tax rate News

High Court Ruling: Carbonated Juices to Enjoy Lower GST Rate of 12%, Not 28%

The Gauhati High Court has ruled that carbonated juices will attract a lower GST rate of 12%, not 28%, marking a significant win for beverage manufacturers like X’SS Beverage and s...

GST Council Revises Tax Rates: Popcorn and Used Cars Impacted

The GST Council meeting in Jaisalmer has revised tax rates, increasing the GST on used cars to 18% and adjusting rates for popcorn and fortified rice kernels.

Switzerland Withdraws MFN Status to India, Impacting Indian Companies

Switzerland has withdrawn the most-favoured-nation clause to India under the double tax avoidance agreement, impacting Indian companies invested in the European nation. The decisio...