May 7, 2025

Telecom services were levied a service tax of 14% along with a Swachh Bharat cess of 0.5% and a Krishi Kalyan cess of 0.5%, totalling 15%. However, with the GST regime going live on 1st July 2017, telecommunication services, including broadband services, were classified into a higher tax slab. As a result, the GST rate for broadband services now […]

GST rate for all goods and services was notified by the GST Council in June 2017. To create a standardized tax across India after the implementation of GST, the Ministry of Finance mapped the GST rate to the HSN code. GST is levied under five tax rates, namely 0%, 5%, 12%, 18% and 28%. HSN Code & GST Rate

Goods and Services Tax (GST) is an indirect tax. It is imposed on the supply of goods and services across the country. It has brought uniformity in the indirect tax hierarchy by replacing all the indirect taxes that existed in the pre-GST regime. GST on Banquet Hall and Catering Services India, hotels, and large Banquet

Banks requires the account holders to maintain a certain minimum average balance in their savings or current account during a month. This threshold is known as Average Monthly Balance. If the customer is unable to maintain the required minimum balance, banks charge AMB charges incl GST from the account holders. However, is it important to