GST Input Tax Credit: According to the Central Board of Indirect Taxes and Customs (CBIC), ITC is a mechanism to avoid the “cascading of taxes” or “tax on tax.” ...

GST Reform 2.0 trims tax slabs, with essentials at 5% and most goods at 18%, aiming to boost consumption, ease compliance, ...

Input tax credit (ITC) is an essential element of GST which allows to recover tax paid on business expenses incurred in producing goods or rendering services. Read all about how to claim input tax ...

At present, apparel and footwear up to ₹1,000 are placed under the 5 per cent GST slab. With the new GST reform, goods ...