis of GST on the restaurant and food industry, a vital sector of the Indian economy that caters to our palates. It delves into the intricacies of GST on food items and restaurants and sheds …
Impact Of GST On Export Of Goods And Services
The current Indian government has set a target of enhancing the output and quality of exports through the “Make in India” initiative, which includes providing tax benefits to exporters. However, there is still a sense of uncertainty among exporters regarding …
GST on Gold – Effects of Gold GST Rate in India 2023
In this article, we’ll be delving into the taxation of gold in different forms under the Goods and Services Tax (GST). The introduction of GST brought a major change in the Indian taxation system as it subsumed several indirect taxes …
Examining the Impact of GST on the Pharma Industry
The Goods and Services Tax (GST) has had a significant impact on the Indian economy, and the pharmaceutical industry is no exception. The implementation of GST has brought about several changes in the way pharmaceutical companies operate, from supply chain …
How GST is impacting Indian economy
GST, India’s biggest tax reform based on the concept of “one country, one market, one tax”, has finally come into effect. The moment the Indian government has been waiting for 10 years has finally arrived. The single largest indirect tax …
How GST affects air fares
The Goods and Services Tax (GST) is a value-added tax that was introduced in India in July 2017. The impact of GST on airfares in India has been mixed. Before GST was implemented, air travel was subject to airfares taxes, …
Effects of GST on entertainment industry
The entertainment industry has an important role to play in the Indian economy. The industry contributes a major portion to the Indian GDP. Entertainment tax which is sometimes addressed as “amusement tax” is a tax applicable on any form of …
Impact of GST on Imports in India
Under the umbrella of GST regime, the import of goods and products will not be affected by charges such as education cess, safeguard duty, basic customs duty, anti-dumping duty, and other charges. The Integrated Goods and Services Act, of 2017, …
How GST affects Shipping charges
The Goods and Services Tax (GST) is a comprehensive tax reform introduced in India in 2017, which replaced multiple indirect taxes such as excise duty, service tax, and value-added tax (VAT). When any goods are shipped to the buyer; the …
10 Leading cosmetic companies in India
The demand for cosmetics products in the Indian market is increasing. India is considered as one of the fastest-growing countries in the terms of color cosmetics. Due to the high demand for organic products, Indian companies are venturing into organic …
Top 10 Software IT Companies in Kochi
Kochi is popularly renowned as the Queen of the Arabian Sea and has a vast significant history of technology and software developments. The software IT companies in Kochi are renowned for their extravagant, methodical, and diverse services. Software companies define …
GST jurisdictions and GST State Code List
GST jurisdictions refer to the different levels of government that are responsible for administering and collecting the Goods and Services Tax (GST) in India. The GST system is administered by the GST Council, which is a constitutional body that consists …
GST Amnesty Scheme
Several GST (Goods and Services Tax) amnesty schemes have been launched by the Indian government to provide relief to taxpayers who have not complied with the GST laws. These schemes aim to reduce the compliance burden on taxpayers and encourage …
