The government has stated that no Goods and Services Tax (GST) is required to be paid on penal charges on loans levied by RBI ...

Simplified classification and GST rate structure for automobiles and auto components, reduction of GST on hybrid vehicles, ...

The Indian auto industry is urging the Union Budget 2025 to focus on tax reforms, subsidies, and infrastructure investments ...

The Hindu examines the Union Budget of 2017, presented by Arun Jaitley in the midst of two major financial overhauls: after ...

Union Budget 2025-26 introduces key amendments to GST laws to enhance trade facilitation. Starting from April 1, 2025, input tax credit distribution will be allowed by Input Service Distributors for ...

GST compensation cess is a specific tax established within the framework of the Goods and Services Tax (GST) system in India.

Scenario 2: Taxpayer collected GST payments from recipients but delayed remittance for over three months In such a situation, it is advisable to voluntarily pay a 15% penalty along with applicable ...

The proposed amendment, under Section 148A of the CGST Act, would empower authorities to monitor the movement of specified ...

Small traders in India anticipate Budget 2025, seeking tax relief and GST simplifications to support their businesses and ...

The GST department has filed three FIRs against firm owners for issuing fake bills to evade taxes, leading to significant ...

As the Union Budget 2025-26 is now just a day away, it’s time to take another look at the wish list of the online gaming ...