The GST reform holds immense potential to bolster India's MSME sector, but its current framework requires critical ...
GST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such ...
With ambitious goals like achieving 30% EV penetration by 2030, the challenges of affordability, infrastructure gaps, and ...
Leaders from India's manufacturing sector are urging the government to bolster local manufacturing, cut GST on consumer ...
Indias plan to become a developed nation by 2047 requires a healthy workforce, but over 1% of GDP is lost to cigarette ...
The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...
Students urge for GST relief, better infrastructure, and support for the middle class in Union Budget 2025 to enhance ...
The RBI in its circular had directed regulated entities to replace "penal interest" with "penal charges" for borrowers who fail to comply with loan terms ...
Industry leaders in India's automotive sector, including Zypp Electric, ParkMate, and Bry-Air, have high hopes for the Union ...
2. Applicability of GST on penal charges being levied by the Regulated Entities (REs) in view of RBI instructions dated 18.08 ...
The report also noted that the government should consider exempting GST and taxes on term and health insurance premiums, ...