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GST On Pre-Packed and Labeled Food Items

GST On pre-packed and Labeled Retail Packs of Food Items

The 47th GST Council meeting held on June 28th and 29th, 2022, produced a new proposal stating that GST will be levied at…
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GST on Liquidated Damages

GST Applicability on Liquidated Damages, Compensation and Penalty

In a circular dated August 3, 2022, the Central Board of Indirect Taxes and Customs (CBIC) clarified the application of the GST to…
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FEMA Regulations for NRIs

A guide to Non-Resident and Types of transactions under FEMA

An Indian residing abroad is generally known as a Non-Resident Indian (NRI). NRI means a person residing outside India who is a person…
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Is GST a Boon or a Bane

Whether Implementation of GST is Boon or Bane to the economy?

Every coin has two faces and so the same applies to the concept of GST implementation in India. Of course, this is the…
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