May 15, 2025

GST and customs duty are two integral components of India’s tax system that impact businesses engaged in international trade. Understanding how these taxes interact and calculating them accurately is crucial for compliance and cost management. Customs Duty on Imports When goods are imported into India, they are subject to customs duty. This duty is levied by […]

HSN Code 6303 refers to “Curtains, incl. drapes, and interior blinds; curtain or bed valances of all types of textile materials (excluding awnings and sunblinds).” This classification code is essential for identifying textile products related to window and bed coverings for import/export purposes based on their nature, composition, and intended use. Common products under HSN Code 6303

Goods and Service Tax on services follows a structured 4-tier rate system, with tax rates set at 5%, 12%, 18%, and 28%. Each tier offers distinct advantages and disadvantages for consumers, impacting the overall cost of services. While most GST on services fall under these GST slabs, essential sectors such as healthcare and education are exempt

Construction is an intricate process that encompasses planning, design, and financing and continues until the structure is ready for occupancy. Large-scale construction, in particular, involves extensive multitasking and coordination among various teams and activities. Navigating the complexities of Goods and Services Tax (GST) poses a significant challenge for developers, contractors, and property owners alike. Since

GST rate for goods and services is fixed by the GST Council. From time to time, the GST Council changes GST rates based on the recommendations from the members of the Council. With GST tax collection exceeding the projections, the Government is actively considering reductions in GST rates. What is the GST on Laptops? The