In a landmark decision, the GST Council has approved sweeping tax rate cuts that will take effect from September 22, coinciding with the first day of Navratri. Union Finance Minister Nirmala ...

Japanese automaker Honda has announced up to nearly Rs 19,000 benefits on its motorcycles and scooters, passing on the full benefit of the revised GST rates to customers. The company's announcement ...

Currently, all types of health and life insurance policies are subject to an 18 per cent GST. Before the implementation of GST in 2017, insurance premiums garnered a 15 per cent service tax, which ...

1. Five percent GST will be applicable on pre-packed, labeled food items including atta, paneer, and curd, as well on hospital rooms with rent above ₹5,000. Meanwhile, an 18 percent GST will be levied ...

Implemented in 2017, India’s GST system unified taxation and enhanced transparency. To verify a GST bill’s authenticity, consumers must check the GSTIN, invoice number and date, invoice value and tax ...

A GST invoice is generated by a supplier or seller of goods and services to the buyer. The document contains purchase information and details of the supplier and buyer. According to a circular issued ...

The Goods and Services Tax (GST) Council on Wednesday, 3 September, approved wide-ranging reforms designed to simplify the tax regime and reduce the burden on citizens and businesses. At its 56th ...