Lower GST rates do not trigger ITC reversal under Section 18(4). Reversal is only required if supplies become exempt or you switch to the composition scheme.
Understand GST registration in India, from mandatory turnover thresholds to the filing process and penalties for non-compliance.
Explore revised GST rates on vehicles in India effective September 2025. Small cars see relief, while luxury hybrids face hikes; EVs remain at 5%.
The 53rd GST Council meeting introduced rate rationalizations, reduced TCS rates, and set appeal limits to streamline tax compliance.
Understand CGST, India’s tax on intrastate supplies. Learn about its rates, applicability, calculation, and how to claim input tax credit.
India’s GST unifies indirect taxation into a single market with Input Tax Credits. It simplifies compliance and boosts transparency through digital systems.
Understand TDS and TCS mechanisms under India’s GST framework. Learn key compliance rules for government bodies and e-commerce operators.
India’s GST now features a simplified two-tier structure. Read about the new standard and merit rates, exemptions, and key framework updates.
India abolished the compensation cess and set SUV GST rates at 18% and 40%, while EVs remain at 5%.
Master time, place, and value of supply rules under GST. Ensure accurate tax calculation and full compliance for your business.
The 52nd GST Council announced an amnesty scheme, revised rates for molasses and millet, and clarified rules for corporate guarantees.
India’s GST impacts businesses of all sizes. Learn about mandatory registration based on turnover thresholds and specific business activities.
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
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