A ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy ...

The Supreme Court ruling allowing ITC on leased properties faces uncertainty with a retrospective amendment proposed in the ...

The review petition filed by the Finance Ministry is expected to come for hearing by end of February, when the apex court may ...

In a general procedure hearing that was later moved under the informal procedure rules and rendered on December 17, 2024, the ...

It may be noted that GST rate on hotel accommodation depends on the amount paid per room accommodation per day. Presently from 18.7.2022 onwards, GST is 12% for a room in a hotel which would cost upto ...

Availability of ITC on construction costs has been restricted retroactively from July 1, 2017, impacting commercial real ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.

GST authorities have imposed penalties totaling Rs 115.86 crore on IndiGo for not recognizing certain services as 'export of ...

Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

In the 2023-24 fiscal year, CGST officials detected GST evasion of ₹2.30 lakh crore in 20,582 cases. This resulted in the recovery of ₹31,758 crore and the arrest of 223 people. In the 2022-23 and ...