No GST on penal charges levied by banks, NBFCs and other regulated entities on loans, clarifies CBIC
The government has stated that no Goods and Services Tax (GST) is required to be paid on penal charges on loans levied by RBI ...
Income tax relief, capex: Budget 2025 wishlist from Motilal Oswal Sec
Indirect tax relief, interest-free capex loans, household income boost, among 5 key expectations from Motilal Oswal for ...
Tax Guru6h
Gujarat AAAR Rejects Tax Exemption Appeal of Data Processing Forms
Gujarat Appellate Authority for Advance Ruling (AAAR) has upheld the Gujarat Authority for Advance Ruling’s (GAAR) decision ...
The Financial Express6h
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 ...
Tax Guru2h
GST Order Invalid if officer Relies on Another State’s Proceedings for Tax Determination
Vs. Union of India, set aside a GST order issued under Section 73 of the CGST Act, 2017. The petitioner challenged the order ...
What Middle Class' Tax Burden Tells Us About the State of Indian Taxation System
As the Union Budget 2025 approaches, debates over tax reforms have reignited frustrations among the middle class about the ...
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.
Budget 2025: What is sin tax? Will cigarettes, alcohol get costlier?
The sin tax is the most talked about among consumers. All eyes will be on Union Finance Minister Nirmala Sitharaman as she presents her eighth consecutive budget tomorrow. But what is this tax?
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 ...
Business Daily Africa2dOpinion
Treasury should roll out non-fiscal incentives to manage tax expenditure
The national government could focus on non-fiscal measures and incentives, working together with county governments.
Green Wants To Extend Excise Tax Surcharge On Neighbor Islands
The measure to leave the surcharge in place for an additional 17 years is expected to win strong support from Kauaʻi, Maui ...
Talk Business3d
Fort Smith’s 2024 sales tax revenue slightly below 2023 record levels
While Fort Smith sales tax revenue rebounded slightly in December, like they did in the previous month, the 2024 totals still ...