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

The DIN under GST is a 20-digit unique code assigned to official communications sent by tax authorities to registered ...

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

Stakeholders also seek a lowering of import duty on medical equipment and policies that encourage R&D in advanced ...

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

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

Insurtech leaders have called for GST cuts on health insurance premiums to below 12 percent to make them more affordable ...

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

In Panacea Biotec Limited Vs Union of India & Ors., the Bombay High Court addressed the issue of whether GST can be levied on a Deed of Assignment, involving the transfer of land and a building ...

The healthcare sector demands that the government decide to abolish GST on medical insurance and import duty on life-saving ...