To help businesses, professionals, and consumers navigate this transition, here’s a complete FAQ on the revised GST rates, with clear answers on exemptions, ITC treatment, invoicing, and compliance ...

How to check the GST rates for various items using the revised GST table published by the Central Board of Indirect Taxes.

Practical guide to responding to GST notices for ITC reversal. Covers Sections 16/17, Rule 37, 18% interest under Sec 50(3), and payment via DRC-03 for wrongly utilized ...

Meanwhile, insurance companies have found a way to offset their ITC losses. They are now reducing brokerage and commission ...

One of the biggest changes is the introduction of a 40% tax, which will be applied to sin goods, beverage and several other ...

Starting September 22, 2025, individual health and life insurance premiums are GST-exempt, but insurers have lost their ITC ...

While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental ...

HRAWI urges GST reforms proposing 5 per cent GST with 50 per cent ITC or 18 per cent GST with full ITC on hotel rooms under ...

Gujarat AAAR rules that companies cannot claim GST Input Tax Credit (ITC) on share buyback expenses, as securities are ...

Non-cigarette product prices set to be revised nationwide following government’s GST rationalisation, reaching millions of outlets ...

As they pass on the Goods and Services Tax (GST) benefit to policyholders, private life insurers appear to have shifted the ...