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 ...
While some hotels expect higher bookings, especially with new GST rates coming into effect during the festive season, others ...
How to check the GST rates for various items using the revised GST table published by the Central Board of Indirect Taxes.
According to a recent advisory issued by the GSTN, the changes are aimed at reducing disputes, lowering the compliance burden ...
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 ...
Starting September 22, insurers can't claim input tax credit (ITC) on GST paid for commissions on individual health and life ...
The circular addresses doubts raised by industry stakeholders regarding how such discounts affect Input Tax Credit (ITC) and ...
Coal Ministry reforms aim to rationalize tax burden, eliminate compensation cess, and address inverted duty anomalies for ...
NDTV Profit on MSN
Insurance Industry Seeks Lower GST On Distribution Costs
The government has clarified that premiums for individual life and health insurance policies will be exempt from the GST.
AIOCD demands protection period for traders during GST transition, hails reduction in GST on essential medicines for ...
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