No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has clarified that no bank, NBFC, regulated entities (REs) can charge Goods and Services Tax (GST) on penal ...
The big tax Americans don't pay — and what we give up in exchange
Americans pay less in taxes than citizens in many other developed countries. But there are tradeoffs for those savings.
The Financial Express29m
Budget 2025 Expectations: FM expected to use indirect tax as key to maintain balance between growth and fiscal discipline
The upcoming budget presents a crucial opportunity to refine indirect tax policies, boost revenue generation, and foster ...
Budget 2025: Mobile retailers seek tax cuts, easier loans and lower MDR
The All India Mobile Retailers Association, which represents 1.50 lakh retailers, says these measures will improve ...
Welcome to tax season. What to know before you file
Your prior year return will give you a good starting point for figuring out what documents you need to have handy to fill out your 2024 return, said Tom O’Saben, director of tax content and government ...
Yahoo Finance29d
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 goods and services tax in India has been rolled over into the new year.
Reuters1mon
India collects $20.66 bln in goods and services tax in December
NEW DELHI, Jan 1 (Reuters) - India collected 1.77 trillion rupees ($20.66 billion) in goods and services tax in December, 7.3% higher than the same period last year, the government said on Wednesday.