The government's retrospective amendment to the Finance Bill 2025 overrides the Supreme Court's ruling from October 2024, ...

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

The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) on penal ...

BENGALURU: Goods and Services Tax (GST) is crucial for revenue collection, compliance, and economic growth. The Finance Bill ...

This means on or before February 11, 2025 when you file GSTR-1 the specified new rules ... for GST registered persons. Here's a summary of what they said: Buyer's input tax credit will now be ...

Input Service Distribution or ISD in not a new concept in India, its familiarity dates back to the Service Tax Era. The Service Tax law upheld the principle that credits relating to any input service ...

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 ...

Also, 5-star hotels with room tariff of ₹7500 or more can levy 5 per cent GST in restaurants located insider their premise, but only without claiming Input Tax Credit (ITC) While, the new ...

Popcorn at the movies, second-hand cars, and even pre-packed snacks - GST in India has sparked endless debates. However, the ...

Finance Minister Nirmala Sitharaman on Saturday announced changes in the Goods and Services Tax (GST) laws under the Union ...

As Union Budget 2025 approaches, real estate stakeholders are urging the government to introduce key reforms, particularly in ...