The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...
The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...
Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...
Put simply, a tariff is a tax placed on the cost of importing or exporting goods by a certain country. A 60% tariff on Chinese imports would therefore be a 60% tax on the cost to import, say, computer ...
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...
President Donald Trump's tariffs on America's three largest trading partners have led to questions about how tariffs work and who pays for them when goods are imported.
Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.
When your total cost at the store, the gas station or even your monthly bills register higher than expected, it's easy to point to inflation as the problem. People don't realize that even ...
For Hybrid Businesses (e.g., Sweet Shops with Restaurants): Separate invoicing and classification are necessary to ensure compliance. Restaurant sales should be billed under SAC 996331 at 5% GST, ...