As GST embarks on this new chapter, businesses bear the responsibility for ensuring a smooth, efficient, and transparent transition.

Fertiliser companies face a GST input tax credit accumulation issue. This is due to the subsidy-related price inversion. The output value i...

Goods and Services Tax reforms are expected to reduce medicine prices in India. Experts say this will benefit patients and businesses. Howe...

Industry bodies said the clarity will ease compliance, reduce litigation, and give businesses and consumers much-needed predictability. The...

The pharmaceutical industry in India anticipates potential relief from Goods and Services Tax inversion. Discussions between companies and ...

As the GST Council prepares to discuss GST 2.0 reforms, some states are advocating for stringent measures to ensure consumers benefit from ...

The GST Group of Ministers is considering exempting health and life insurance premiums from the GST levy, a move that aligns with the Centr...

S&P Global Ratings suggests that the proposed 2-tier GST structure in India could simplify implementation and potentially boost fiscal reve...

As announced by finance minister Nirmala Sitharaman during the post-budget discussion in Parliament, the newly reconstituted group of minis...

With the Centre okaying the final tranche of GST compensation to states, the new tax regime will have cast aside its infancy support. Some ...

"Technology may correct anomalies for inefficiencies and therefore may have a possible impact on revenue collection. But the revenue-neutra...

December is the sixth continuous month where revenue collection from goods sold and services rendered stood at over Rs 1 lakh crore, but th...

Currently, GST is a four-tier slab structure of 5, 12, 18 and 28%. Essential items are either exempted or taxed at the lowest slab, while l...

All consumption taxes tend to be regressive. But the four-tier rate structure made India’s GST a bit less so.

The major item of production in Surat is polyester fabric, and before the GST came, there was absolutely no excise duty or VAT on fabric.

Raw materials for manufacture of sanitary napkins attract GST of 18% of 12%, even with 12% GST on sanitary napkins, there in an inversion i...

Finance Ministry’s point-by-point response to discussion paper amplifies differences.