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Lower GST burden? Average tax rate falls from 15.8% to 11.3%, reveals FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax ...
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GST cuts likely, some rate slabs may even merge: Finance Minister
Individual incomes have been growing slower than inflation in India, leading to sharp slump in consumption. Reduction in GST, ...
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What Is an Indirect Tax and How Does It Impact Your Money?
Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...
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‘Average tax under GST dropped from 15.8 % to 11.3 %,’ Nirmala Sitharaman says in RS Budget session
Sitharaman was answering question raised by AITC MP Nadimul Haque on reforms under GST and if govt was planning to simplify ...
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GST Reform: Steps Towards Fewer, Lower Tax Rates
The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...
What are tariffs, how do they work and who pays for them?
President Donald Trump's tariffs on America's three largest trading partners have led to questions about how tariffs work and who pays for them when goods are imported.
No Income Tax For Working Class? Unions Float Radical Proposal
Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.
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Understanding Tariffs and Strategies for Mitigating Their Impact
In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade ...
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Union Budget: Analysis of changes in Goods & Service Tax
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...