Latest updates on GST – Finance, Insurance, Health & More
The Ministry of Finance has kicked off 2026 with a landmark shift in the taxation of demerit goods. Through a series of critical notifications issued on December 31, 2025, the government has overhauled the tax structure for tobacco and pan masala, moving away from the long-standing “28% + Compensation Cess” model toward a more streamlined, […]
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The financial landscape for Indian health insurance policyholders has undergone a major positive transformation! Understanding the current rules about GST on Medical Insurance is crucial, as a significant tax burden has recently been lifted for millions of individuals and families. If you are wondering about the current GST rate on health insurance premiums, here is […]
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Artificial Intelligence has evolved at lightning speed this year. From government-backed scientific missions to breakthroughs in medicine, climate modelling, and open-source AI — 2025 has proven to be a true inflection point. Below is a crisp, reader-friendly summary of what’s happening across the world of AI through November 2025. 🚀 Major Government & Infrastructure Push […]
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✅ A. Before You Start ✅ B. GSTR-9 Data Verification 1. Outward Supplies (Table 4 & 5) 2. Input Tax Credit (Table 6 & 7) 🧮 Cross-check ITC breakup: 6A = 6A1 + 6A2; 6A2 = Current FY ITC. 3. Inward Supplies Reconciliation (Table 8) Table Verify for Action 8A Auto-populated from GSTR-2B (including Apr–Oct […]
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The Goods and Services Tax Network (GSTN) has released a comprehensive FAQ document on GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for the Financial Year 2024-25, clarifying key reporting requirements, new changes, and system auto-populations.Here’s a complete summary of all major points every GST-registered taxpayer should know before filing their annual return for FY 2024-25. […]
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