Gst Refunds
Tax credit woes: Tractor makers, insurers, fertilizer firms seek faster refunds
Tractor and fertilizer companies are requesting quicker GST refunds due to tax rate cuts effective 22 September, which will hinder their ability to recover taxes from consumers. Insurance firms are also seeking clarity on tax credits as individual health and life policies become GST exempt.
2 min read12 Sep 2025GST cuts may block capital for small businesses. Here's how
Firms would have paid GST to their suppliers at a higher rate under the older regime. But when they sell inventory to customers, they would receive tax at the newer, lower rate
2 min read6 Sep 2025India plans compliance reforms, seamless GST refunds, PLI fixes to woo investors
The government is looking to expedite its ease-of-doing-business reforms, cut procedural hurdles to boost domestic manufacturing and attract investments after trade talks with the US stalled, and Trump imposed a punitive 50% import duty on Indian goods.
5 min read14 Aug 2025Why ‘record’ gross GST collections in April don’t tell the full story
April GST numbers are a seasonal quirk, boosted by the year-end push, and not a barometer of steady consumption growth. Mint explores the trends hidden behind the headline numbers.
3 min read7 May 2025Here's how NRIs can save up to 18% GST on insurance premiums
NRI buying an insurance policy can specify that they are doing so from abroad by submitting a declaration form, provided by the insurance company. If a policyholder has already paid premiums, including GST, he can apply for a refund.
4 min read1 May 2025Simplify India’s GST regime: The case for it is clear and it’s time to act
This indirect tax system has grown far too complex. A GST regime with uniform rates—based on clear statistical data—within every broad category would enhance fairness, reduce litigation and also improve the ease of doing business in India.
5 min read14 Jan 2025GST Council Meeting Highlights: GST on Cancer drugs reduced to 5%, no GST on funds given to Central or State university
GST Council Meeting Highlights: The Goods and Services Tax (GST) Council, chaired by Union Finance Minister Nirmala Sitharaman, is scheduled to meet today to discuss several critical matters affecting various sectors of the economy.
8 min read9 Sep 2024Who profiteered the most from GST tweaks? CCI has clues
Since last May, CCI has issued around 44 orders on complaints of businesses allegedly pocketing the benefits of GST rate reduction or tax credits meant for consumers
3 min read14 Feb 20247 Key highlights of the 50th GST Council meet | Mint Primer | Mint
The 50th GST Council meeting brought significant changes, including tax exemptions on cancer drugs and rare disease medicines. The GST rate was reduced to 5% for snack palettes, fish soluble paste, LD slag, and imitation zari thread. However, online gaming faced a setback with a 28% GST rate imposed. The meeting also addressed concerns about ED interference in GSTN. This video explores the key highlights of the meeting, showcasing the latest updates and their implications on various sectors of the Indian economy.
13 Jul 2023Rationalisation in GST rates should be implemented gradually, says CBIC Chairman Vivek Johri ahead of Council meeting
Vivek Johri, Chairman of CBIC, has stated that any changes to GST rates should be implemented gradually to ensure stability of revenues. He expects the current slab structure to eventually converge towards three or four rates.
1 min read10 Jul 2023Wait for it…
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