Advocate Shruti Goyal

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 […]

Goods and Services Tax (GST), biggest tax reform since Independence has been finally implemented across the country from 1st July. On one hand, Government has exempted education sector till higher secondary in the new regime while on another hand coaching classes, certification courses, training programs have been placed in the slab rate of 18 percent. 

The GST Council fixed the GST on Textiles and Textile Products, Apparel, and Clothing after the implementation of GST. The Council fixed the GST rates at 0%, 5%, 12%, 18% and 28% in India for both goods and services.  On 3rd June 2017, the GST rate for textile products including apparel, clothing, cotton products, and

The Goods and Services Tax (GST) is a consumption-based tax that has been applied to a wide range of goods and services, including entertainment services such as movie ticket bookings. This tax has replaced the previous entertainment tax, simplifying the overall tax structure in the country. Under the GST regime, movie tickets are subject to

GST (Goods and Services Tax) is a single tax levied on the supply of goods and services in India. While the contributions or payouts in chit funds are not directly taxed under GST, there are parts of the service that are. The key area where GST comes into play is the commission or service fees

Businesses use many capital goods for their operations. It is to be noted that tax paid on these capital goods can be availed as input tax credit.The word capital goods has been clarified in GST law. Capital goods refer to the goods, whose value is capitalized in the books of account of the person who is

The word motor vehicle or renting of a motor vehicle is not defined under GST law. But as per Motor Vehicles Act, 1988, a motor vehicle means “any mechanically propelled vehicle used on roads but does not include a vehicle running on fixed rails or a special vehicle used in a factory or an enclosed premises

GST applies to under-construction properties awaiting a completion certificate or ready for occupancy. Just like buyers, GST benefits developers as well. Before GST, developers were bogged down by a series of taxes–VATs, central excise, entry tax GST on Residential Property Purchase GST is applicable only to under-construction or new homes, not to ready-to-move-in properties or

The GST Council introduced GST on transport services to create a uniform tax rate structure. After implementing GST, the GST Council in India shall decide the GST rates for services and goods. The GST Council consists of members from the Central Government and members of the State Government. The GST Council conducted multiple meetings in

An agent is defined under the GST law as a person who carries on the business of supply of goods or services on behalf of another person (principal). An agent includes a broker, commission agent, factor, auctioneer, or a mercantile agent. He carries out activities under the principal-agent relationship.he general GST rate on commission and brokerage services