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A sin tax is an excise tax levied on goods and services like tobacco, alcohol and gambling, which are deemed harmful to people. The tax aims to reduce or eliminate the use of such products by making them more expensive to buy. The government is expec

GST Thread 2 What GST brings along with it - 1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation Example - If I purchase plastic fr

Petrol Should Be under GST or VAT and Excise ⁉️ Ever wonder why filling up your tank feels like emptying your wallet? Because of high taxes Right Now, Tax system on Petrol is more complicated than understanding how AI works. It is under VAT and Ex

Why are the latest GST reforms being rightly called the Next Gen GST reforms for Startups and MSMEs? Here's why. ⬇️ In 2017, the government rolled multiple taxes (excise, VAT, service tax, entry tax, etc.) on differentiated products into "One Natio

India has recently extended humanitarian aid to several African countries, focusing on food security and medical assistance due to natural disasters and drought conditions: Zimbabwe: Received 1,000 metric tonnes (MT) of rice aimed at addressing food

📌Starting 22nd September 2025, India’s GST structure has been simplified into three key slabs: 💸 GST Slabs Simplified👉 🟢 0% GST (Exempted) • Food & Beverages: Ultra-High Temperature (UHT) milk, chena/paneer (pre-packaged and labelled), pizza

Govt did right by hiking excise duty on petrol and diesel, for now 🙏🙏 No offence to anybody, but this will only make sense to ones who weigh context over emotions. Those who read my work regularly would know, I am no fan of the present Govt. So,

💸25 Basic terms you should know before watching Budget 2025 on Feb 1 Finance Minister Nirmala Sitharaman is preparing to present the Union Budget 2025, marking the second full budget of Prime Minister Narendra Modi’s government in its third term, a