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.

Jaisalmer: From reducing the GST rate on fortified rice kernel (FRK) to fully exempt GST on gene therapy, the 55th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, on ...

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GST Council: The country and the world are keeping a special eye on this meeting which is being held ahead of time. Because after PM Modi's announcement of GST reform, steps will be taken in that ...

GST reforms announced by the GST Council to boost domestic consumption, counter U.S. tariffs, and sustain India's growth.

Furniture is an essential item like roti, kapda, makaan because anyone who buys a house needs to spend on furniture. It is to ...

The move follows the GST rate cuts announced in September and is aimed at resolving a persistent distortion in the tax system ...

First India urges the Finance Ministry to clarify GST treatment for logistics and local delivery services amid confusion ...

Before the introduction of Goods and Services Tax (“GST”), the Centre and the States used to levy various indirect taxes such ...