Tax Guru

Next-Gen GST: Export Refunds at the Crossroads

Understand the implications of India's new GST rate changes on export refunds. Learn about the challenges faced by exporters, ...
Tax Guru

GST Council Rate Cuts Reduce Inverted Duty Structure Refunds

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 ...
Business Today

Paneer to all varieties of Indian bread will attract nil GST: Nirmala Sitharaman on 2-slab GST structure

The Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, has approved significant changes to the GST rate structure aimed at simplifying compliance, ...
The Financial Express

Businesses fear input tax credits pile-up; litigation may rise, say analysts

In education, service-related costs feeding into exempt notebooks leave manufacturers with unrecoverable taxes that blunt the intended relief. The move to reduce the Goods and Services Tax (GST) rate ...
Indiatimes

GST refunds: Delhi CM Rekha Gupta says Rs 1,600 crore dues to be cleared before Diwali; traders to gain liquidity boost

Delhi Chief Minister Rekha Gupta announced that pending GST refunds of approximately Rs 1,600 crore will be released to traders before Diwali. This decision aims to enable traders to celebrate the ...
The New Indian Express

Nearly Rs 1,600 crore GST refunds to be cleared before Diwali, says CM Rekha Gupta

NEW DELHI: Nearly Rs 1,600 crore in GST refunds, pending since 2019, will be released before Diwali, enabling traders to celebrate the festival with greater joy and prosperity, Chief Minister Rekha ...
Mid Day

Experts hail GST revamp, say it puts ‘good’ in tax

The GST Council on Wednesday cleared sweeping changes to the indirect tax regime, approving an overhaul of rates by limiting slabs to 5 per cent and 18 per cent effective from September 22, the first ...
Indiatimes

GST 2.0: How this is going to impact the pouch milk prices

The GST Council's recent tax cuts, approved on September 3rd, have sparked confusion regarding milk prices. While Ultra-High Temperature (UHT) milk will see a price reduction due to a GST rate cut ...
rediff.com

Patients to benefit from GST cut, but pharma firms may face margin pressure

The rationalisation of goods and services tax (GST), announced on Wednesday, directly lowers the cost of everyday medical consumables, and also high-end therapies in oncology and rare diseases, ...
moneycontrol.com

GST exemption on health and life insurance: Will premiums actually become cheaper?

In a landmark move, the GST Council has exempted health and life insurance premiums from the GST levy. The step is aimed at making insurance products more affordable and improving penetration in India ...
Business Today

GST changes: Policyholders gain on nil GST, insurers worry over input tax credit loss

In a landmark decision, the Goods and Services Tax (GST) Council has scrapped GST on all individual health and life insurance policies. Effective from September 22, the exemption applies to term life, ...