The dispute arose due to mechanical application of Rule 86B by tax authorities. It was held that satisfying exception ...
Running a small business today is not just about sales and operations. You also need to stay on top of tax rules. Two of the ...
The law permits refund of input tax credit on exports due to their zero-rated nature. The discussion clarifies refund ...
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GST exemption on insurance: Why Input Tax Credit loss worries insurers and what it means for your policy cost
The government’s decision to exempt health and life insurance premiums from the 18 per cent Goods and Services Tax (GST), effective September 22, 2025, has been welcomed as a big step toward ...
GST is a destination-based value-added tax on final consumption, it is not meant to be a tax on production or investment. India faces a paradox today. Its GDP growth is among the fastest in the world, ...
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GST reform urgency: India must mend the chain of input tax credit that’s holding its economy back
India’s GST is failing to act as a tax on value addition, since its credit system has got bent out of shape. Cascades don’t ...
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