Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust ...

The government rolled out GST 2.0 to rationalise rate slabs and address long-standing structural issues. The key takeaway is ...

The Goods and Services Tax (GST) in India is an indirect tax that has replaced many previous indirect taxes such as excise duty, VAT, and service tax. GST is levied on the supply of goods and services ...

Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are considered indirect taxes since the ...

NEW DELHI, August 19 - Prime Minister Narendra Modi has proposed India's biggest tax reform in eight years to lower consumption levies on everyday goods and small cars from October, in a move seen as ...

Goods and Service Tax or GST collections for December 2025 came at Rs.1,74,550 crores, marking a modest rise of 2.52% on month. The GST collections for December 2025 have ...

It would be terrible to reintroduce GST, and if it is in the BN manifesto the coalition will lose public support even if it ...