Also, while just 32 million taxpayers are the beneficiaries of the I-T concessions, reduction in GST rates is bound to impact almost the entire population. It would also help keep inflation in check ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

The Union Budget 2025-26 offers tax relief for India's middle class, signalling a potential consumption revival. However, ...

A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi South ...

The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...

State Tax Officer, the Orissa High Court addressed the challenge against the cancellation of GST registration under the Odisha Goods and Services Tax Act, 2017. The petitioner contested the show cause ...

According to a recent exchange filing, IndiGo’s parent firm, InterGlobe Aviation, has received demand orders for goods and services tax (GST) of ₹116 crore. The airline is challenging these rulings in ...

Tariffs on Canadian lumber, drywall from China and Canada, and pressed steel and aluminum from China challenged homebuilders ...

(a) the total amount of GST collected along with proportional contribution from the lowest income groups, middle-income ...

Is the tax bonanza really as big a game-changer as some pundits are claiming it to be? GST cut would have impacted us right at the point of consumption. Here's a breakdown of budget 2025 tax breaks to ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be passed on to the consumers, negating the intended benefit of exemption ...

A head of India’s budget on February 1st, Narendra Modi asked Lakshmi, the Hindu goddess of wealth, to bless the poor and the ...