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Tag: Indirect Tax India
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GST on Petrol, Diesel & Alcohol: Are Fuel and Liquor Getting Cheaper After the New Reform?
India’s tax landscape has undergone one of its most significant shifts with the new Goods and Services Tax (GST) reform that came into effect on 22 September 2025. This restructuring has reduced the GST slabs, cut rates on hundreds of items, and promised to simplify the tax system for both businesses and consumers. But amid…
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The Ultimate GST Handbook: Navigating Goods and Services Tax in India
Taxable Event under GST – In Detail What is a Taxable Event? A taxable event is the occurrence or action that gives rise to the liability to pay tax. In any tax law, identifying the taxable event is crucial because it determines when and how tax is to be levied. Under the previous indirect tax…