Starting September 22, 2025, individual health and life insurance premiums are GST-exempt, but insurers have lost their ITC eligibility on operational services like brokerage and commissions, except ...
Section 16(2)(c) of the CGST Act makes Input Tax Credit (ITC) conditional on the supplier actually paying the tax to the government. Judicial precedents from High Courts emphasize that a buyer’s bona ...
This article examines advanced and practical challenges with the GST Input Service Distributor (ISD) mechanism, covering issues from expense identification to ITC eligibility and procedural ...
A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow ...
Since the announcement of GST, there is a constant tussle going on between GST pros and others on its effects on the economic ...
GSTN has announced major changes to the Invoice Management System (IMS) effective October 2025. Key updates include pending ...
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