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goods and services tax

Key Announcements from GST Council Meeting Regarding Online Gaming: Implementation of 28% GST

by Ev Richard
Key Announcements from GST Council Meeting Regarding Online Gaming: Implementation of 28% GST

The decision to impose a 28% tax on online games, horse trading, and casinos stays. This was announced by the finance minister Nirmala Sitharaman at the GST Council’s meeting on …

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Categories Technology

AAR Determines 12% GST for Hostel Accommodation, GST Exemption No Longer Applicable

by Craig Fedirighi
AAR Determines 12% GST for Hostel Accommodation, GST Exemption No Longer Applicable

Students will have to shell out more for hostel accommodation as a 12 per cent GST would be applicable on the rent paid, the Authority of Advance Ruling said in …

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Categories Business

AAR decides that Hostel rent should be subject to 12% GST tax

by Craig Fedirighi
AAR decides that Hostel rent should be subject to 12% GST tax

MUMBAI: The GST-Authority for Advance Rulings (AAR), in two separate cases, has held that hostel rent paid by inhabitants does not qualify for exemption from goods and services tax (GST), …

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Categories Business

States Receive Rs 3.09 Lakh Cr Devolution from Centre Until July

by Craig Fedirighi
States Receive Rs 3.09 Lakh Cr Devolution from Centre Until July

The Centre has devolved over Rs 3.09 lakh crore to states till July of the Rs 10.21 lakh crore budgeted to be transferred in the current fiscal, Minister of State …

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Categories Business

Electric car charging costs in Karnataka increase: Will other states follow suit?

by Adesola Mojo
Electric car charging costs in Karnataka increase: Will other states follow suit?

The adoption of electric vehicles in India is facing several obstacles, one of which is the lack of a sufficient charging infrastructure. In an additional development that promotes the purchase …

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Categories Automobile

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