It would seem to me that it would be more efficient to re-structure the income tax system – hence my opening reference to YoC 1970. At present, in broad general terms, each taxpayer is given a range ...

The Public Accounts Committee (PAC) has recommended that the Union finance ministry undertake “a comprehensive review of the GST framework” to simplify the Goods and Services Tax regime ...

When the then President Pranab Mukherjee rang the bell for revolutionary change in the tax structure in the country in the ...

A proposal to reduce goods and services tax (GST) on agricultural equipment and inputs is being reviewed by a Group of ...

When receiving payment as an employee for a second job, such as through an ad-hoc contract, the income will be categorized as ...

The US President says he will give ‘a lot of countries breaks’ but officials warn it remains difficult to tell what will be ...

The move will benefit advertisers on digital platforms like Google, X and Meta and reduce the tax burden on digital ad ...

The six-member GoM includes key ministers from Bihar, Uttar Pradesh, Rajasthan, Karnataka, West Bengal, and Kerala.

The GoM, comprising Bihar, Uttar Pradesh, Rajasthan, Kerala, Karnataka and West Bengal, is divided on doing away with the 12% ...

In Quebec, businesses are required to charge the 5% GST and the provincial Quebec Sales Tax (QST), which is set at 9.975%.

(a) A reference received from manufacturers association has stated that increase in GST rate from 12% to 18% on water pump sets has led to reduction in sales by organized pump manufacturers. (b) No ...

The GST Council may finalise relief on life and health insurance at its next meeting, with states showing consensus on the ...