Input tax credit must not be obtained in respect of the following, namely:… (h) goods lost, stolen, destroyed, written off or ...

Security deposits taken by landlords while renting immovable property are not considered taxable unless they are adjusted as ...

(Image/Reuters) The GST Council’s clarification on the taxing process of Preferential Location Charges (PLC) may have brought relief to homebuyers, but questions of its retrospective ...

The GST Council is set to discuss reducing the high GST on health and life insurance policies. While there's consensus on ...

The Council approved a reduction in the GST rate on three cancer drugs — Trastuzumab Deruxtecan, Osimertinib and Durvalumab — from 12% to 5%, and a hike in the levy on car seat covers to 28% ...

The GST Council is preparing to debate lower taxes on health and life insurance, but states worry about revenue loss. The meeting will also cover online gaming and GST clarifications for branches.

Starting this September, taxpayers in India may need to adjust their GST return filing practices due to upcoming changes that could affect compliance and financial reporting. These updates include ...

The GST Council, led by Finance Minister Nirmala Sitharaman, has decided to exempt research funding for higher educational institutions and research centres from GST. This decision, prompted by ...

But from a public health perspective, the high GST rate on health cover is a problematic proposition as the government has committed to achieving universal health coverage (UHC) that calls for ...

the Council approved a GST rate reduction for three cancer drugs — Trastuzumab Deruxtecan, Osimertinib and Durvalumab — from 12% to 5%. It also agreed to a hike in the levy on car seat covers ...