Section 16(2)(c) of the CGST Act makes Input Tax Credit (ITC) conditional on the supplier actually paying the tax to the government. Judicial precedents from High Courts emphasize that a buyer’s bona ...
Mumbai: Hospitality stocks have had a checkered 2025. Most hotel stocks have eroded investor wealth, lagging their 52-week highs, as weak demand and earnings disappointments clipped growth. Shares of ...
When will the changes in GST rates come into force? As per recommendations of the GST Council in its 56th meeting, the changes in GST rates on services and goods other than cigarettes, chewing tobacco ...
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GST rate cuts from September 22! All you need to know about new tax rates for items - 75 FAQs answered
GST rates slashed for several items! Essential everyday items including roti/paratha, hair oil, ice creams and televisions are set to become cheaper from this month, whilst personal health and life ...
The Fertilizer Association of India (FAI) has urged the Centre to bring Goods and Services Tax (GST) rate on ammonia and sulphuric acid, which are key raw materials in the production of di-ammonium ...
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 ...
The Goods and Services Tax (GST) Council, after its 56th meeting on 4 September 2025, announced a GST exemption on all health and life insurance premiums as part of the central government's indirect ...
The Federation of Tamil Nadu Powerloom Associations has urged the Union Finance Ministry to release pending Goods and Services Tax (GST) input tax credit for the 13-month period between July 1, 2017 ...
The GST council’s decision to simplify rate structure for hotels will boost domestic travel, hospitality sector executives said as they welcomed the move. Hotel rooms priced less than ₹7500 will now ...
The government’s decision to exempt health and life insurance premiums from the 18 per cent Goods and Services Tax (GST), effective September 22, 2025, has been welcomed as a big step toward ...
In a landmark decision, the Goods and Services Tax (GST) Council has scrapped GST on all individual health and life insurance policies. Effective from September 22, the exemption applies to term life, ...
The Life Insurance Council - a forum of industry stakeholders - is expected to seek clarity from the Insurance Regulatory and Development Authority of India (IRDAI) and the Centre on key issues ...
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