Finance Ppl: INDIRECT-TAX



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Showing posts with label INDIRECT-TAX. Show all posts
Showing posts with label INDIRECT-TAX. Show all posts

Concept Basics - Category of Goods

Following are the Category of Goods under GSTs two slab structure. They are 1) Merit rate items 2) Standard goods and services. ...
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Compliance Basics - Registration

Registration Applicability: With respect to GST law, the requirement is that: any business who aggregate annual turnover exceeds the p...
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How GST works!

Assuming the Product sale chain is as follows: from manufacturer → to wholesaler → to retailer → to consumer. Product Manufa...
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56th GST council meeting announcements (apart from rate revision)

Simplified GST Registration Applicable to whom: Businesses with monthly tax liabilities under ₹2.5 lakh. Effective Date: Novembe...
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Revised GST Rate slabs introduced in September 2025

The GST Council has announced revisions in GST tax slab, which shall come into effect wef 22nd September 2025. Before revision : Prese...
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Customs: Voluntarily revision of entries post clearance-Sec 18A

Why is this in news? Insertion of new section 18A in Customs Act, as introduced by the Finance Act, 2025 in Budget 2025 What is t...
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Dabur Hajmola faces GST notice

Whats the news? Dabur Hajmola faces GST show cause notice over the dispute on whether the product is candy or ayurvedic medicine. Wh...
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Automation of ad-hoc Input Output Norms Fixation

Amendment In exercise of powers conferred in Para 1.03 and 2.04 of Foreign Trade Policy 2023, DGFT announced on 20th Jun 2024, the imp...
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Disbursal of duty drawback directly to exporter’s bank accounts

CBIC has brought a change in the method of duty back disbursement, where there will be electronic disbursement of duty drawback amount d...
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Government seeks stakeholder's suggestions on Draft Central Excise Bill 2024

Central Board of Indirect Taxes & Customs, invites suggestions on draft Central Excise Bill, 2024 from stakeholders. Last date for subm...
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No GST on house rented to proprietor for residential purpose: Wef 1st jan 2023

Wef Jan 01 2023, GST would be not be payable where residential property is rented to a proprietor of registered proprietorship business c...
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