In a significant development, the Lok Sabha has given its nod to amendments in the Central and Integrated GST laws. These amendments mark a substantial shift as they introduce a 28 percent tax on the complete face value of wagers in domains like online gaming, casinos, and horse racing clubs.

Minister of State (MoS) for Science and Technology Jitendra Singh emphasized the pivotal role played by the private sector in India’s space economy highlighting that there are now 140 Indian space tech startups operating in India, which is a significant achievement due to the country’s liberalized space policies.

Among all the taxes that were levied by the government, the Goods and Services Tax (GST) has been the most popular and the one which created a lot of confusion

The government pays the acquiring banks an incentive as a percentage of the value of transactions up to 2000 under the incentive plan for the promotion of RuPay debit cards

The revenue for October is the second-highest monthly collection, next only to April 2022, and it is for the second time the gross GST collection has crossed Rs. 1.50 trillion

Only instruction or coaching in leisure activities related to the arts, culture, or sports will be eligible for a GST exemption claim from an individual. Customers will pay more as

The CBIC said the supply of pre-packed atta meant for retail sale to ultimate consumer of 25 Kg shall be liable to GST. However, supply of such a 30-kg pack

The panel has recommended that a 28% GST should be levied on casinos, online games and race courses without any regard for whether it is a game of skill or

The Centre has extended the due date for filing April GSTR-3B as taxpayers faced technical glitches on the GST portal. “The due date for filing FORM GSTR-3B for April 2022

The ruling by the appellate authority upholds the findings of the Authority of Advance Ruling. Tax experts say it will complicate taxation for pizza brands.   The Haryana Appellate Authority