GST is a destination-based tax as compared to the present principle of origin-based taxation. GST is a destination-based tax as compared to the present principle of origin-based taxation. The change ...

The loss of input tax credit after GST on life and health insurance was cut to nil is expected to pressure life insurers' ...

A ministerial panel chaired by Bihar deputy chief minister Sushil Modi has worked out a new simplified model for goods and services tax (GST) return filing as per which input tax credit could be given ...

The GST Council will provide clarity on input tax credit for life insurers, following a demand on Life Insurance Corporation (LIC). The issue arises from the complication of GST being levied on only a ...

Starting April 1, a significant change is imminent in the GST system with the enforcement of the Input Service Distributor (ISD) mechanism. This mandatory alteration is designed to ensure that state ...

The GST Council is expected to take a major decision on the issue of GST on hotels and restaurants, Sharma said adding that the levy could go up from 5 percent now to 12 percent or 18 percent. It ...

The Court accepted that stereo systems installed in e-rickshaws qualify as inputs used in the course of business. Refund of unutilised ITC under the inverted duty structure was ...