Advocate Shruti Goyal

GST on air conditioners is levied at 28%, being the highest tax slab under GST. On the implementation of GST, the tax rates were reduced for most electronic goods except air conditioners and large screen TVs, Under the GST regime in India, air conditioners, whether split or window units are subject to a 28% GST […]

The GST Act defines the import of goods as bringing goods into India from abroad. Accordingly, the GST Act considers all imports into India as inter-state attracting IGST. In addition to the IGST, the import would also be subject to Customs Duties. Thus, when goods are imported into India, IGST would be applied to the

Businesses engaging in taxable transactions of goods and services, exceeding a turnover of Rs. 20 lakh or Rs. 10 lakh in specific states, are obligated to undergo GST registration as regular taxable entities. This requirement extends to independent e-commerce vendors and those with product listings on platforms such as Amazon.in, excluding items falling under the

Every car and two-wheeler owner needs to spend on a few recurring expenses, regardless of how often they use their vehicles. Motor vehicle insurance is one of them. In recent years, premiums for motor vehicle insurance have gone up. Many attribute this increase to higher GST rates. There also needs to be more clarity about the

The supplier of goods or services pays the tax on supply. Under the reverse charge mechanism, the recipient of goods or services becomes liable to pay the tax, i.e., the chargeability gets reversed. The objective of shifting the burden of GST payments to the recipient is to widen the scope of levy of tax on

The late fee, according to GST rules, is a sum paid for the late filing of GST returns. When a GST Registered company fails to file GST Returns by the prescribed due dates, a prescribed late fee will be paid on each day of error. The late fee must be charged in cash, and the

Washing machines are an essential home appliance, and understanding how Goods and Services Tax (GST) applies to them is crucial for both consumers and businesses. Whether you’re buying a new machine for your home or managing inventory as a seller or manufacturer, the applicable GST rate affects pricing, purchasing decisions, and overall cost planning. What Is the GST on

GST, or Goods & Services Tax, was introduced in India on the 1st of July, 2017, as a one-in-all indirect tax system. At the time of the launch, GST was divided into the following six tax slabs: Nil, 0%, 5%, 12%, 18%, and 28%.Automobile tyres mostly use natural rubber as inputs. However, applicable GST rates

Transportation is key to India’s economy, linking markets and boosting trade. GST on transport services has reshaped the tax structure, affecting costs and operations. GST rates differ by service type and are categorized under HSN codes, simplifying compliance for businesses.A Goods Transport Agency (GTA) plays a significant role in the logistics sector by providing transportation services for goods.

Solar power is a rapidly growing industry in India, with the government promoting the sustainable growth of innovative solar projects. However, the introduction of the Goods and Services Tax (GST) has impacted the sector, including the GST rates applicable to solar power-based devices and systems. Definition and scope of solar power based devices and system