GST reforms: Prime Minister Narendra Modi in an address to the country yesterday, asserted that the goods and services tax (GST) reforms coming into effect today, on September 22, will “accelerate ...

Impact of reduction in GST on imports is broadly seen as an attempt to ease cost pressures across critical sectors. The two-slab Goods and Services Tax (GST) structure that sets in tomorrow (September ...

Mr. Modi spoke on how the restructed GST rate will make everyday items cheaper, thereby positively affecting the lives of the poor, middle and new middle class. He also re-iterated the need for ...

The GST Council has approved a revised two-tier rate structure, reducing the slabs to 5% and 18%, effective September 22. Consumer electronics like TVs, air conditioners, and dishwashers will see a ...

Union Finance Minister Nirmala Sitharaman on Wednesday announced a major policy shift: individual life and health insurance policies will now be fully exempt from Goods and Services Tax (GST). Termed ...

The "next-gen GST reforms" are aimed at boosting domestic demand in the face of economic headwinds from the Trump 2.0 administration's harsh US tariffs. The panel -- chaired by the finance minister, ...

The taxpayer shall implement the GST accounting and compliance for filing annual returns henceforth. Under India Accounting Standards (IND AS), the taxpayer shall incorporate the excise duty in ...