With a focus on simplifying the indirect tax regime and addressing anomalies in the existing Goods and Services Tax (GST) ...

Since its introduction in 2017, India's Goods and Services Tax (GST) was envisioned as a transformative step towards a unified and transparent taxation system. However, over the years, it has morphed ...

Certain conditions must be satisfied before and after claiming the credit to remain compliant with the GST regime ... due to an inverted duty structure, where the tax paid on inputs is higher ...

"Tax has been there on medical insurance even before GST was introduced. There was already a Service Tax on medical insurance, before the GST was introduced. This is not a new tax, it was already ...

The GST rate rationalisation GoM report, which has suggested rate tweaks in 148 items, was not tabled before the Council ... Currently, GST is a four-tier tax structure with slabs at 5, 12 ...

While the majority of inputs required for producing ATF are covered under the GST regime, ATF itself is excluded, which results in an inefficiency in the tax structure. Currently, ATF and ...

The inclusion of natural gas under GST, expected to be deliberated in the GST Council’s meeting on December 21, could simplify this tax structure. Uniform Tax Structure: Under GST, natural gas will ...