Input Tax Credit is Not Restricted if the Construction of Premises Satisfies the Functional Utility Test and is Germane to Business In the case of Chief Commissioner of Central Goods and Services Tax ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

Paytm parent One97 Communications has received a goods and service tax (GST) demand notice of INR 3.73 Cr from ...

1. Provision allowing Input Service Distributors to distribute input tax credit for inter-state supplies subject to reverse ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

Americans pay less in taxes than citizens in many other developed countries. But there are tradeoffs for those savings.

Broadly, there are two categories of taxes: direct and indirect. Direct taxes are progressive levies, including income tax, ...

While Vietnam’s e-commerce sector continues to expand, tax collection remains a challenge. Authorities are now pushing for ...

Fed’s hawkish stance and potential reduction in rate cuts for 2025 have unsettled markets. Read more on market expectations, ...

The measure to leave the surcharge in place for an additional 17 years is expected to win strong support from Kauaʻi, Maui ...

High-income earners, retirees and the wealthy have the most to gain from no state income tax, local experts said. Low and middle class people feel more of the burden from sales and property taxes and ...

The Commerce Department report also showed the United States ran record bilateral trade deficits with Mexico, Vietnam, India, Taiwan, South Korea and the 27-nation European Union.