Proceedings were closed after it was confirmed that GST ITC benefits had already been passed on to flat buyers. The decision emphasizes that resolved ITC benefit disputes do not warrant continued ...

The Enforcement Directorate (ED) on Tuesday conducted raids in multiple states in connection with an alleged fake GST input ...

The court held that ITC reversal under Section 29(5) depends on a valid cancellation. Once registration is restored, the ITC ...

When the financial year closes, many businesses make bulk purchases in March to optimise their GST outflow, but experts warn that this strategy can backfire. CA Nitin Kaushik explains that input tax ...

Insurers had been claiming ITC on distribution commissions, reinsurance, promotional spends and operational expenses. However, they can no longer claim ITC as the final product was exempted from GST ...

In a major relief for individual policyholders, the Goods and Services Tax (GST) Council announced on September 3, 2025, that all individual health and life insurance premiums would no longer be ...

The Enforcement Directorate is investigating a multi-crore fake Input Tax Credit fraud. Raids were conducted across multiple states including Arunachal Pradesh and Delhi. The probe revealed that large ...

B Sumant, the executive director of ITC, said the reforms have been “transformative for both consumers and businesses,” easing compliance and supporting growth. “The GST rate rationalisation across ...

New Delhi, Sep 25 (PTI) Leading FMCG player ITC expects a surge in the festive demand this season after the GST rate cut, and reduced prices will have a “multiplier impact” on volumes for the packaged ...

The GST Council, as widely expected, moved to a two-slab indirect tax system by retaining the 5% and 18% rates and doing away with the 12% and 18% slabs. The GST Council has been maintaining the ...