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 ...

Insurers face higher operating costs, and distributors face lower earnings, highlighting the unintended consequences of a ...

As part of a broader overhaul of the GST framework, the government is reportedly considering a sharp reduction in tax on insurance premiums. A steep cut in the goods and services tax (GST) on health ...

A GST rate cut to 0% would impact retail-focused standalone health insurers the most. India’s life and health insurers say a full GST exemption on premiums would force them to pass the 18% tax on ...

Kolkata: The government's recent circular has brought clarity on trade discounts and credit notes under the GST regime, but has shifted compliance obligation and cash-flow pressure onto FMCG ...

The CBIC also clarified that hotels supplying units of accommodation which have value less than or equal to Rs 7,500 per unit per day, shall not be able to avail ITC on such units, as the GST rate for ...

The Fertilizer Association of India (FAI) has urged the Centre to bring Goods and Services Tax (GST) rate on ammonia and sulphuric acid, which are key raw materials in the production of di-ammonium ...

The recent announcement of the GST reform package will have a significant impact on the Indian economy, including the agriculture and allied sectors. Reducing the GST rates on farm machinery and ...

Fertilisers industry body FAI has demanded lowering of GST rates on raw materials like ammonia and sulphuric acid to 5 % as well as a refund of accumulated input tax credit to the manufacturers. A ...