To help businesses, professionals, and consumers navigate this transition, here’s a complete FAQ on the revised GST rates, with clear answers on exemptions, ITC treatment, invoicing, and compliance ...

Practical guide to responding to GST notices for ITC reversal. Covers Sections 16/17, Rule 37, 18% interest under Sec 50(3), and payment via DRC-03 for wrongly utilized ...

The finance ministry on Tuesday issued clarifications on input tax credit rules under the revised GST framework effective September 22, tightening provisions for insurers, hotels and select service ...

The Invoice Management System (IMS) ends automatic ITC population in GSTR-3B from Oct 2025. Taxpayers must Accept, Reject, or Pend B2B invoices via the GST ...

The confusion lies in whether these premiums fall under the nil-rated or exempt GST category. At first glance, both mean no GST payable by policyholders. But the difference lies in whether insurers ...

Health and life insurance premiums are exempt from the 18% Goods and Services Tax (GST), bringing relief of up to Rs 3,050 ...

Starting October 1, new rules will come into effect that will impact businesses and the general public. These changes are ...

The government has changed GST rules on commercial rent, creating a new burden for businesses. Under the Reverse Charge ...

New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...

While ensuring a seamless flow of credit across entire supply chains is extremely challenging, what could have been done is to ease the rules and processes to guarantee refunds where credit has ...

Under the law, if the declared tariff of a hotel room is more than ₹7,500 per day, GST at 18 per cent becomes applicable on ...