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Tag: GST Rules

Next-Gen GST Reforms: Full List of New GST Cuts Revealed

Next-Gen GST Reforms: Full List of New GST Cuts Revealed

Next-Gen GST Reforms: Following Prime Minister Narendra Modi’s pledge of a “big Diwali gift” in the shape of “substantial” tax cuts, the GST Council recently wrapped up its 56th meeting by agreeing on several tax cuts for the general people. The government estimated that Rs 48,000 crore would be spent on the “next-gen” GST reforms. […]

GST Cut on Cancer Medicines: A Big Relief for Patients, Says IMA

GST Cut on Cancer Medicines: A Big Relief for Patients, Says IMA

Opposing GST exorbitant rates on cancer drugs and other life-saving treatments, the Indian Medical Association (IMA) welcomed the relief. The note of relief happened due to the slashing of GST on cancer treatment drugs by the GST Council. The reduction is a significant, upfront measure in reducing the financial impact of the treatment on the […]

New GST Rates To Be Implemented By September 22? Deets Inside

New GST Rates To Be Implemented By September 22? Deets Inside

The Indian government gears up for a seismic shift in Goods and Services Tax (GST) structure by simplifying its four-string tax system into just two slabs of 5% and 18%. The glamorous and sin goods attract a special rate of 40%. The Prime Minister announced India’s GST II formation on Independence Day and was expected […]

Double Diwali Gift: Modi Promises GST Rate Cuts for Common Man, MSMEs

Double Diwali Gift: Modi Promises GST Rate Cuts for Common Man, MSMEs

Big Diwali Bonanza: GST Reforms Are Coming Prime Minister Narendra Modi has promised a major tax relief (GST) for the common man and small businesses by Diwali. Speaking from the Red Fort on Independence Day, Modi said the government is rolling out next-generation GST reforms aimed at simplifying the tax system and reducing the burden […]

ITR Filing 2025: Essential Tax And GST Guidelines For Freelancers

ITR Filing 2025: Essential Tax And GST Guidelines For Freelancers

Freelancing is on the rise in India. More people are choosing to work for themselves rather than engage in traditional employment. However, most new freelancers do not understand taxes; this can lead to penalties, interest, or even prosecution.   Understand Your Tax Obligations Salaried employees have their payroll taxes withheld from their salary by the […]

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