Tag: IGST

Government has notified the Integrated Goods and Services Tax (IGST) Amendment Act, 2023, vide Notification dated 18/08/2023.

CGST/IGST Amendment Bills, 2023 have been passed in Lok Sabha relating to levy of 28% tax on online gaming, casinos and horse racing.

CBIC imposes restriction on the IGST refund route for exports of Tobacco, Pan Masala, Mentha Oil and similar products.

CBIC notifies the commencement dates for various CGST/IGST related amendments in the Finance Act 2023, vide Central Tax Notification 28/2023.

GST rates on various goods, including uncooked snack pellets, fish soluble paste, LD slag and imitation zari thread, have been reduced to just 5%, effective 27/07/2023.

CBIC notifies GST exemption for satellite launch services, including for private sector providers, effective from 27th July 2023.

CBIC amends procedures to allow GTAs extended deadline for choosing between FCM or RCM and relieve them from annual compliance to do so, as recommended by GST Council.

CBIC clears the confusion around interest charges for wrong IGST credit under GST. Stay compliant and understand the rules to avoid penalties. Read now.

Extracts of the GST related Amendments made in the Finance Act, 2023, as notified by the GOI on 31/03/2023, post assent of the Hon’ble President of India.

Summary of the direct and indirect tax proposals in the Budget 2023 (Finance Bill 2023) as presented by Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs: Highlights …