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 ...

Time savings and greater administrative efficiency would flow from filing and ... streamline compliances." The GST reform holds immense potential to bolster India's MSME sector, but its current ...

In today’s newsletter, we look at how doing business in India continues to be challenging because of bureaucratic hurdles and tax disputes. But first, are goods and services tax (GST ...

Input Service Distributor has to compulsorily register as “ISD” apart from its registration under GST as a normal taxpayer.

India's banking sector liquidity is expected to shift to a strong surplus by March 2025 due to the Reserve Bank of India's Rs ...

For e commerce exports, GST has created an Integrated GST (IGST). Importing goods incurs an IGST whilst the exporting side is zero rated, which allows businesses to get refunds on money spent on ...

Meanwhile, net GST collections, after accounting for refunds, grew by 8.1 per cent, reaching around Rs 1.63 lakh crore. This ...

She said that the revenue neutral rate (RNR) has come down from 15.8 per cent at the time of the launch of GST on July 1, 2017, to 11.4 per cent in 2023.

The Union Budget 2025 has introduced significant changes to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS), ...

J K Mittal, lawyer of Sanjay Passi, has denied any tax evasion. He told The Times of India, “GST summons issued by the DGGI is malafide and the information of tax evasion is not mentioned in the ...

The revenue flow from GST has slowed down drastically ... In contrast, it had ranked second and third in India in terms of GST growth rate in FY18-FY19 and FY19-FY20. Chart 1 compares the GST ...

The court declared unconstitutional a part of the 2021 customs department exemption notification that required payment of ...