GST, an indirect tax on the supply of goods and services in India, is currently applied at 18% on health and life insurance ...

GST will not be applied on penal charges levied by banks and NBFCs, as clarified by the CBIC. The exemption extends to ...

Hero MotoCorp faces a GST demand of Rs 456 crore issued by Rajasthan authorities due to disputed tax rates on product parts.

GST compensation cess is a specific tax established within the framework of the Goods and Services Tax (GST) system in India. This tax is levied on select goods to assist states in recouping any ...

ITC Refund Challenges for Exporters Who Cancel Their GST Registration A Case Study on GST Procedural Hurdles and System Limitations Sri Shanmuga Hardwares ...

Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

The GST Council (Goods and Service Tax) recently announced a bewildering array of extra tax rates for popcorn, sparking an understandable backlash among economists, businesses, and consumers alike.

GST is applied at a standard rate of 18 per cent when the margin is positive. A standard 18% Goods and Services Tax (GST) applies to the sale of used vehicles, including electric vehicles (EVs ...

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more ...

The government’s Viksit Bharat vision is reflected in the Union Budget with a persistent focus on ‘Make in India’, export ...

Long-term Capital Gains (LTCG): 10% tax on profits exceeding ₹1 lakh from equities held over a year. Equity Delivery: 0.1% on ...