Frequent regulatory changes, full automation under GST making compliance difficult and expansive for taxpayers
The Central Board of Indirect Taxes and Customs (CBIC) has introduced key mechanisms to automate compliance under the GST ...
The Financial Express13h
Centre rethinks on GST waiver for insurance
The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...
India News Today Live: Big Brother watching: Optional GST invoice reconciliation to be made mandatory
Get the latest updates on the most important stories from across the nation. From political developments and economic trends ...
Gems, jewellery industry urges govt to reduce GST to 1.25% on bullion, ornaments
The gems and jewellery industry on Thursday urged the government to rationalise the Goods and Services Tax on bullion and ...
Tax Guru22h
GST Rates & ITC on Hotel Accommodation & Restaurant Services
It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...
devdiscourse2d
GST Reform: Steps Towards Fewer, Lower Tax Rates
The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...
Life insurers oppose GST exemption on term insurance, flag input tax credit concerns
Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be passed on to the consumers, negating the intended benefit of exemption ...
IndiGo Parent Hit With ₹116 Crore GST Demand; Airline Contests Order
According to a recent exchange filing, IndiGo’s parent firm, InterGlobe Aviation, has received demand orders for goods and services tax (GST) of ₹116 crore. The airline is challenging these rulings in ...