The GST Council has introduced a significant procedural change in the GSTR-9 Annual Return for FY 2024–25, aimed at improving accuracy and reducing ambiguity in Input Tax Credit (ITC) disclosures. The ...

The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. Illustration: Dominic Xavier/Rediff ...

Saying that financial reporting is the beating heart of a business is a gross understatement, if there ever was one. The records, which offer an in-depth look at the company’s cash flow, earnings and ...

New Delhi, Sep 19: The recent Goods and Services Tax (GST) rationalisation will not have a significant fiscal burden on the government, a Crisil report has said. The government has estimated a net ...

The 54th meeting of the Goods and Services Tax (GST) Council, under the leadership of FM Nirmala Sitharaman, is all set to begin on Monday. The council this time will discuss several issues that could ...

The central government’s revenue loss from the recent GST rate cuts is projected to be only around Rs 3,700 crore in FY26, cushioned by stronger consumption and higher tax collections, according to a ...

The Finance Ministry has notified a health and national security cess on pan masala manufacturing, on top of the highest 40% ...

The report notes that demand sustained post festive season, which led to reduction in inventory days to 44 to 46 days at the ...

The report said that although GST rationalisation is expected to result in revenue deflation, the government's path to fiscal consolidation is still achievable. It estimates the fiscal deficit for ...

The recent changes in GST rules for the food services sector are expected to have a mixed impact, with food delivery platforms facing higher costs while QSRs stand to benefit from tax reductions, ...

GST exemption significantly boosts health insurance coverage, increasing the average sum insured by 31%, according to a ...

The State Bank of India (SBI), in its latest research report, said that reforms in GST through a reduction in rates will cause a minimal revenue loss of Rs 3,700 crore. The government estimates the ...