Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...

While headlines focus on GST rate cuts, two silent but sweeping changes are set to hit taxpayers this November—faster refunds for inverted duty structures and a radically simpler registration process.

The Fertilizer Association of India (FAI) has urged the Centre to bring Goods and Services Tax (GST) rate on ammonia and sulphuric acid, which are key raw materials in the production of di-ammonium ...

Value added tax (VAT) or goods and services tax (GST), also known as indirect taxes, are consumption taxes levied on any value that is added to a product. These are considered indirect taxes since the ...

GST reforms: The Ministry of Finance on Friday, 15 August, said the proposed goods and services tax (GST) reforms will focus on three key aspects to ease the tax burden on people. In a social media ...

The challenge is particularly acute for companies with a narrow product portfolio, where rates across most products have been reduced to 5%. The current ITC refund mechanism does not take into account ...

The cut in GST is “actually very good”, said Deepak Shenoy, CEO of Capitalmind AMC, while RPG Enterprises Chairman Harsh Goenka called it a ‘big Diwali gift for every Indian. This comes after the GST ...

The fertilizer industry plans to make a representation to both the Centre and state finance ministers to seek clarity on the inverted duty structure (IDS) that persists in the sector and is likely to ...