Searched for
INPUT TAX CREDIT SALONS
GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue officialDuring the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to i...
GST reforms: What changes in compliance, input tax credit, refunds and litigation from 2027The latest changes proposed by the GST Council will help cut costs and ease cash flow for companies. To curb cascading tax, ease working ca...
Salons double festive makeover prices as Navratri demand surges, costs riseSalons and services apps have increased their prices significantly due to a surge in demand for festive services. The rise in costs is attr...
GST e-invoicing may cover services imports from unregistered companiesThe Indian government is set to enhance GST reporting for imported services through e-invoicing. This expansion will affect businesses with...
GST Council bets on faster refunds, lower penalties to ease business burdenThe 57th GST Council meeting has introduced measures to simplify compliance and expedite refunds for businesses. Recommendations include in...
GST 2.0 makes it less taxing as govt scrap arrest powers, raise prosecution threshold to Rs 5 crore in major overhaulThe GST Council recently approved substantial reforms to simplify the indirect tax structure and improve compliance. These changes include ...
GST rejig: Credit relief, export push and simpler rules make Diwali come early for industry, says EY’s Bipin SapraEY partner Bipin Sapra said the GST Council’s latest reforms address input tax credit blockages, expand refunds, support exporters and stre...
GST reforms: 38,700 exporters to get faster refunds, wider access to input tax creditsNearly 38,700 export taxpayers will become eligible for cash refunds on input taxes paid on services and plant and machinery under GST refo...
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to IndiaGST reforms treating contract manufacturing for foreign principals as exports could boost India’s appeal as companies relocate parts of the...
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...
This $2,000 IRS tax credit can help pay for college in 2026, but there's an income catchTaxpayers pursuing education may benefit from the Lifetime Learning Credit for eligible expenses incurred. This credit covers 20% of up to ...
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...
GST Council eases tax rules for IT exports via foreign branchesThe move addresses a major demand from the IT and IT-enabled services sectors, providing significant relief to companies that support globa...
One GST return a year? New scheme could ease compliance for 16 lakh small businessesSmall businesses selling only to consumers may soon have the option to file GST returns annually. The GST Council has approved a plan for e...
GST winners 2026: No rate cuts, but small businesses, exporters and taxpayers have plenty to gain. Here's howGST Reform Winners 2026: The GST Council has greenlit key reforms intended to simplify compliance for businesses across the board. Small bu...
GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agendaThe GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures ar...
GST Council to consider 17-day refund timeline, faster registrationsThe GST Council is set to consider measures to speed up refunds and GST registrations, with a proposed 17-day refund timeline and greater a...
On the right path of easing ease of bizTo strengthen compliance and reduce conflicts, reforming the Goods and Services Tax (GST) administration is essential. The GST Council will...
GST 2.0: Council to consider sweeping reforms to unlock tax credit, ease complianceIndia is set to implement significant reforms to the goods and services tax system, which will ease compliance. Changes may include the rel...