Investopedia / Michela Buttignol A generation-skipping trust (GST) is a type of legally binding trust agreement in which the contributed assets are passed down to the grantor's grandchildren.

Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...

GST compensation cess is a specific tax established within the framework of the Goods and Services Tax (GST) system in India. This tax is levied on select goods to assist states in recouping any ...

Penal Charges: Penalties collected by banks and NBFCs for non-compliance with loan terms will not attract GST, providing relief to borrowers. Definition of 'Pre-Packaged and Labelled': The ...

The Union Budget introduces various GST law amendments, notably the Track and Trace Mechanism for goods prone to evasion. A ...

The Union Budget has proposed a host of amendments in GST law, including implementing the Track and Trace Mechanism, for evasion-prone goods.