Latest Blog of Taxation

  • GST on Bikes in India: New Rates by Engine Capacity

    GST on Bikes in India: New Rates by Engine Capacity

    GST on bikes in India depends on engine capacity. Two-wheelers up to 350cc attract 18% GST, while those above 350cc attract 40% GST. Electric bikes continue to be taxed at 5%. These revised rates were announced in the 56th GST Council meeting and came into effect on 22 September 2025. This reduced the GST on […]

  • GST for Electrical Items in India: Rates & HSN Codes

    GST for Electrical Items in India: Rates & HSN Codes

    GST for electrical items in India is primarily 18%, covering products such as wires, cables, switches, fans, motors, and most electrical appliances. However, LED lights and bulbs attract a lower 5% GST under the revised GST structure introduced in September 2025. Businesses selling these items need a valid GST registration to charge, collect, and remit […]

  • GST on Cars in India 2026: New Rates, Slabs & Impact

    GST on Cars in India 2026: New Rates, Slabs & Impact

    GST on cars in India is currently 18% for eligible small cars and 40% for large cars, SUVs, and luxury vehicles after the September 2025 GST reforms. The government reduced the GST rate for eligible small cars from 28% to 18% and simplified the tax structure for larger vehicles.     Electric vehicles continue to attract a […]

  • GST on Car Insurance in India: Rate, ITC, and Latest Rules

    GST on Car Insurance in India: Rate, ITC, and Latest Rules

    GST on car insurance in India stays flat at 18%. This applies to third-party, comprehensive, and own-damage cover. A ₹10,000 base premium becomes ₹11,800 after tax. This rate has not changed after the broader GST 2.0 reforms took effect in September 2025. Insurers add this tax to every policy issued or renewed. The rate remains […]

  • GST on Vehicle Insurance in India: Rate, ITC & Rules

    GST on Vehicle Insurance in India: Rate, ITC & Rules

    Insurers charge 18% GST on most vehicle insurance premiums in India. Since 22 September 2025, third-party insurance for goods-carrying commercial vehicles attracts 5% GST. Every vehicle owner who buys motor insurance pays GST on the insurance premium, whether the policy covers a private car, a bike, or a commercial vehicle.    Section 17(5) of the CGST […]

  • How to Find the TAN Number of a Company Online in India?

    How to Find the TAN Number of a Company Online in India?

    To find a company’s TAN online, use the Income Tax Department’s “Know TAN Details” service. Select “Name,” enter the deductor category, state, and company name, and complete the verification process. You can also find the TAN on documents issued by the company, such as TDS certificates (Form 16 or Form 16A), TDS challans, or invoices. […]

  • How to File Amendment in GST Registration in 2026?

    How to File Amendment in GST Registration in 2026?

    Businesses evolve with time, and their registration details may change after initial incorporation and GST registration. A company may shift its registered address, update bank account details, add or remove partners/directors, or modify its business structure. In such cases, businesses must update their details through an amendment in GST registration on the GST portal. Filing […]

  • Old vs New Tax Regime in India: Comparison for FY 2026-27

    Old vs New Tax Regime in India: Comparison for FY 2026-27

    Every year, salaried employees, business owners, and freelancers across India face an important tax decision: old vs new tax regime, which one should you choose? The difference between the old and new tax regimes goes beyond simply comparing tax rates. It also depends on how your income, investments, deductions, and exemptions affect your overall tax […]

  • GST Registration Fees & Charges in India: Complete Cost Breakdown

    GST Registration Fees & Charges in India: Complete Cost Breakdown

    The charge to register for a GST number on the official government portal is completely free. The government charges no fee at all. In practice, the GST registration fees usually consist of the optional professional charges (usually starting from ₹500) paid to a CA or consultant, plus a few optional costs, like one charged for […]

  • Freight Charges GST Rate: Rules, Rates & Compliance

    Freight Charges GST Rate: Rules, Rates & Compliance

    The GST rate on freight charges depends on the mode of transport and on who is liable to pay the tax. For businesses in logistics, manufacturing, and supply chain, applying the correct rate matters, since an error can lead to overpayment, lost input tax credit, or compliance notices. GST treats freight as a supply of […]

  • Powers and Functions of Income Tax Authorities: Rules, Rates and Compliance

    Powers and Functions of Income Tax Authorities: Rules, Rates and Compliance

    Income Tax Authorities are government officers and bodies responsible for administering and enforcing the Income-tax Act, 1961 in India. Their functions include processing tax returns, assessing taxable income, collecting and recovering tax, issuing notices, conducting inquiries and searches where legally authorized, and taking action against non-compliance. With the ever-evolving tax landscape under the Income Tax […]

  • GST on Transportation Charges: Applicability, Rates & ITC

    GST on Transportation Charges: Applicability, Rates & ITC

    GST on transportation charges in India depends on the mode of transport, whether it carries goods or passengers, and the service tier. Rates range from 5% to 18%, with some categories fully exempt. The 56th GST Council meeting revised these rates, effective from 22 September 2025. The change removed the old 12% slab for Goods […]

  • GST on Flat Purchase in India Explained

    GST on Flat Purchase in India Explained

    GST on flat purchases in India applies only to under-construction properties. The rate is 1% for affordable housing and 5% for standard residential flats. Both rates apply without Input Tax Credit (ITC). Ready-to-move-in flats with a completion or occupancy certificate are fully exempt from GST. Resale flats are also exempt from GST. Commercial property attracts […]

  • GST on Computers and Electronics: 2025 Rates, ITC Benefits & Compliance

    GST on Computers and Electronics: 2025 Rates, ITC Benefits & Compliance

    GST on computers and electronics in India is 18% for most items. This includes laptops, desktops, monitors, printers, and core components. A small set of luxury or premium electronic goods attracts 40% GST. Select essential electronic items and renewable energy equipment attract a concessional 5%. These rates reflect the GST 2.0 reforms, effective 22 September […]