The GSTN now allows hotels to declare premises as “specified” online, determining whether restaurant services attract 18% GST with ITC or 5% without ITC. The move streamlines compliance and clarifies ...
This explains when ITC becomes ineligible under Section 17(5)(h) due to expiry or destruction of goods. The key takeaway is that ITC reversal is mandatory and ...
GST rate cuts: FMCG giant ITC to pass on ‘full benefit’ to customers across portfolio — Details here
B Sumant, the executive director of ITC, said the reforms have been “transformative for both consumers and businesses,” easing compliance and supporting growth. “The GST rate rationalisation across ...
Non-cigarette product prices set to be revised nationwide following government’s GST rationalisation, reaching millions of outlets Diversified conglomerate ITC on Thursday said it will pass on the ...
In a major relief for individual policyholders, the Goods and Services Tax (GST) Council announced on September 3, 2025, that all individual health and life insurance premiums would no longer be ...
The GST Council, as widely expected, moved to a two-slab indirect tax system by retaining the 5% and 18% rates and doing away with the 12% and 18% slabs. The GST Council has been maintaining the ...
Shares of ITC and Godfrey Phillips tanked 10% and 18%, respectively as the finance ministry issued a notification imposing higher excise duty on cigarettes from February 1, as per provisions of the ...
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