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The new upcoming Index of Services Production (ISP) will rely heavily on Goods and Services Tax (GST) data to arrive at its estimates of services sector production, the report of the technical committee tasked with designing the index framework has said.
India’s leading domestic airlines have urged the Centre to bring ATF under the GST regime at a rate of 5 per cent with full ITC, arguing that the move would significantly reduce operating costs, improve airline liquidity and make air travel more affordable.
The overall sentiment of businesses towards GST remains positive after 9 years of its implementation, but addressing compliance complexities and reducing litigation will be critical to strengthening the ease of doing business and unlocking the full potential of the goods and services tax, a survey said on Thursday.
The Goods and Services Tax (GST) was implemented on July 1, 2017, under the banner of “One Nation, One Tax, One Market”. In Jammu & Kashmir, it was implemented on July 8th 2017.
Online gaming companies have approached the Supreme Court seeking a review of its recent judgment upholding the constitutional validity of the 28% Goods and Services Tax (GST) on the sector
The latest item on Domino’s menu isn’t a new pizza, it’s a tax notice. Even as Jubilant FoodWorks served up another quarter of steady growth, the QSR giant is preparing for a legal battle after receiving a multi-crore GST demand from tax authorities.
The directorate general of GST Intelligence (DGGI) has arrested a scrap trader from Jamshedpur in connection with an alleged fake GST invoicing racket involving transactions worth nearly Rs 100 crore.
UP RERA has issued fresh guidelines to protect homebuyers by clarifying the process for claiming refunds of excess GST collected by real estate promoters.
Delhi registered tax revenue collections of over ₹16,800 crore in the first quarter of the 2026-27 financial year, higher than the corresponding quarter in the last year, according to official data released on Thursday.
