Indirect Tax

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Tariff Schedule Rate changes (without change in existing effective rate of duty) with effect from 1 May 2025

Submitted by yvonne on Sun, 02/02/2025 - 05:53

Read more about Tariff Schedule Rate changes (without change in existing effective rate of duty) with effect from 1 May 2025

Extension of Exemptions / Concessional rates for varying periods

Submitted by yvonne on Sun, 02/02/2025 - 05:48

Read more about Extension of Exemptions / Concessional rates for varying periods

Basic Customs Duty Rate Exemptions

Submitted by yvonne on Sun, 02/02/2025 - 05:45

Read more about Basic Customs Duty Rate Exemptions

Key takeaways from the 55th GST Council Meeting – 21 December 2024

Submitted by yvonne on Mon, 12/23/2024 - 22:27

Read more about Key takeaways from the 55th GST Council Meeting – 21 December 2024

The 55th GST Council Meeting, a highly anticipated event amidst widespread discussions on rate restructuring, carried significant expectations. Among the key reasons for its critical importance was the potential for policy and rate rationalization, promising far-reaching economic and social impacts while aiming to restore investor confidence and affirm opposition to retrospective levies.

Key GST Amendments and Clarifications Pursuant to the 54th GST Council Meeting

Submitted by yvonne on Tue, 10/01/2024 - 13:47

Read more about Key GST Amendments and Clarifications Pursuant to the 54th GST Council Meeting

The 54th GST Council meeting, chaired by Union Finance and Corporate Affairs Minister Nirmala Sitharaman, took place on 9 September 2024. In this meeting, the GST Council recommended several amendments in the GST statutes along with issuance of clarifications and trade facilitation measures aimed at resolving contentious issues across multiple sectors.