India introduced the Goods and Services Tax (GST) on July 1, 2017, marking a historic change in the country's tax system. Before GST, people and businesses had to deal with different indirect taxes ...

Harsh Shah is the Partner, Economic Laws Practice and Ankita Vashistha is Senior Associate, Economic Laws Practice. Ordinarily, taxation involves payment of tax at lower rates on inputs and a ...

November 30, 2024, is the last date to claim any pending input tax credit (ITC) or amend any errors or omissions in compliance with the Goods and Services Tax (GST) rules and regulations for FY ...

Insurers face higher operating costs, and distributors face lower earnings, highlighting the unintended consequences of a ...

GST tax claim: The deadline for claiming any outstanding input tax credit (ITC) or correcting errors or omissions per Goods and Services Tax (GST) regulations for the financial year 2023-24 is ...

A recent GST circular clarifies trade discounts and credit notes, easing manufacturers' tax burden but creating cash-flow pressure for FMCG distributors due to accumulated input tax credit.