Advocate Shruti Goyal

GST is levied under five rates in India, namely NIL, 5%, 12%, 18% and 28%. As per the GST rates decided by the GST Council meeting held on 18th May 2017, fruits fall NIL, 5% and 12% categories only. HSN Codes Products Description Rates (%) Export and Import HSN Codes 08 Dried makhana, whether or […]

GST (Goods and Services Tax) is a tax charged on the sale of goods and services in India. Agarbatti, also known as incense sticks, is commonly used in Indian homes for religious and aromatic purposes. Under GST, agarbatti is taxed, but at a lower rate because it is a commonly used household item. Agarbatti, also

Legal consultancy fees are a crucial component of legal services, and understanding the GST implications on such fees is vital. Goods and Service Tax applies to legal services and legal service advocates. As per the GST Act, legal services offered by advocates, including senior advocates, are categorised as service supplies and are subject to GST.

Advertisement services are broadly classified under the “supply of services” category. The nature of the advertisement—whether it is published in print media, broadcast on television, aired on radio, or posted on digital platforms—determines the applicable GST rate and classification under HSN codes. Under GST, advertisement services are generally categorized as: Sale of advertising space or

Advances refer to amounts received before the goods or service have been supplied. The time of supply rules determine when a taxpayer is required to discharge tax on a particular supply. The time of supply provisions are governed by Sections 12 to 14 of the Central Goods and Services Tax (CGST) Act, 2017.  Understanding Advance

An advance payment is money you receive from a customer before delivering goods or providing services. Under GST, the tax treatment of this advance depends on whether it’s for goods or services. GST on advance payments applies when an individual makes a payment ahead for the said goods and service and before receiving the receipt

GST on air conditioners is levied at 28%, being the highest tax slab under GST. On the implementation of GST, the tax rates were reduced for most electronic goods except air conditioners and large screen TVs, Under the GST regime in India, air conditioners, whether split or window units are subject to a 28% GST

The GST Act defines the import of goods as bringing goods into India from abroad. Accordingly, the GST Act considers all imports into India as inter-state attracting IGST. In addition to the IGST, the import would also be subject to Customs Duties. Thus, when goods are imported into India, IGST would be applied to the

Businesses engaging in taxable transactions of goods and services, exceeding a turnover of Rs. 20 lakh or Rs. 10 lakh in specific states, are obligated to undergo GST registration as regular taxable entities. This requirement extends to independent e-commerce vendors and those with product listings on platforms such as Amazon.in, excluding items falling under the

Every car and two-wheeler owner needs to spend on a few recurring expenses, regardless of how often they use their vehicles. Motor vehicle insurance is one of them. In recent years, premiums for motor vehicle insurance have gone up. Many attribute this increase to higher GST rates. There also needs to be more clarity about the