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 ...

In anticipation of Union Budget 2025, students voice their expectations for progressive reforms. Key demands include improved ...

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

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

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 ...

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

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.

The standing counsel for the department acknowledged the procedural error, citing limitations in the GST portal’s design.

The Orissa High Court addressed a petition challenging the cancellation of GST registration under the Odisha Goods and ...

The action was reportedly linked to alleged discrepancies between records available on the GST portal and those furnished by the company. Shares of Grasim Industries Ltd ended at ₹2,410.50, down by ...

The last year has been truly an instrumental year in shaping the GST landscape. Notably, three back-to-back GST Council meetings were held, each serving as a platform for critical decisions aimed ...