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

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 ...

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 ...

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 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 ...

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

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 ...

Suzuki Access 125 prices have been reduced following GST 2.0 reforms, with ex-showroom rates in Delhi now starting at Rs 77,284. The scooter sees a cut of over Rs 8,500, while other Suzuki models also ...

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 ...