GST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such ...

The Auto Industry's Expectations from Budget 2025 highlight key areas of focus, including reforms in GST to streamline ...

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 ...

2. Applicability of GST on penal charges being levied by the Regulated Entities (REs) in view of RBI instructions dated 18.08 ...

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

Leaders from India's manufacturing sector are urging the government to bolster local manufacturing, cut GST on consumer ...

The standing counsel for the department acknowledged the procedural error, citing limitations in the GST portal’s design.

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 ...

Students urge for GST relief, better infrastructure, and support for the middle class in Union Budget 2025 to enhance ...

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