The law now permits deduction of post-supply discounts even if decided later. This eases commercial flexibility and reduces ...
From February 1, 2026, smokers and pan masala consumers across India are facing a sharp increase in prices following a sweeping revamp of the government’s taxation policy on so-called “sin goods.” The ...
Currently, the brokerage paid by foreign funds is considered ‘export services’ under GST rules. “Clause (b) of sub-section (8 ...
The recently announced Canada Groceries and Essentials Benefit will cost an estimated $12.4 billion over six years, according to the Parliamentary Budget Officer.
Gross GST collections rose 6.2% to ₹1.93 lakh crore in January, driven by higher import revenues and reduced refunds.
This article explains the role and powers of the GST Council in shaping tax policy. It highlights how its decisions directly affect prices, compliance, and ...
GST tax rates on common use items ranging from hair oil to corn flakes, TVs, and personal health and life insurance policies were slashed after the all-powerful GST Council on Wednesday approved a ...
Despite revenue pressures caused by the Centre's GST 2.0 rate rationalisation, Punjab has recorded a strong rise in GST collections in January 2026, signalling improved compliance, focused enforcement ...
In a few cases, the GST line may be nil or even negative, such as when a policy is cancelled, adjusted, or refunded, and a ...
Use a GST calculator to prepare accurate financials before applying for a business loan. Gain GST clarity to manage cash flow ...