GST reforms 2026: Employers get ITC on employee health, life insurance premiumsThe GST Council has recommended allowing employers to claim input tax credit on GST paid for health and life insurance policies taken for e...
Good news for employees: Input Tax Credit on group health and life insurance allowed; Know how it employeesNow GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it he...
Proposal to scrap GST officers' arrest powers based on 'trust'; states likely to back move: SourcesThe 57th meeting of the GST Council, to be chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, wil...
Stocks in news: HDFC Bank, Infosys, Yes Bank, Hindustan Zinc and RVNLIndian equities continued their downward trend due to rising global bond yields and high crude oil prices. The Nifty 50 fell by 198.50 poin...
GST relief for gaming companies raises hopes across the sectorTax authorities have taken a softer approach towards gaming companies in the first four final GST orders issued after the Supreme Court rul...
Your UPI payment just got a price tag: what it means for GST-registered taxpayersNPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
Hyderabad: ITC fraud of Rs 32.28 cr unearthed, company director heldThe CGST Secunderabad uncovered a fraudulent Input Tax Credit case involving a significant amount of Rs 32.28 crore. A company director was...
Stocks in news: Tata Group stocks, HDFC Bank, Coforge, HFCL, Sun Pharma and Varun BeveragesOn September 11, Indian stock markets experienced a remarkable bounce back after an initial dip at opening. Key index heavyweights attracte...
IAMAI wants 5% GST dropped for app-based ridesApp-based mobility firms want GST exemption on their platforms. They argue the five percent tax applies unfairly to technology connectors. ...
- Can a right to collect toll become taxable payment? The GST question
A Supreme Court case questions whether a government-granted right to collect tolls constitutes non-monetary payment for highway constructio...
SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23The Supreme Court has quashed a tax demand notice against Tata Steel. This notice involved an alleged irregular input tax credit claim. The...
CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 crHyderabad CGST Zone busted a clandestine pan masala and tobacco manufacturing unit. Officials detected approximately Rs 160 crore in duty a...
Stocks in news: Hyundai Motor India, BSE, HEG, Hexaware Tech and Oil IndiaIndian equity markets extended their losing streak to a seventh consecutive session, with the Nifty50 closing lower at 24,078.30. Key corpo...
SC rejects GST department review plea, telecom firms get relief on tower tax creditThe Supreme Court rejected a review petition from the GST Department. This decision confirms telecom towers are movable property for tax cr...
Parlimentary panel asks revenue dept to conduct 'ground reality' check on physical check-postsIn a recent development, a parliamentary committee has pressed the revenue department to assess the impact of unauthorized check-posts that...
SC notice to Centre on plea against HC verdict upholding anti-profiteering provision of CGST ActA division bench of the high court, on January 29, upheld the constitutional validity of Section 171 of the CGST Act, 2017 which mandates t...
A change in GST means a car dealer’s working capital will go up by Rs 1 cr per monthChange in credit set-off methodology in CGST Act puts an unwarranted burden on auto dealers working capital requirement.