The government recently introduced one of the biggest changes to the GST framework since its 2017 launch. Effective September ...

The Goods and Services Tax (GST) Council, in its 55th meeting, clarified taxation rules for the sale of old and used vehicles ...

Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT ...

Far from a grand bargain, the GST is an imperfect compromise constrained by a political culture with a limited commitment to ...

Policyholders will pay no GST on health and life premiums from September 22, but insurers lose the ability to claim tax credit on expenses like commissions, rent and software, raising their operating ...

India avoided term insurance plans due to the tax. However, after the GST 2.0 (w.e.f 22 September 2025, there will be 0% GST charged on term insurance.

As of today, September 22, new reduced GST rates have come into effect, making a wide range of electronic items and home appliances more affordable. The government recently approved a reduction in the ...

The GST Council has retained the special composition scheme for bricks under GST 2.0, keeping the levy at 6 per cent without ITC and 12 per cent with ITC, with a Rs 20 lakh threshold ...

Union Ministers Nirmala Sitharaman, Piyush Goyal, and Ashwini Vaishnaw address a presser on the impact of the latest GST ...

What It Means For You. Representational photo For years, term insurance premiums were taxed at 18% GST. Due to this, the premiums were costly, and a lot of people in India a ...

The GST Council, as widely expected, moved to a two-slab indirect tax system by retaining the 5% and 18% rates and doing away with the 12% and 18% slabs. The GST Council has been maintaining the ...