Summary: The Finance Bill 2025 presents significant updates in both direct and indirect taxes aimed at improving business ease, reducing litigation, and widening the tax base. Direct tax proposals ...

The Union Budget 2025-26 introduces several amendments to indirect taxes, covering GST and customs. In GST, changes include allowing Input Service Distributors to distribute input tax credit for inter ...

Goods and Services Tax (GST), and others. Broadly, there are two categories of taxes: direct and indirect. Direct taxes are ...

The Union Budget 2025-26 reveals that direct and indirect taxes will contribute 66 paise for every rupee in government ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as retailers or producers, who then pass the payments to the government.

Much jubilation about income tax cut, but millions will fall out of the income tax net,” Ranade wrote, pointing out a ...

While the Centre is keen on doing away with the 12% GST slab, states on the rate rationalisation panel have, so far, only ...

Finance Minister Nirmala Sitharaman on Tuesday informed the Rajya Sabha that indirect tax under the Goods and Services Tax ...

Direct taxes, including corporate and individual income tax will contribute around 39 paise, while income tax will yield 22 ...

The MLI deals with income taxation, which is referred to as direct taxation. On top of that, most countries have indirect ...

Goods and Services Tax (GST), and others. Broadly, there are two categories of taxes: direct and indirect. Direct taxes are progressive levies, including income tax, wealth tax, and capital gains ...