Far from a grand bargain, the GST is an imperfect compromise constrained by a political culture with a limited commitment to ...
Prime Minister Narendra Modi-led NDA government's next-generation GST reforms come into effect on Monday, September 22, marking the launch of GST 2.0. The GST 2.0 overhaul aims to simplify taxation ...
GST 2.0 (Sept 2025) maintains 18% tax on most AMC management, advisory, and mutual fund services. Securities remain exempt. New rules require ITC reversal for inputs related to newly exempted supplies ...
GST Council reduced GST on 33 lifesaving drugs to nil, cut tax on medical devices to 5%, and simplified the slab structure to 5% and 18% with 40% for luxury items ...
Recent GST changes simplify post-sale discounts via Credit Notes, mandate invoice-wise TDS reporting in GSTR-7, impose a 3-year limit on filing old returns, and introduce electronic filing for GSTAT ...
Sanjeev Sanyal explained GST as taxing each stage of production, not just the final product GST prevents cascading tax by spreading tax burden evenly across the supply chain, he said From September 22 ...
Prime Minister Modi accused the Congress of negating central GST rate cuts by imposing new state taxes, citing Himachal Pradesh's cement tax as an exa ...