March 2025 is crucial for GST compliance, requiring businesses to complete 16 key actions. These include reconciling outward ...

This reduction rather than a complete waiver in GST on gross insurance premium will be beneficial for both policyholders as ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

In a significant ruling that promises ease of compliance to taxpayers under the goods and services tax, the Supreme Court has ...

Under the revised framework, “specified premises” refer to hotels or properties where the per-night room rate exceeded ₹7,500 in the previous financial year.

The Input Tax Credit (ITC) allows you to claim credit for the GST paid on business-related purchases. Whether it is raw ...

The PAC said the inconsistencies highlight serious inefficiencies in the GST system's data validation and reconciliation ...

Option of 5% GST without ITC or 18% with ITC to be applicable on restaurant services provided at non-specified premises, ...

Hotels with room rents exceeding INR7,500 per day at any point during a financial year will be categorized as “specified ...

CBIC clarifies GST on restaurant services in hotels with room rent exceeding Rs 7,500/day. Learn about the new rules, ...

Hotels charging room rent above Rs 7,500 a day will be considered 'specified premises' from April 1, 2025. Restaurant ...

Bengaluru, detected GST evasion by a lead ingot manufacturer and arrested its director. The accused entity, in collusion with ...