Small businesses with turnover up to Rs 2 crore are exempt from filing GST annual returns starting FY 2024-25, offering ...

The CBIC has notified changes to the annual GST return form GSTR-9, making the reporting of Input Tax Credit (ITC) more comprehensive.

The CBIC is planning to introduce a monetary limit for issuing GST demand notices to reduce unnecessary disputes and avoid ...

The CBIC is working on a mechanism to set a monetary limit for issuing GST demand notices to ensure that notices are not ...

Starting September 22, 2025, India will witness one of the biggest shifts in its indirect tax system since GST was first ...

The reduction of goods and services taxes (GST) on renewable energy devices and components from 12% to 5% will give a leg up to India’s goal of having 500 GW of non-fossil fuel-based electricity ...

This article examines advanced and practical challenges with the GST Input Service Distributor (ISD) mechanism, covering issues from expense identification to ITC eligibility and procedural ...

The GST Council’s move to reduce the tax rate on individual life and health insurance policies to zero percent has invoked mixed responses from the insurance sector. While they welcome the move as it ...

The long-awaited tax relief for retail insurance policyholders is here. With effect from 22 September, the government has exempted retail health and life insurance policies, as well as reinsurance, ...

In India, a corporate organisation known as a Private Limited Company (Pvt. Ltd.) gives shareholders a separate legal identity, liability protection, and ongoing succession. Under the Companies Act ...

Mumbai: Insurers are bracing for higher operational costs after the government scrapped the goods and services tax (GST) on all individual life and health insurance premiums as part of its tax ...