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

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

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

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 ...

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

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 ...

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

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

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