India’s Income Tax Bill sets the stage for significant reforms
It simplies the country’s income tax law to make it easier to grasp, enhance compliance and reduce litigation. While it makes ...
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Corporate Guarantee under GST: Legal Challenges and Taxation
The taxability of such services is governed by Rule 28 of the CGST Rules. Amendments were introduced in October 2023 4 to treat the issuance of intra-group corporate guarantees as taxable service and ...
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The post-Budget agenda: How to make GST ‘Good and Simple Tax'
The Goods and Services Tax (GST), introduced in 2017, has been good intention undone by poor implementation. How can it be ...
New Income Tax Bill 2025 Highlights: New I-T bill to be tabled in Lok Sabha on Thursday; How will it impact taxpayers?
The new direct tax code or the new income tax bill announced by Finance Minister Nirmala Sitharaman in the Union Budget, is ...
Min panel may propose 5% GST with ITC benefit on term plans
A ministerial panel is considering a 5% GST with input tax credit on term insurance plans. The panel, headed by Bihar deputy ...
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Middle Class Ignored in USD 5 Trillion Economy Push: Chadha
AAP leader Raghav Chadha criticizes the Indian government for neglecting the middle class in its focus on building a USD 5 ...
Average Tax Under GST Dips From 15.8 % To 11.3 %, Says Nirmala Sitharaman During Question Hour In Rajya Sabha
Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax (GST) has significantly reduced over the years since its implementation. She ...
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Views| India's shrinking tax base: Could a GST cut have been more effective for the middle-class woes than an income tax waiver
The need of the hour is to expand the tax base because in a country of 140 crore, 3 crore is already abysmally low and it ...