Learn how to calculate and file refunds for unutilized ITC when input tax rates exceed output tax rates, ensuring compliance and faster ...

While headlines focus on GST rate cuts, two silent but sweeping changes are set to hit taxpayers this November—faster refunds for inverted duty structures and a radically simpler registration process.

Exceeding ₹2.5 lakh B2B output tax liability under Rule 14A risks GST registration cancellation and ITC disruption. Learn how to transition to normal registration ...

"In the recent GST reforms, the finance ministry has changed the GST on key raw materials like ammonia and sulphuric acid from 18 per cent to 5 per cent. This has been helpful in reducing the credit ...

The Fertiliser Association of India (FAI) is seeking two key GST clarifications to alleviate the financial strain on the ...

The government’s recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG distributors, ...

India’s decision to scrap the 18% goods and services tax on life and health insurance premiums is being hailed as a watershed moment for financial protection, with insurers and digital platforms ...

The insurance industry has welcomed the government’s move to consider exempting health and life insurance premiums from Goods and Services Tax (GST). However, industry experts warn that if the ...

Speaking to ANI, S Sankarasubramanian, Chairman of the Fertiliser Association of India (FAI), said this would reduce production costs and make fertilisers more competitive as GST-related issues are ...

GST revision reduces coal prices by ₹260/tonne for the power sector, enhancing competitiveness and lowering generation costs.