An overhaul of compliance procedures and a targeted rate cut on mobile phones take centre stage as the GST Council prepares to meet on September 12 after a 374-day hiatus. While the council’s previous ...

Pharmaceuticals, textiles, footwear, fertilisers, renewable energy, and electric vehicles face input tax credit accumulation ...

GSTAT Kolkata upheld inverted duty ITC refund where packing materials attracted higher GST than packaged tea and dismissed ...

The GST Council is set to focus on easing compliance, resolving inverted duty structure concerns and reviewing tax-related bottlenecks, while a possible reduction in GST on mobile phones is also ...

New Delhi: The inverted duty structure resulting from rate changes under the Goods and Services Tax (GST) 2.0 regime is hurting companies especially in the FMCG and over-the-counter (OTC) pharma ...

The upcoming GST Council session is expected to take up pending questions around input tax credit, accumulated credits under the inverted duty structure, refunds and compliance.

MUMBAI (ICIS)–India expects its goods and services tax (GST) reforms to rev up domestic consumption amid challenges posed by hefty US tariffs on the country’s exports. Inverted tax structure remains ...

The 56 th meeting of the GST Council, held in New Delhi under the chairpersonship of the Union Finance & Corporate Affairs Minister Nirmala Sitharaman, has announced rationalisation of the current ...