With consumption accounting for over 60 percent of India's GDP, boosting disposable income is critical to reviving demand ...

Get temporary GST identification number, waiver of late fees for annual returns, and threshold limits for registration ...

Three back-to-back GST Council meetings were held last year. These meetings saw major announcements, including changes in tax ...

Starting from February 2025, taxpayers will need to report HSN codes in GSTR-1 and GSTR-1A forms by selecting the appropriate ...

The 5.97% year-on-year growth in GST mop-up in the first six months of 2024-25 was the slowest in four years, but the collection of ₹6,518.57 crore during the October-December quarter on account of be ...

Life insurance companies are petitioning to avoid the exemption of term insurance policies from the GST levy. They argue that ...

Business owners in Delhi feel neglected with political promises unfulfilled, facing difficulties like GST complexities, lack ...

In past couple of years, there have been notable updates to India’s Goods and Services Tax (GST) and Tax Collection at Source (TCS) under Income Tax Act, 1961 regulations affecting travel agents and ...

1. IGST Recovery: The primary component of the demand is Rs 2.54 crore, which the authorities claim ONGC owes for the ...

Industry stakeholders and experts are looking forward to a slew of measures around tax reforms, GST rates rationalisation, ...

Liberal leadership candidate Karina Gould says that she wants to make the GST exemption permanent for essentials like children's clothes, food and diapers. Gould attended a Liberal caucus meeting on ...

Summary: The applicability of interest on delayed GST payments hinges on whether the liability was offset using balances in the E-cash or E-credit ledger. Section 49 of the CGST Act, 2017, allows ...