India's Goods and Services Tax (GST) is poised for a major overhaul since its 2017 launch. A key change involves potentially ...

The valuation method under Rule 31A essentially refers to the way the government decides how much value to assign to a ...

Karnataka GST Department Uses UPI Trail to Crack Down on 13,000 Small Tax Evaders; Other States may follow suit ...

Luxury items like automobiles and cigarettes, which currently fall under the highest 28% slab will likely remain unchanged ...

The SC has scheduled July 25 as the date of final hearing in the case related to show cause notices issued to online gaming ...

The Prime Minister’s Office (PMO) has given an in-principle nod for a revamp of the GST structure, paving the way for ...

The GST Council is expected to announce a significant tax cut on life and health insurance premiums in its upcoming meeting.

The upcoming GST Council meeting, likely to be held in August 2025 after the monsoon session of Parliament, could bring key ...

Small businesses should be cautious with online receipts via UPI, Gpay, BHIM, PayTm, etc. If the amount exceeds ₹20/40 lakhs ...

With the GST Council meeting now likely to be held in August, almost eight months after the last one held in December 2024, the expectation is that the council ...

Understanding Ind AS 116 is crucial for GST professionals. This accounting standard's impact on lease asset recognition can lead to GST audit ...