The government has stated that no Goods and Services Tax (GST) is required to be paid on penal charges on loans levied by RBI regulated entities like banks, NBFCs etc. The Central Board of Indirect ...

Since GST was introduced, renting residential dwellings for residing was exempt. In a significant development, the government withdrew the GST exemption on such rentals where the lessee is registered ...

The humble popcorn is in the eye of a storm with the recent clarification by the Goods and Services Council that different kinds of popcorns will attract different rates of tax. The move has not only ...

A statement issued by the GST Council after the meeting clarified that the decision regularises issues from the past on an "as is where is" basis Congress veteran and Rajya Sabha MP Jairam Ramesh on ...

There are no plans to impose Goods and Services Tax (GST) on salaries paid to CEOs or employees, the Central Board of Indirect Taxes & Customs (CBIC) clarified on Friday. The CBIC clarification comes ...

NEW DELHI: Real estate developers and RWAs will be liable to pay 18 per cent GST on electricity bills if they charge from flat owners more than the power tariff prescribed by Discoms. As per the ...

Before July 18, 2022, services by way of renting residential property were exempted from GST. However, post July 18 there has been an amendment to the said exemption clause. As per the amendment now, ...

New Delhi, Apr 7 () GST officers have started seeking clarification from companies whose tax payments did not match with the e-way bills generated, as revenue authorities start matching supplies data ...