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 consumption accounting for over 60 percent of India's GDP, boosting disposable income is critical to reviving demand ...

The Central Board of Indirect Taxes and Customs (CBIC) has clarified that GST will not be applicable on penal charges levied ...

In anticipation of Union Budget 2025, students voice their expectations for progressive reforms. Key demands include improved ...

Ltd., challenging the GST assessment order issued by the State Tax Officer. The company, a non-vessel operating common carrier, was under scrutiny for various tax-related discrepancies in the ...

The CBIC confirms that GST is not applicable on penal charges by banks and NBFCs, clarifying the tax implications for ...

The petitioner sought several reliefs, including the annulment of orders passed by the Assistant Commissioner, particularly ...

As we near Finance Minister Nirmala Sitharaman's eighth Budget speech on February 1, 2025, stakeholders share their wishlist ...

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 ...

A simplified GST system that provides MSMEs with ease of doing business is one of the main demands from the Union budget from the industries in Coimbatore region.

The action was reportedly linked to alleged discrepancies between records available on the GST portal and those furnished by the company. Shares of Grasim Industries Ltd ended at ₹2,410.50, down by ...