Input Tax Credit is the soul of GST, designed to make taxation fair and efficient. While the idea is robust, the practical implementation has been marred by restrictions, compliance hurdles, and ...

The GST Council’s shift to a two-slab system may look consumer-friendly with lower rates, but denial of Input Tax Credit (ITC ...

Understand Input Tax Credit (ITC), a key component of the GST system. Learn how it prevents cascading taxes, its rules, benefits, and challenges for ...

Coal Ministry reforms aim to rationalize tax burden, eliminate compensation cess, and address inverted duty anomalies for ...

India`s 2025 GST reforms simplify taxes, boost consumption, and drive sectoral growth. Learn how these changes impact ...

While the GST exemption on health and life insurance premiums will lower costs for consumers, insurers will absorb some impact due to the removal of input tax credit (ITC) ...

Health and life insurance premiums no longer attract 18% GST, making policies cheaper. While policyholders will immediately benefit, experts warn insurers may hike premiums by 3–5% in the long run due ...

Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life ...

Union Finance Minister Nirmala Sitharaman announced a major reform under GST 2.0 at the 56th GST Council meeting on September ...

India's textile industry is poised for significant growth following GST reforms effective September 2025. These changes ...