Explains the shift from transaction value to MRP-based valuation under Rule 31D. Highlights how GST will now be calculated on printed retail ...

After the GST rates were changed on Wednesday, to come into effect on September 22, here are major questions being asked, and their answered as shared by officials: As per recommendations of the GST ...

While there are goods that are taxed at higher than 18%, the simplified GST rate structures have reduced the tax on a bulk of the eligible goods The new rates are likely to increase consumers’ ...

The inverted duty structure has become even more pronounced in light of the recent GST rate rationalisation, where most of ...

Recent tax policy reforms, including the restructuring of personal income tax and the rationalisation of the Goods and ...

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...