Overview: New GST amendments bring changes in compliance and reporting rules.Small businesses benefit from simplified filing processes.Taxpayers must adapt to d ...

The launch of the Goods and Services Tax (GST) was always regarded as ambitious, and yet patient and incremental. The GST ...

The need for reform in the GST has been underlined by industry, small businesses and political parties time and again. Congress leader Rahul Gandhi has often used the complexity of GST and termed it ...

It is important that the new reforms not only deliver lower published rates but also inform us transparently about the impact of GST on our cost of living. A Good and Simple Tax that's "simpler, more ...

Learn if a GST rate reduction requires ITC reversal under Section 18(4) of the CGST Act. This article clarifies that ITC reversal is not needed for reduced tax ...

On 79th Independence Day, the Ministry of Finance announced that the government is planning to move towards a 'simple tax' regime to rationalise the existing goods and services tax (GST) rates. The ...

For you, and your finances, the impact may not be immediately apparent. Instead, you may find that you have more money at the ...

The demand came following Prime Minister Narendra Modi’s Independence Day announcement that GST rates will be lowered by Diwali, amid the opposition calling it 'Gabbar Singh Tax'.