A well-structured, targeted tax relief system is crucial to enhance economic inclusivity, stimulate demand, and position India as a globally competitive market ...

Additionally, the finance minister highlighted that there has been a significant decrease in GST rates, decreasing from 15.8% ...

Finance Secretary Tuhin Kanta Pandey emphasized the need for GST rate rationalization after gaining implementation experience ...

Finance Minister Nirmala Sitharaman Tuesday said the GST Council is working on rationalising rate slabs under the Goods and ...

GST, an indirect tax on the supply of goods and services in India, is currently applied at 18% on health and life insurance ...

Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

T he Goods and Services Tax (GST) framework in India has undergone several changes since its inception in 2017. One of the most significant updates is the introduction of the Invoice Management ...

BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...

India's Goods and Services Tax ( GST) collections for January 2025 have hit ₹1.72 lakh crore, according to provisional data ...