From April 2025, hotels designated as 'specified premises' will charge an 18% GST on meals, affecting dining costs and events ...

Hotels not in the specified premises category have the option to either impose the tax or continue with the 5 per cent GST on ...

For restaurant services supplied outside specified premises, a GST rate of 5% will be applicable without input tax credit.

The Supreme Court of India has directed the revenue authorities to allow taxpayers to rectify bonafide errors in the GST returns leading to allowance of input tax credit. The right to correct mistakes ...

Denying input tax credit due to procedural lapses, when the tax itself has been paid, not only causes double taxation but ...

Claiming GST credit on gadgets like iPhones may sound like a smooth strategy, but the devil lies in the details ...

BENGALURU: The Ministry of Finance & Corporate Affairs has sought to clear the confusion among apartment owners and resident ...

In a renewed crackdown on tax evasion, the income tax department has begun re-examining several previously concluded assessment cases. These cases are largely focused on businesses suspected of having ...

GST revenue triples in less than 8 years, with increased detection of fake invoices and plans for rate rationalization.