End-of-year bulk orders may not reduce GST liability immediately. Learn about GST ITC, Input Tax Credit, GSTR-3B, delivery-based credit, business accounting, tax compliance, and ITC eligibility rules.

The six-member panel, led by Bihar Deputy Chief Minister Samrat Choudhary, agreed to phase out the current four-tier framework of 5, 12, 18 and 28 per cent.

Bills related to sports and governance included: The National Sports Governance Bill, 2025, which focuses on sports governance in India, crucial for India's participation in the Olympics bid of 2036 ...

India’s proposed GST overhaul and income tax cuts aim to boost household spending but stagnant wages, AI disruptions and global uncertainties pose deeper challenges to sustainable income growth and co ...

Despite repeated protests and walkouts, Parliament passed many significant Bills covering taxation, shipping, education, sports and governance.

The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalisation has backed the Centre’s push for a simplified two-slab tax system. Bihar Deputy Chief Minister Samrat Choudhary said ...

Group of Ministers accepts Centre's rate rationalisation proposal, which includes consolidating the slabs into two — 5 per cent and 18 per cent, and scrapping the 12 per cent and 28 per cent slab ...

The due date for filing GSTR-3B has been extended till August 27, 2025 for taxpayers registered in Mumbai City, Mumbai ...

Prime Minister Modi faces tough negotiations with states over proposed GST changes, impacting government revenue and economic growth.

India's federal government has not quantified the loss to the exchequer due to a lowering of the goods and services tax rates but a state ministers' panel has endorsed the new rate structure, state ...