Inverted duties refer to situations where raw materials are taxed more than the final product, skewing prices, straining working capital, and pulling businesses into protracted refund battles.
The move follows the GST rate cuts announced in September and is aimed at resolving a persistent distortion in the tax system ...
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GST Council Meeting Underway: What's on the agenda and why is THIS meeting so special? DETAILS
The 56th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman and attended by state finance ministers, held on Wednesday. GST Council is deliberating on state governments' concerns ...
Furniture is an essential item like roti, kapda, makaan because anyone who buys a house needs to spend on furniture. It is to ...
Before the introduction of Goods and Services Tax (“GST”), the Centre and the States used to levy various indirect taxes such ...
The Madhya Pradesh High Court has dismissed writ petition by a builder seeking reimbursement or refund of differential 6% GST ...
First India urges the Finance Ministry to clarify GST treatment for logistics and local delivery services amid confusion ...
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