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Search results for: GST impact

Reverse GST Exemption on Science Equipment

Institutes Want Rollback GST Exemption on Science Equipment

There are much more things that have been made by scientists and from their work, particularly regarding the covid pandemic condition. However various scientists are being thought about the future of their research post to the announcement of the government for the amendment in the GST rate of 5% on the technical testing equipment related […]

18% GST Rate for Crematorium Construction

Govt: 18% GST on Works Contract for Crematorium Construction Not Services

The government stated that there is no Goods and Services Tax (GST) on the funeral, burial, crematorium, or mortuary services. The press Information Bureau (PIB) articulated that the social media post which claims to affect there would be the GST on these services was guiding negatively.  But, for the works contract or the issued contracts […]

18% GST Slab Rate on Residential Rental

New GST Rule Mandates 18% GST Slab Rate on Unsettle Rentals

In the coming time, you need to pay the GST on the unsettling rentals. From July 18 2022 an 18% GST would be levied on the residential rentals all over the country made by the Finance Ministry’s revenue department. From the notification introduced a residential dwelling rented to the enrolled person beneath GST will draw […]

Andhra Pradesh GST AAR's Order for M/s Universal Print Systems

AP AAR: No GST Applicable on Pre & Post Exam-Related Expenses

In an order passed by the Andhra Pradesh Authority for Advance Ruling (AAR), it has been clarified that there should be no levy of goods and services tax on the printing of pre and post-examination items, as well as the scanning and processing of exam results are free of tax. The ruling was passed in […]

Withdrawal GST Exemption on Bio-Medical Waste

CBMWTF: Council to Revoke GST Exemption on Bio-Medical Waste

There will soon be a rise in the bill of the patient, with the GST council deciding to impose a 12% GST upon the service of collection of biomedical waste through these hospitals. The same tax load would be passed on to the patients by the hospitals. GST council will withdraw the exemptions on the […]

Revised GST Rate List on Household Items W.E.F. 18th July

Are Essential Items Cheaper or Costlier? Revision GST Rate List Here

There are higher chances that much amount than before will get out from your pocket to buy certain items from the next Monday (18th July 2022) since the GST upon them would soon set to rise. The government would revamp the GST on the goods and services complying with the 47th GST official meet held […]

Current GST Issues for the Realty Sector

Realty Sector Current Tax Issues: GST on TDR, FSI and ITC

In times of pandemic, the realty sector has suffered the most and the sales of the relevant sector have also been affected. Also, several GST issues have been faced by the real estate sector in India. These issues are stopping better compliance communication with the new indirect taxation system. Below is the list of all […]

FICCI: Rethink 5% GST on Hospital Rooms

FICCI: Center to Rethink GST Rate on Hospital Rooms & Bio-medical Plants

There is distress in the sector and among the people in the medical sector because if the room rent of the hospital excluding ICU would surpass a limit of Rs 5000 per day then a 5% GST would be levied on it, says the GST council. While a 12% levy would be imposed on the […]

Central Government Decision on GST Slab

Central GOI Willing To Rationalize GST Tax Slabs

The three GST rates include 5, 12, and 18 percent would be directed to get integrated by the Union government, revenue secretary Tarun Bajaj specified. The union seeks to assess the possibility of a single GST rate. Addressing the Assocham meeting specified that the rate of rationalization practice of the GST official would direct the […]

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