Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. The introduction of GST brought about ...

Now businesses can make entries about imports in the Invoice Management System (IMS) under GST. According to the tax department, this will enhance the convenience of a GST assessee. “A new section for ...

GST is a destination-based value-added tax on final consumption, it is not meant to be a tax on production or investment. India faces a paradox today. Its GDP growth is among the fastest in the world, ...