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.

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 ...

2. The above declaration shall have to be filed separately for each ”.

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