New GST rates took effect on September 22, 2025, necessitating software updates for registered taxpayers. A step-by-step ...
The current GST rate is five per cent countrywide, except for provinces like Ontario, which combine the federal GST with their provincial sales tax into the HST. Ontarians pay a 13 per cent HST on ...
The industry may push for a new refund mechanism, but this would be difficult for the government to allow, given the high ...
The government decision to exempt GST on individual life insurance premiums is a welcome relief for customers. While the ...
Following the GST Council's decision to exempt individual health and life insurance policies, insurers are adjusting to the ...
Following the GST cut on insurance policies, insurers may reduce commissions for intermediaries to manage increased costs.
Meanwhile, insurance companies have found a way to offset their ITC losses. They are now reducing brokerage and commission ...
GST Council eases concerns in fertilizer sector, aligning input tax rates with finished products, but ITC accumulation ...
Experts flag input tax credit blockage for FMCG distributors despite GST relief. Circular shifts compliance, cash-flow ...
The Invoice Management System (IMS) ends automatic ITC population in GSTR-3B from Oct 2025. Taxpayers must Accept, Reject, or Pend B2B invoices via the GST ...