The government recently introduced one of the biggest changes to the GST framework since its 2017 launch. Effective September ...

The Goods and Services Tax (GST) Council, in its 55th meeting, clarified taxation rules for the sale of old and used vehicles ...

The new Goods and Services Tax rates have taken effect today, with many items, including daily food and essentials, as well ...

Policyholders will pay no GST on health and life premiums from September 22, but insurers lose the ability to claim tax credit on expenses like commissions, rent and software, raising their operating ...

The GST Council has retained the special composition scheme for bricks under GST 2.0, keeping the levy at 6 per cent without ITC and 12 per cent with ITC, with a Rs 20 lakh threshold ...

"Where such margin is negative, no GST is payable," a source said. For example, if a registered person is selling an old and used vehicle to any person at Rs 10 lakh, where the purchase price of the ...

IMF predicts India's GST reforms will boost demand, mitigating the impact of US tariffs on economic growth and inflation.

Form GST ASMT-10 plays a central role in this scrutiny process. It is used by the tax authorities to formally notify ...

The Bombay Chartered Accountant Society has urged the finance minister to extend the GSTR-3B filing deadline. This request ...