Tax hikes on essential items such as medicines, LPG, and mobile phone SIM cards are implemented immediately after the ...

If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for ...

Congress criticises GST as a tool for looting the public, demands end to "tax terrorism" in upcoming Union Budget.

India collected 1.77 trillion rupees ($20.66 billion) in goods and services tax in December, 7.3% higher than the same period ...

Legislative Assembly of the National Capital Territory of Delhi and assented to by the Lt. Governor, introduces key changes ...

Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...

The Tax Laws Amendment Act 2024 introduced new taxes aimed at boosting government revenue and addressing fiscal deficits.

In contrast, Canada imposes a uniform 5 per cent GST on most goods and services. Singapore has a uniform GST of 9 per cent.

While hiking value-added tax (VAT) on 43 goods and services, the National Board of Revenue (NBR) is also focusing on widening ...

Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the ...

CBIC’s Circular No. 241/35/2024-GST clarifies the availability of input tax credit (ITC) under Section 16(2)(b) of the ...

As old tax sources plateau, we need new avenues of taxation. A progressive luxury tax—say on houses priced over ₹10 crore and ...