GST notices are issued by the Goods and Services Tax (GST ... receipts, invoices, bank statements, etc.) Ensure your reply is clear, concise, and compliant with the instructions mentioned in the ...

It seeks to resolve the issue of businesses not getting tax credits because of either the seller not uploading the invoice in the GST portal or entering wrong details. “IMS will be made ...

CNG two-wheelers currently attract 28% GST, which the heavy industries wants to be reduced to an ‘appropriate level’. This indirect tax system has grown far too complex. A GST regime with ...

The exemption is the gift and estate tax lifetime exemption. The GST Tax Exemption GSTs still serve as tools for high-net-worth individuals to transfer wealth at a lower tax rate even with the ...

A tax invoice is a crucial document issued by a registered supplier under GST regulations. As per Rule 46 of the CGST and SGST Rules, it must include specific details to ensure transparency and ...

Such entry was omitted by the 101 st Constitutional Amendment Act thereby subsuming the same under GST. As a result, the Entry tax stood repealed under Section 174(1) of the Haryana SGST Act and per ...

Chairman & MD, BajajCapital. The current Goods and Services Tax (GST) rate of 18% on insurance premiums is a major barrier, particularly for low-income groups. High premiums, compounded by GST ...

The CPI results were heavily influenced by the start of the two-month break on the GST and the harmonized sales tax on Dec. 14 for certain items, including restaurant meals, alcoholic beverages ...

The GST Council's GoM has yet to submit its final report on the proposed changes. After delivering significant relief to the middle class on personal income tax and customs tariff rationalisation, the ...

it would be good to see the Union Budget’s focus on easing indirect tax compliance through simplified GST processes, digitized Customs systems and rationalized tariff structures. Though measures ...

This affects real estate developers by reinstating tax demands and could lead to increased compliance burdens and litigation in the sector. The government’s proposal to amend the Finance Bill 2025 ...