What are the changes made to the GST rate? As announced by the Finance Minister in the 2022 Budget, the GST rate will increase from 7% to 9% over the following periods: 1 July 2007 to 31 December 2022: 7% 1 January 2023 to 31 December 2023: 8% 1 January 2024 onwards: 9% Am I ...
Changes in the 2025 GST Voucher Scheme Eligibility for the GST Voucher is determined by annual value thresholds and other conditions. In 2025, the annual value thresholds will be revised, allowing more Singaporean households to qualify for benefits. Currently, there are two annual value (AV...
Latest GST News, notifications, circulars and latest GST updates for 2025, 2024, 2023, 2022, 2021, and 2020. This page is all about keeping you updated with GST news, the latest GST notifications, circulars, and GST law changes by the government. The top GST News page is updated on a ...
On the GST front, the CBIC has released multiple GST Notifications and Circulars stating several changes to the law. On July 23, 2024, the government announced the Union Budget 2024 after re-election and the finance minister laid down 9 major priorities in the budget. You can read the Union...
Singapore will raised its Goods and Services Tax (GST) rate from 8% to 9% in 2024. This is the second rate hike since the Minister for Finance announced GST rate increase during its tabling of Singapore Budget 2022. This article walks you through the GST increase and how to comply with...
In the Union Budget 2024 held on 23rd July 2024, the Finance Minister announced a reduction in the customs duty on the import of mobile phones and related components by 5%. This move aims to boost the domestic manufacturing industry and make mobile phones more affordable. These changes will co...
Budget 2024 amendment introduced a six-year time limit for revising TDS returns, which was added under Section 200(3) of the Income Tax Act, Previously, no time limit existed for filing ... Business Setup in India Highlighting the advantages of GIFT City & Services RJA 27 Feb, 2025 ...
3. What is the import duty on 24 carat gold in India? In the 2024-25 Union Budget, the total customs duty on gold was reduced from 15% to 6%. This reduction comprises a basic customs duty of 5% plus a social welfare surcharge of 1%.GST...
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The ITR-U, or Income Tax Return-Updated, allows correction of errors or omissions in previous ITRs and can be filed within two years from the end of the relevant assessment year. Read more Key Highlights of Union Budget 2024 The Budget 2024 brings significant changes in direct and indirect ...