What is GST and how might tax changes look?

Before deciding if GST will even be part of tax changes, the States needs to decide what it will look like. Under the ...

Food to be included if 5% GST is approved

Food would be included in a 5% goods and services tax (GST), if the States Assembly approves the preferred Policy and ...

Stakeholders seek further simplification of GST ahead of Union Budget 2026

Despite GST 2.0’s rollout last year and ongoing digitisation efforts, small and medium enterprises continue to face complex compliance requirements that affect their operational efficiency and working ...
BW Businessworld

What December GST Data Reveals About Consumption And Tax Reforms

Domestic GST growth remains muted after September rate overhaul, while import-linked collections and refunds shape December ...
Tax Guru

Transfer of Leasehold Rights in respect of property at MIDC/GIDC etc. is not liable for GST

Courts have ruled that transfer of leasehold rights is not a supply of services. The key takeaway is that such transactions ...
Tax Guru

Adjustment of Tax Liability or Refund through GST Credit Note

Explains the legal situations where suppliers can correct excess GST through credit notes. Highlights that reduction in tax liability is conditional on timelines, ITC reversal, and absence of unjust ...

Rajya Sabha MP Sasmit Patra calls for further simplification of GST to boost small enterprises

Rajya Sabha MP Sasmit Patra has stressed further simplification of the Goods and Services Tax (GST) along with ...
Outlook Business

Budget Expectations 2026: Fertiliser Makers Seek Uniform 5% GST, Faster Refunds

Ahead of the Union Budget 2026, fertiliser manufacturers have sought a uniform 5% GST across all fertilisers, faster refund of excess GST credits and a unified licensing system to ease working capital ...