The Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with...

GST Council Meeting 2026: The GST Council, meeting in New Delhi, is expected to propose significant reforms for tax administration. One ref...

India's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and...

The GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures ar...

The government is preparing to transition the GST regime toward a trust-based tax administration. This shift includes introducing sweeping ...

India is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...

Indian Economy: Japan Credit Rating Agency (JCRA) has upgraded India’s sovereign credit rating from BBB+ to A-, restoring an A rating for I...

Foreign currency inflows have eased financial conditions for the Reserve Bank of India. This temporary relief allows the central bank to de...

Mutual Fund CIO Umesh Mehta says Nifty mega caps may remain subdued as institutional ownership limits fresh buying and earnings momentum sh...

Earning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...

The government will implement major changes to the Goods and Services Tax (GST) invoice management system from the October tax cycle, aimin...

The CBIC is developing an advanced invoice management system to prevent automatic GST mismatch notices, aiming to reduce unnecessary litiga...

ITC refers to GST credit for tax paid while buying goods or services to be used for business. One example of ITC is the GST paid on raw mat...

The GST framework allows companies to set off part of their future tax liability against GST paid by them on the raw materials sourced from...

The reconciliation process ensures that no sales or purchases are omitted or wrongly reported in the GST returns.

As much as Rs 14,000 crore worth of refunds due to exporters are stuck because of various reasons and the Central Board of Indirect Taxes a...

Cos, whose final sales return GSTR-1 did not match GSTR-2A, which is a purchase return auto-generated by system from his seller's return, h...