Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...

A new Budget amendment necessitates suppliers to ensure buyers reverse input tax credits (ITC) before claiming adjustments ...

The government’s Viksit Bharat vision is reflected in the Union Budget with a persistent focus on ‘Make in India’, export ...

The budget enhances economic pillars, boosting infrastructure, manufacturing, exports, and consumer spending. Tax cuts return ...

In terms of GST-specific amendments, Budget 2025 also focused on pre-deposit amounts for GST appeals, reducing penalties for E-way bill violations and introducing a 10% penalty for other infractions.

Against the backdrop of a Supreme Court ruling related to input tax credit, the government has mooted substituting the word ...

A retrospective amendment to the CGST law concerning 'plant or machinery' could negatively impact real estate companies ...

With the Union Budget 2025, India's Quick Service Restaurant (QSR) sector is voicing its concerns and expectations.

Finance Minister Nirmala Sitharaman on Saturday announced changes in the Goods and Services Tax (GST) laws under the Union Budget 2025-26 in a bid to ensure trade facilitation.

Finance Minister Nirmala Sitharaman is set to present Union Budget 2025-26 tomorrow i.e. February 1 (Saturday). Ahead of that ...