Goods & Service Tax

GST rate for all goods and services in India is decided by the GST Council based on HSN code. GST is levied in five rates, namely NIL, 5%, 12%, 18% and 28%. The HSN code for copper and copper products fall under chapter 74 of the HSN code. Utensils made of copper and table or kitchen or other […]

The E-way bill, also known as an electronic waybill, is a paper required under the GST regime before transporting or shipping goods worth more than INR 50,000 within states. The courier or the person in charge of the conveyance must have a physical copy of the e-way bill, which would contain details such as merchandise,

Goods and Services Tax (GST) is the indirect tax that has replaced various other indirect taxes imposed on several food items and restaurant services in India. The Parliament of India passed the Goods and Service Tax Act on 29 March 2017, which was brought into effect on 1 July 2017. In India, the Goods and Services

Cold storage refers to a facility that maintains controlled temperatures to preserve perishable goods like fruits, vegetables, dairy products, pharmaceuticals, and other temperature-sensitive items. In India, the Goods and Services Tax (GST) has specific provisions for services related to cold storage, GST on Leased Premises for Cold Storage The Ruling Authority has imposed a GST

Mobile phones and mobile accessories fall under Goods and Services Tax (GST) in India. Currently, the GST rate on mobiles is 12% (irrespective of whether it is a smartphone or a feature phone). The rate of GST on mobile electronic accessories is 18%. Before the inception of Goods and Sales Tax (GST) in India, Value

Goods and Services Tax (GST) is the value-added tax levied on almost all goods sold for domestic consumption and services we use within the country. It is a single tax structure removing all the previous central and state taxes. GST is actually paid by the customers who avail the service or the goods they buy, but

India’s taxation system has evolved over the years. The latest significant development in this sphere is the Goods and Services Tax (GST). A crucial component of GST is the Input Tax Credit (ITC), which is designed to allow effortless credit flow.  What is Input Tax Credit (ITC) under GST The amount of GST paid by

Filing GST returns is a cornerstone of tax compliance for businesses in India, but navigating its complexities can be daunting. With over 12.4 million GST-registered businesses in 2025, standing out in search results for “GST return” requires a blend of technical accuracy, user-centric content, and cutting-edge SEO strategies. This guide consolidates actionable insights, regulatory updates, and expert

Reverse charge mechanism (RCM) under GST refers to the situation where the liability to pay tax for the supply of goods or services shifts from the supplier to the recipient, particularly in specific cases involving purchases from unregistered dealers. This mechanism aims to broaden tax collection, especially in unorganised sectors, and covers certain services imports.

Travel expense is an unavoidable element of conducting business in today’s globalized world. Employees frequently travel to different places to attend meetings, conferences, training sessions, or fulfill various professional duties. These costs typically include transportation, lodging, meals, and other incidental expenses. Employers usually establish reimbursement policies to offset these costs and allow employees to recover