India’s Central Board of Direct Taxes (CBDT) has published Notification No. 35/2025 of 22 April 2025 and Notification No. 36/2025 of 22 April 2025 regarding the list of luxury goods subject to 1% tax collection at source (TCS) if the value of the goods exceeds INR 1 million (ten lakh).
Sources:
Latest Posts in "India"
- GST 2.0: Key Changes, New Rates, and Business Impact Explained
- Guide to GST Refunds for Unregistered Persons: Cancelled Service Contracts Explained
- India Reduces GST on Solar and Wind Equipment to 5%, Cutting Renewable Energy Project Costs
- India Unveils Next-Gen GST: Simplified Tax Structure, Lower Rates, Boosts Business and Affordability
- Piyush Goyal Urges Industries to Pass GST Benefits to Consumers for Economic Growth
