Input Tax Credits

Flying may get expensive: Domestic airline cos to increase air fares as GST to pinch cost of operations

The government will levy tax on any import of spare components by airline companies under GST, which is not taxable under the current regime

GST may bring down construction cost: Will it cool down residential, commercial property prices?

One big anomaly is that the cost of production amount will vary from project to project, depending on the specification of materials used and project structure

GST: Entertainment, cable, DTH services to be taxed lower, watching films to become cheaper

While GST is a value added tax, entertainment tax, presently levied by the states is like a turnover tax, i