GST, an indirect tax on the supply of goods and services in India, is currently applied at 18% on health and life insurance ...

The exemption is the gift and estate tax lifetime exemption. The GST Tax Exemption GSTs still serve as tools for high-net-worth individuals to transfer wealth at a lower tax rate even with the ...

GST compensation cess is a specific tax established within the framework of the Goods and Services Tax (GST) system in India. This tax is levied on select goods to assist states in recouping any ...

As India's Union Budget 2025 approaches, speculations are high about the government’s move on taxation and the allocation for ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

The sin tax is the most talked about among consumers. All eyes will be on Union Finance Minister Nirmala Sitharaman as she ...

The federal government’s GST tax “holiday” has been in place for a month and businesses say they’ve seen mixed results when it comes to increases in sales. The “holiday” was announced ...

Implications for Recipients: The responsibility of reversing the ITC lies with the recipient. Upon acceptance of a credit note, the supplier’s tax liability decreases, and the recipient’s GSTR 2B is ...

The GoM had also suggested lowering the GST rate on all individual health insurance policies to 5%, without the option of ITC ...

Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of the day. All eyes are on budget. But this off-budget item ...