Diwali is around the corner and the markets are all geared up for the festive season. In order to attract more customers and increase sales, businesses offer various discount and incentive schemes. This time it is expected that businesses will roll out more offers to counter the economic slump. It is therefore important that we understand the GST treatment of these schemes. Here is a list of some of the common promotional schemes and their GST treatment.

There is a dedicated GST council which conducts meeting from time to time to revise the GST rates for various products. Finance Minister Arun Jaitley said that the government wanted to keep the GST rates close to the original rates. The latest revised GST rates for some common items are mentioned below.

In order to create transparency and prevent tax evasion, the government, recently had amended the provisions associated with PAN card. Here are certain new changes in the PAN card rules which you being an Indian citizen must be aware of.

Calling Prime Minister Narendra Modi "an incompetent man who listens to nobody", Congress President Rahul Gandhi on Saturday said he destroyed the "India growth story" through demonetisation and Goods and Services Tax, which he referred to as the "Gabbar Singh Tax".

Xiaomi will be launching its Mi LED TV measuring 65-inch, in India. Xiaomi head Manu Kumar Jain has given some hints about the upcoming models. In his tweet he mentions the words ‘The Bigger Picture coming from Mi TV India’ suggesting that a larger model is on its way.

Former Finance Minister P. Chidambaram on Wednesday raised questions about what caused the change in the "declared goals" of the Goods and Services Tax (GST) regime, why it was being changed.

Movie tickets costing more that Rs 100 have been brought down from 28 to 18 per cent, Finance Minister Arun Jaitley announced on Saturday. Celebrities like Aamir Khan, Akshay Kumar and Ajay Devgn have hailed the move.

Finance Minister Arun Jaitley on Saturday said that six items have been removed from the 28 per cent tax bracket under the Goods and Services Tax (GST) regime.

The meeting between Prime Minister Narendra Modi and Bollywood delegates took place in Mumbai on December 18. Bollywood actors, producers and CEOs of companies met the PM and discussed various issues. But people across the globe noticed an unusual thing. In the meeting, there were 18 men and 0 women, meaning not a single woman was present.

The government of India, today, announced that the new and simplified Goods and Services Tax (GST) return forms will be introduced from April 1. The GST