A large share of Goods and Services Tax (GST) disputes in India do not stem from non-payment of tax but from incorrect interpretation of GST notifications, according to chartered accountant Nitin ...
Clarifies that a GST notice is not an adjudication but the start of a legal process. The takeaway is to respond calmly with facts and law, not ...
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 ...
India's GST collections softened in November 2025 due to the rationalisation move that reduced the indirect tax of hundreds of items. GST collections are up 8.9% annually at ₹14,75,488 crore in the ...
GST reforms 2025: The GST Council, in its 56th meeting, announced that key educational stationery items, including notebooks, pencils, maps, and globes, will now attract 0% GST, down from 12%. These ...
As the US tariffs kick in and impact India’s trade with its largest export destination, the Goods and Services Tax (GST) Council took a timely decision to lower GST rates for a considerable number of ...
To make India’s tax system simple and transparent, the government has announced historic reforms in the 56th GST Council meeting. The four tax slabs applicable till now have been reduced to only two ...