Learn how India’s GST 2.0 simplifies tax rates and revises HSN and SAC codes, streamlining compliance, invoicing, & trade ...

The Ministry of Finance on Wednesday issued a Gazette notification revising the Goods and Services Tax (GST) rate framework under the Central Goods and Services Tax Act, 2017. The new rate schedule ...

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SAC or Services Accounting Codes are unique codes offered by CBEC (Central Board of Excise and Customs), which is used for classification of categories of services under Goods and Services Tax (GST).

GST (Goods and Service Tax), a revolutionary step by the Government of India, which has changed the entire tax structure of the country. The new tax regime was implemented from July 1, 2017, and has ...

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ministry ...

Classification of food products and their taxation have always thrown up interesting discussions in indirect taxes. Service tax laws had concepts such as indoor and outdoor catering and a wholesome ...

The Goods and Services Tax (GST) Council at the 45th meeting has recommended increasing GST rates on licensing services/ the right to broadcast and show original films, sound recordings, Radio and ...