The clarification includes amongst others 5% on sale of space for advertisements in souvenir books, and a reduction of the GST rate to 12% from 15% on rental services of transport vehicles with operators, effective July 18..
Source: bloombergtax.com
Latest Posts in "India"
- Supreme Court: VAT Credit Cannot Be Denied Due to Supplier’s Tax Default
- Trickiest countries in which to achieve compliance
- India announces changes in the Invoice Management System
- GST: India’s Grand Federal Bargain Becomes Imperfect Political Compromise After Eight Years
- GST 2.0 Boosts Bengal’s Economy with Rate Cuts on Local Goods and Industries
