Dozens of states have a general sales tax. In Illinois, the tax covers consumer goods, but not services. That's a mistake, ...

GST exemption also makes vouchers more appealing to consumers, who can redeem them without the worry of extra taxes, potentially increasing footfall in both physical stores and online platforms ...

Sitharaman was answering question raised by AITC MP Nadimul Haque on reforms under GST and if govt was planning to simplify ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

A legal fight is worth fighting if the remains of the war are buried forever. However, the fight is not worth it if the ghosts of the war come back to haunt. Similar is the story of challenges ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

Individual incomes have been growing slower than inflation in India, leading to sharp slump in consumption. Reduction in GST, ...

Is the tax bonanza really as big a game-changer as some pundits are claiming it to be? GST cut would have impacted us right ...

A larger penalty of Rs 113.02 crore was imposed by the Additional Commissioner of Central Goods & Service Tax - Delhi South ...

The Union Budget 2025-26 offers tax relief for India's middle class, signalling a potential consumption revival. However, ...

Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...