The taxability of such services is governed by Rule 28 of the CGST Rules. Amendments were introduced in October 2023 4 to treat the issuance of intra-group corporate guarantees as taxable service and ...

The GST Act prescribes specific time limits within which orders for raising demands under Sections 73 and 74 must be issued. Additionally, the Act allows the issuance of orders under various other ...

The GST reform holds immense potential to bolster India's MSME sector, but its current framework requires critical refinements to address its challenges. The upcoming budget is expected to make major ...

Hero MotoCorp faces a GST demand of Rs 456 crore issued by Rajasthan authorities due to disputed tax rates on product parts.

Business owners highlight challenges like complicated GST filing, lack of infrastructure improvements, and unmet promises on ease of doing business and market development. NEW DELHI: The city's ...

India’s sports technology market is set for rapid expansion, with revenues projected to reach ₹49,500 crore by 2029, growing ...

(Freepik) Finance minister Nirmala Sitharaman has indicated that the Goods and Services Tax (GST) Council might not delay the much-awaited “rationalisaton” of the rate slabs any longer ...

GST collection has become a significant indicator of the nation's economic health and is anticipated to influence government allocations in key sectors.

Canada’s restaurant industry faces slow growth in 2025, with sales up just 0.8% after inflation. Restaurants Canada calls for ...

Mumbai-based Nazara received an order dated January 31 from the Additional Commissioner of CGST & Central Excise with a tax ...

India may soon mandate the invoice management system for large transactions to curb tax evasion and enhance GST compliance.

The Union Budget 2025, presented recently, introduces opportunities and challenges for Gulf-based NRIs. The budget emphasizes ...