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GST Council Approves New Dual Tax Structure

Indirect tax Taxlly -
56 GST Council has approved a major rate rationalisation by introducing a simplified dual tax structure. New Tax Slabs: Only 5% and 18% GST rates will remain in effect. Eliminated Slabs: The earlier 12% and 28% slabs have been removed. Special Rate: A 40% tax rate will be levied on sin goods (such as tobacco, pan masala, and certain luxury items). Effective Date These...
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GST Council Approves New Dual Tax Structure

56 GST Council has approved a major rate rationalisation by introducing a simplified dual tax structure. New Tax Slabs: Only 5% and 18% GST rates...

TDS under GST: Meaning, Applicability & Example

Gst tds By CA Pooja Jain | Dated: 03 September 2025 🔹 What is TDS under GST Tax Deducted at Source (TDS) under GST is a mechanism...

Calcutta High Court Reduces GST Penalty on Expired E-Way Bill – M/s. Appollo Plywood Industries & Ors. vs. Assistant Commissioner of Revenue, State Tax

Judgment Date: 02.08.2025 Coram: Chief Justice T.S. Sivagnanam & Justice Chaitali Chatterjee (Das) Case Background The appellants challenged the penalty of ₹7,31,661/- (200% of tax) imposed under...

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Indirect tax

GST Council Approves New Dual Tax Structure

56 GST Council has approved a major rate rationalisation by introducing a simplified dual tax structure. New Tax Slabs: Only 5% and 18% GST rates will remain in effect. Eliminated Slabs: The earlier 12% and 28% slabs have been removed. Special Rate: A 40% tax rate will be levied on sin goods (such as tobacco, pan masala, and certain luxury items). Effective Date These...

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GST Council Approves New Dual Tax Structure

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56 GST Council has approved a major rate rationalisation by introducing a simplified dual tax structure. New Tax Slabs: Only 5% and 18% GST rates will remain in effect. Eliminated Slabs: The earlier 12% and 28% slabs have been...
Indirect tax

GST Council Approves New Dual Tax Structure

56 GST Council has approved a major rate rationalisation by introducing a simplified dual tax structure. New Tax Slabs: Only 5% and 18% GST rates...
Indirect tax

TDS under GST: Meaning, Applicability & Example

Gst tds By CA Pooja Jain | Dated: 03 September 2025 🔹 What is TDS under GST Tax Deducted at Source (TDS) under GST is a mechanism...
Indirect tax

Calcutta High Court Reduces GST Penalty on Expired E-Way Bill – M/s. Appollo Plywood Industries & Ors. vs. Assistant Commissioner of Revenue, State Tax

Judgment Date: 02.08.2025 Coram: Chief Justice T.S. Sivagnanam & Justice Chaitali Chatterjee (Das) Case Background The appellants challenged the penalty of ₹7,31,661/- (200% of tax) imposed under...
Indirect tax

GST on Sale of Used Cars by Companies (Registered Entities)

🚘 GST Applicability on Sale of Used Cars When a company sells its used car, GST treatment depends on whether Input Tax Credit (ITC) was...
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Supreme Court Affirms Mobile Towers as ‘Plant & Machinery’; ITC Eligible Under GST

Supreme Court Affirms Mobile Towers as ‘Plant & Machinery’; ITC Eligible Under GST New Delhi, August 8, 2025 –   In a significant relief for the telecom...
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Calcutta High Court: ITC Cannot Be Denied Solely Due to Supplier’s Retrospective Cancellatio

Calcutta High Court: ITC Cannot Be Denied Solely Due to Supplier’s Retrospective Cancellatio Case Title: Shyamalmay Paul v. Assistant Commissioner of State Tax Writ Petition (Admn.)...
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GSTN Advisory – Dated 16 July 2025 New Functionalities Enabled on GST Portal for Special Amnesty Scheme

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Rooftop Solar Plant Eligible for Full ITC When Used for Business

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Indirect tax

GST Council Approves New Dual Tax Structure

Taxlly -
56 GST Council has approved a major rate rationalisation by introducing a simplified dual tax structure. New Tax Slabs: Only 5% and 18% GST rates will remain in effect. Eliminated Slabs: The earlier 12% and 28% slabs have been removed. Special Rate:...

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