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. The introduction of GST brought about ...

Many taxpayers wrongly assume paying GST on sale value is sufficient when selling capital goods. The law requires comparing reduced ITC with transaction tax, and failure leads to tax demands and ...

Mumbai: After the insurance industry lost input tax credit benefits from the recent goods and services tax (GST) exemption, the sector's intermediaries are drumming up support for a ‘zero-rate’ tax ...

Two months after the government reduced GST on solar modules from 12 percent to 5 percent, developers say the relief has been minimal, because, in practice, the lower rate has limited their ability to ...

Prime Minister Narendra Modi had announced a two-slab GST structure that could help rev up consumption and streamline indirect taxation, in a move that could be the most significant overhaul of the ...

GST is a destination-based value-added tax on final consumption, it is not meant to be a tax on production or investment. India faces a paradox today. Its GDP growth is among the fastest in the world, ...