A personal income tax cut would benefit only a small fraction of the population, as the vast majority do not pay income tax.

Central Board of Indirect Taxes & Custom (CBIC) has notified 18 per cent GST on sale margin of old and used electric vehicles ...

Fiscal incentives and GST reforms in the upcoming budget may pave the way for India’s space industry to attain newer heights ...

The current high level of inflation has already placed significant financial pressure on the common people, and increasing ...

A provision in the GST Act, Division 142, is intended to prevent developers achieving a windfall gain by obtaining a refund ...

Here are the key recommendations to enhance India’s indirect tax regime, providing insights into the country’s fiscal outlook ...

Recently, the value-added tax (VAT) and supplementary duty (SD) have been increased on nearly one hundred products and ...

The current regime of making the recipient entity liable to charge the tax on the transaction and pay the government is an exception to the general indirect tax rule of suppliers of goods or ...

Act, 1956 came into force on January 5, 1957, while CST rate was 1% originally and was increased to 2% and then to 3% and 4% (with effect from July 1, 1975), according to the Department of Revenue.

Congress Party criticizes government's GST system as "tax terrorism," calls for GST 2.0 to ease burden on middle class.

A Bloomberg poll of economists estimated the country's GDP to rise 6.4% in the current fiscal. GDP growth for the previous ...

Self-employed workers and freelancers who work from home can take advantage of this tax deduction that other remote workers cannot.