GST reform: The central government is preparing for one of the most significant reforms in the Goods and Services Tax (GST) regime since its launch in 2017. According to CNBC TV18, the Group of ...

Input Tax Credit (ITC) provisions remain consistent with Section 16(1) of the CGST Act, 2017. Registered business can claim ITC on inward supplies used in the course or furtherance of their business, ...

In a sweeping set of tax changes, the GST Council on Wednesday exempted individual health and life insurance from the Goods and Services Tax, marking one of the biggest reliefs for households and the ...

When you think of the name of a vehicle, you probably think of its make and model. For example, if someone asks what kind of car you have, you may answer with something like, "a small blue car," or ...

A strong, well-thought-out business plan is crucial for a business's success. Without one, it's tough to maintain a vision of the future and what the next steps for your business should be. Think of ...

U.S. Steel shifts slab processing from Granite City to Mon Valley and Gary Works, maintaining operations without layoffs at the Illinois plant. Plan for a $174M Pittsburgh factory faces delay amid ...

Finance Minister Nirmala Sitharaman announced significant GST rate cuts following the 56th GST Council meeting, implementing a two-tier structure of 5% and 18% effective September 22. The rate ...

Union Finance Minister Nirmala Sitharaman announced the new GST structure yesterday, with a slew of changes to the taxation for the automotive industry. While most of the clauses are reserved for the ...

PM Narendra Modi hailed the GST reform, saying it will benefit farmers, MSMEs, traders, and the middle class, while giving a strong boost to the economy. The GST Council on Wednesday approved a major ...