India collects $20.66 bln in goods and services tax in December
India collected 1.77 trillion rupees ($20.66 billion) in goods and services tax in December, 7.3% higher than the same period ...
What is GST and who needs to register for GST?
If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for ...
Tax Guru5d
Delhi Goods and Services Tax (Amendment) Act, 2024
Legislative Assembly of the National Capital Territory of Delhi and assented to by the Lt. Governor, introduces key changes ...
What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes ...
Tuko2d
List of New Taxes Introduced by Tax Laws Amendment Act 2024
The Tax Laws Amendment Act 2024 introduced new taxes aimed at boosting government revenue and addressing fiscal deficits.
India should take cues from Piketty on enlarging its tax mop-up
As old tax sources plateau, we need new avenues of taxation. A progressive luxury tax—say on houses priced over ₹10 crore and ...
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Why a Goods and Services Tax Hike Would Shake Up India's Apparel Sector
Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the ...
High GST rate on luxury goods is counter-productive
In contrast, Canada imposes a uniform 5 per cent GST on most goods and services. Singapore has a uniform GST of 9 per cent.
The Daily Star3d
NBR plans to phase out tax exemptions
While hiking value-added tax (VAT) on 43 goods and services, the National Board of Revenue (NBR) is also focusing on widening ...
Tax Guru7d
ITC Availability for Goods Under Ex-Works Contract Clarified
CBIC’s Circular No. 241/35/2024-GST clarifies the availability of input tax credit (ITC) under Section 16(2)(b) of the ...
igamingbusiness1d
India GST enforcement agency given blocking powers for tax-avoiding gaming sites
India's Directorate General of GST Intelligence (DGGI) can block online gaming illegally avoiding Goods and Services Tax (GST ...
Anchorage Assembly postpones vote on sales tax proposals
Anchorage residents won't see a sales tax proposal on the ballot in the April city election. The Assembly on Tuesday postponed voting on a bevy of competing ballot measures to institute a sales tax in ...