Indian Government has clarified there are no current plans to reduce import duties on lifesaving medical equipment. Most medical devices attract a basic customs duty (BCD) ranging from 7.5% to 10%, ...

GST evasion cases during the current fiscal of 2024-25 from April, 2024 to 31 st January, 2025 stood at Rs. 1.95 trillion ...

Its grand success requires that the tax burden be moderate, coverage comprehensive, administration use cutting-edge technology, and dispute resolution swift and fair.

Ultimately, consumers bear the tax embedded in the final prices of goods and services. GST rates range from 0 percent to 28 percent, depending on item necessity, ensuring affordability for ...

Goods and Services ... adding that the rates at present are lower than what they were when the indirect tax reform was rolled out in 2017. The GST Council chaired by the union finance minister ...

Trade officials are increasingly concerned the Trump administration may decide Australia’s goods and services ... an effective tariff rate of 8 per cent. Excluding the GST, government sources ...

A day after Union Finance Minister Nirmala Sitharaman announced that Goods and Services Tax (GST) rates would be further rationalised, the Congress on Sunday (March 9, 2025) argued for “more ...