The GST Council’s decision to eliminate the 12% slab was implemented to create a two-rate structure for garments. The key takeaway is a higher rate for premium apparel and wider relief for ...

Higher thresholds, quarterly returns, waived registrations, and faster approvals were introduced to ease MSME compliance. The ruling stresses simplification as a tool for economic ...

A crackdown on tax fraud has uncovered hundreds of bogus GST registrations, with forged identities leading to over Rs 3,000 ...

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that Goods and Services Tax (GST) collected by a ...

GST rates: The Group of Ministers (GoM) on GST rate rationalization has put forth a proposal to increase the tax rate on sin goods, such as aerated beverages, cigarettes, tobacco, and related products ...

The deadline to file GSTR-9 and GSTR 9-C is scheduled to be 31 December 2025, according to the Goods and Services Tax (GST) ...

The FMCG sector is observing the effects of recent GST rate reductions. Consumers initially focused on larger purchases like ...

GST Council Meeting Highlights: The 56th GST Council meeting, led by Finance Minister Nirmala Sitharaman, on September 3 approved the two-tier structure — 5 per cent and 18 per cent, and special tax ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Pexels The Goods and Services Tax (GST ...

The government identified 489 fake GST registrations linked to forged PAN and Aadhaar, resulting in over ₹3,000 crore tax ...

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, P.L. 111-312 (2010 Tax Act), which President Obama signed into law on December 17, 2010, made significant changes ...