The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces ...

Currently, the brokerage paid by foreign funds is considered ‘export services’ under GST rules. “Clause (b) of sub-section (8 ...

India's GST system saw a significant update on September 22, 2025, with the launch of GST 2.0. The GST Council approved these changes during its 56th meeting, aiming to simplify tax rates and reduce ...

GST 2.0 Rates Highlights: The new Goods and Services Tax (GST) rates have come into effect today, with a plethora of household items, cars, bikes, and TVs, among others, becoming cheaper. The changes, ...

Effective September 22, 2025, the Modi government's GST 2.0 simplifies taxation with two slabs (5% and 18%), benefiting households, businesses, and farmers. Essentials become cheaper, life insurance ...

While prices of cigarettes and other tobacco products, such as Gutkha, are set to rise after the GST reforms announced yesterday, the humble bidi will see a marginal drop in prices. The GST on bidis, ...

GST Reforms: The GST Council, chaired by Finance Minister Nirmala Sitharaman, on Wednesday approved GST rate cut on a total of 396 items benefitting the common man. The GST Council meeting that began ...

India's revised GST rates, effective September 22, are set to reshape travel and tourism. Budget hotel stays, with tariffs up to INR 7,500, will now be taxed at 5%, down from 12%. Economy-class air ...

The great Indian GST (Goods and Services Tax) reset is now underway. From September 22, Goods and services will either be GST-exempt or attract tax at the rate of 5 percent, 18 percent, and 40 percent ...

The Indian government on Wednesday announced a rate cut for the Goods and Services Tax (GST) on hundreds of goods, ranging from cars, washing machines, to small consumer goods like toothbrushes and ...