Timsy Jaipuria

The appeal had challenged an order of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) dated September 4. It is understood that the ruling has significant implications for the jurisdictional boundaries of customs appeals and settles classification disputes.

In India, 87% of sales are attributed to non-luxury segments. However, the rising middle class, increasing travel, and growing fashion consciousness are driving demand for luxury luggage.

Tax experts outline key considerations and compliance measures to keep in mind for Indian planning to buy property in Dubai

Earlier, the Madras High Court’s had ruled in the Parle Agro case last November, where it held that ‘flavoured milk’ must be classified under Tariff Heading 0402 of the Customs Tariff Act, 1974.

Pharma sector's budget wish list centres on promoting R&D investment, tax relief, and strengthening healthcare infrastructure through increased funding and expansion of schemes like Ayushman Bharat.

The matter was first discussed at the 50th GST Council meeting, where it was clarified that, from July 26, 2023, a cess of 22% would apply to all motor vehicles meeting this definition, regardless of the name they are sold under.

The 55th Goods and Services Tax (GST) Council meeting, scheduled for December 21 in Jaisalmer, will address several critical maters.

55th GST Council Meet: The proposal aligns with the long-standing demand from e-commerce platforms in the food delivery sector to treat their services on par with restaurant services.

The possibility of reducing GST rates on insurance premiums has been a topic of discussion for some time.

The 55th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is underway in Jaisalmer, Rajasthan.