The government recently introduced one of the biggest changes to the GST framework since its 2017 launch. Effective September ...

Policyholders will pay no GST on health and life premiums from September 22, but insurers lose the ability to claim tax credit on expenses like commissions, rent and software, raising their operating ...

The GST Council has retained the special composition scheme for bricks under GST 2.0, keeping the levy at 6 per cent without ITC and 12 per cent with ITC, with a Rs 20 lakh threshold ...

The recent GST reforms have been a mixed bag for India's MSMEs, easing some compliances but also adding to their burden by ...

The removal of GST on insurance premiums is expected to significantly erode PB Fintech’s commission revenues, which will put ...

Health and life insurance premiums no longer attract 18% GST, making policies cheaper. While policyholders will immediately benefit, experts warn insurers may hike premiums by 3–5% in the long run due ...

"Where such margin is negative, no GST is payable," a source said. For example, if a registered person is selling an old and used vehicle to any person at Rs 10 lakh, where the purchase price of the ...

IMF predicts India's GST reforms will boost demand, mitigating the impact of US tariffs on economic growth and inflation.

The Bombay Chartered Accountant Society has urged the finance minister to extend the GSTR-3B filing deadline. This request ...