GST Council Meeting reduced rates on over 100 goods to correct Inverted Duty Structure (IDS), aiming to cut ITC refunds and propose 90% provisional refunds for faster cash ...
From Nov 1, firms facing an IDS will get 90% refunds upfront. Here's all you need to know about inverted duty structure & changes made during the 56th GST Council meet ...
Paid your multi-year insurance premium ahead of time? Don’t expect a GST refund—even though the tax on life and health insurance drops to 0% starting September 22. The GST cut on individual health and ...
Some insurers are now letting customers start their policy coverage from September 22, even if the policy was purchased earlier. This allows buyers to lock in the same terms while taking advantage of ...
New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...
With the GST exemption on retail health and life insurance policies, many policyholders are weighing their options. Should ...
Tractor and fertilizer companies are requesting quicker GST refunds due to tax rate cuts effective 22 September, which will ...
The focus has been on GST slab rate rejig. Unnoticed is the forthcoming shift to AI-assisted, risk-based refund processing system which cuts down human intervention and prioritises trust. The outcome ...