Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust ...
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 ...
With GST entering a consolidation phase in 2026, experts argue that fine-tuning through inverted duty structure correction, ...
The Goods and Services Tax (GST) Council on Wednesday, 3 September, approved wide-ranging reforms designed to simplify the tax regime and reduce the burden on citizens and businesses. At its 56th ...
India's GST system saw a significant update on September 22, 2025, with the launch of GST 2.0. The GST Council approved these changes during its 56th meeting, aiming to simplify tax rates and reduce ...
The GST Council on Wednesday announced major rate cuts, making several stationery items tax-free. The list includes maps, hydrographic charts, atlases, wall maps, topographical plans, globes, pencil ...
The affidavit filed through the Ministry of Finance on January 4 opposes a PIL by practising advocate Kapil Madan. It seeks ...
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