Learn how ITC works, who can claim it, and the compliance requirements under GST. Key takeaway: ITC can save costs but is not an automatic ...

Before the several types of GST (Goods and Services Tax), India"s tax landscape was a labyrinth of various taxes, complicating matters for businesses and the government alike. GST emerged as a ...

Any tax relief on GST could help in boosting demand for goods and services in the economy, complementing the boost from plentiful monsoon rains and the income tax relief to the middle class offered in ...

Forbes contributors publish independent expert analyses and insights. I cover startup ecosystems and economic policy in South Asia. Since GST’s implementation over the past few days, startups have ...

Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the goods and services tax in India has been rolled over into the new year. Textile ...

Input tax credit means credit of Input tax i.e. tax levied on input goods, input services or both. Any goods (including capital goods) and any input services used or intended to be used by a provider ...

A bill to align provisions of the Central Goods and Services Tax Act with the Tribunal Reforms Act to initiate the administrative process for operationalisation of the Goods and Services Tax Appellate ...

The implementation of the Goods and Services Tax (GST) is still mired in controversy and the Union government, in attempting to accommodate the objections of the states, has completely distorted this ...

Forbes contributors publish independent expert analyses and insights. I cover startup ecosystems and economic policy in South Asia. On 30 June 2017, during a special parliament assembly at night, ...