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, ...

Way Bill Applicability for Gold and Precious Stones. The e-Way Bill (EWB) system under the Goods and Services Tax (GST) ...

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 ...

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

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

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

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 ...

Insurers argue that a complete exemption will lead to denial of input tax credit and the increased costs will have to be ...

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

The central bank has attributed this deviation to three primary factors: a more significant than anticipated increase in ...