Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...

It is usually calculated as a percentage of the total outstanding amount. The payment percentage can vary from 2% to 5%. The banks and card issuers generally use the following formula to decide the ...

Total number of Input Tax Credit (ITC) fraud cases and amount detected in first 10 months ... Data sourced from GST Intelligence Wing for written response in the Lok Sabha showed that over 13000 ...

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST aimed to dismantle the complex, multilayered national tax structure and replace it with a more ...

Elon Musk targeted USAID, highlighting financial waste and corruption, particularly in NGO funding. His team pushed for transparency and reforms in USAID and the Treasury, with Marco Rubio ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later Fill out this return if you are a non-registrant for GST/HST purposes, resident in canada, and you want ...

Subsequently, the Respondent-1 passed an Order dated February 23, 2022 (“the Impugned Order-1”), demanding balance GST liability along with interest and full amount of GST liability as penalty.

Finance Minister Nirmala Sitharaman announced on Saturday that GST rates will come down further and that the process of rationalising tax rates and slabs has "almost reached a finale." With the ...

For example, the standard deduction amount, which is a flat rate subtracted from household income to determine net income eligibility, increased from $177 to $193 for households of 1 to 4 people.

US car giant General Motors has had its Formula 1 entry for the 2026 season formally approved. It will name the new team after its luxury Cadillac brand. The decision to approve GM's bid comes ...

WatchThe latest news and opinions from David Koch on how to set up and maintain your very own small business. ListenFirst Act shares the origin tales and inspirational stories of Australia’s small ...