For Hybrid Businesses (e.g., Sweet Shops with Restaurants): Separate invoicing and classification are necessary to ensure compliance. Restaurant sales should be billed under SAC 996331 at 5% GST, ...

CBIC regularizes rate disputes on popcorn categories, clarifies GST rates based on ingredients and packaging, resolving ...

As regards personal income tax (PIT), 8.1 crore income tax returns (ITRs) were filed in FY24, a mere 6% of our total ...

Sri Lanka has the lowest tax revenue collected through Value Added Tax (VAT) in South Asia while Maldives with a lower tax ...

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and ...

The GST Council had set up the Chaudhary panel in September 2021 to streamline tax rates, resolve classification disputes, ...

U.S. President Donald Trump on Thursday asked his staff to come up with a plan to slap what’s known as reciprocal tariffs on ...

The Goods and Services Tax (GST), introduced in 2017, has been good intention undone by poor implementation. How can it be reformed?

This does not influence our opinions or our ratings, which are editorially independent. Mortgage rates have been expected to decline in 2025 as the U.S. economy slows, inflation cools and the ...

"I don't know which planet she is living in. She is saying there is no inflation, there is no rise in unemployment, there is no rise in prices," the Wayanad MP told reporters as they left the ...

The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...