Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

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 ...

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

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

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

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 ...

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 ...

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

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 ...

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

It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...