New HSN guidebook links every product code to a ministry, aims to sharpen trade talks and cut red tape. Union Commerce and Industry Minister Piyush Goyal has released a Guidebook on Mapping of ...

https://www.thehindubusinessline.com/news/govt-maps-12167-hsn-codes-to-ministries-for-promoting-ease-of-doing-business/article70076847.ece Copy The government has ...

Legal basis: Paragraph beginning with “G.S.R. 641(E)… hereby notifies the rate of central tax of—(i) 2.5 per cent… (vii) 14 per cent.” Confirm the tariff item, sub-heading, heading, or chapter ...

The task of winding up multiple myriad taxes that used to operate before 2014 and shifting to a cleaner, more efficient system was such that testing out the new system, categorizing the goods and ...

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in ...

The Goods and Services Tax (GST) has streamlined India’s indirect tax regime by creating a unified structure for various goods and services. Labour charges, a significant component in many industries, ...

The core issue being argued is whether online games, such as rummy and fantasy sports, are "games of skill" or "games of chance" The Central government has begun presenting rejoinders to the arguments ...

The Centre plans to reduce GST for middle and lower-income households Consideration is being given to eliminating the 12 per cent GST slab entirely Items like toothpaste and bicycles may be ...

Recent communications from GSTN and CBIC have shed light on important aspects of HSN (Harmonized System of Nomenclature) code reporting in Table 12 of GSTR-1, particularly concerning B2B ...

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is categorised into different slabs like 5%, 12%, 18%, and 28%. Knowing GST rates ...