The Ministry of Finance on Wednesday issued a Gazette notification revising the Goods and Services Tax (GST) rate framework under the Central Goods and Services Tax Act, 2017. The new rate schedule ...

GST (Goods and Service Tax), a revolutionary step by the Government of India, which has changed the entire tax structure of the country. The new tax regime was implemented from July 1, 2017, and has ...

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SAC or Services Accounting Codes are unique codes offered by CBEC (Central Board of Excise and Customs), which is used for classification of categories of services under Goods and Services Tax (GST).

Classification of food products and their taxation have always thrown up interesting discussions in indirect taxes. Service tax laws had concepts such as indoor and outdoor catering and a wholesome ...

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ministry ...

Vivek Johri has indicated that any potential changes to Goods and Services Tax (GST) rates will require careful consideration and may need to be implemented gradually. The chairman of the Central ...