The GST reform holds immense potential to bolster India's MSME sector, but its current framework requires critical ...

GST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such ...

The RBI in its circular had directed regulated entities to replace "penal interest" with "penal charges" for borrowers who fail to comply with loan terms ...

2. Applicability of GST on penal charges being levied by the Regulated Entities (REs) in view of RBI instructions dated 18.08 ...

The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...

The petitioner argued that the three reminder notices were not served by tender or RPAD. Instead, they were only uploaded on ...

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that GST will not be applicable on penal charges levied ...

FOPE expects rationalization of GST rates for pharma in Union Budget 2025: Nandita Vijayasimha, Bengaluru Tuesday, January 28, 2025, 08:00 Hrs [IST] The Federation of Pharma Entre ...

As we near Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025, stakeholders share their wishlist ...

Students urge for GST relief, better infrastructure, and support for the middle class in Union Budget 2025 to enhance ...

A simplified GST system that provides MSMEs with ease of doing business is one of the main demands from the Union budget from the industries in Coimbatore region.

As the Union Budget 2025 approaches, the buzz around major economic reforms is louder than ever! Will the government ease the ...